ANNOUNCED AS TEMPORARYNo
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.
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