IMPLEMENTATION LEVEL

National

AFFECTED FLOW

Inflow

ANNOUNCED AS TEMPORARY

No

NON-TRADE-RELATED RATIONALE

No

ELIGIBLE FIRMS

all

JUMBO

No

TARIFF PEAK

No
← back to the state act
Inception date: 25 Feb 2013 | Removal date: open ended

Financial grant

On 25 February 2013, Deputy Prime Minister and Minister of Finance, Tharman Shanmugaratnam, also announced the Productivity and Innovation Credit Bonus with a total budget of SGP 450 million (ca. USD 387 million).

Under the PIC Bonus, companies investing at least 5'000 SGD in a given year will receive a dollar-for-dollar matching cash bonus. This means each company may obtain up to 15'000 SGD of bonuses if they invest the minimum amount in each of the three years. 

AFFECTED COUNTRIES

MAP
TABLE
EXPORT

Please report this page in case you detect an inaccuracy in its content.