In this blog post, I will explain more on another common mistake made by taxpayers when claiming PIC cash payout or enhanced deduction – Treatment of government grant
23/10/2015 /
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Productivity and Innovation (PIC) – Common mistakes (Part 1)
While many SMEs have benefited from the PIC scheme introduced by our government, many taxpayers have made the following mistakes during the process of claiming PIC cash payout and / or enhanced deduction. Some of these common mistakes include:
12/10/2015 /
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PIC Enhanced Deduction (Part 2) – How much can companies claim
As mentioned in my previous blog post, companies can enjoy an additional 300% of tax deduction on their PIC qualifying if they elect for the PIC enhanced deduction option and meet the qualifying conditions. So what is the enhanced tax deduction capping for each year?