Maximize your budget with Productivity & Innovation (PIC) Scheme!
With the PIC Scheme, Singapore registered businesses can enjoy huge tax savings in the form of 40% Cash Back or 400% Tax Deduction when they invest in trainings to upgrade the skills of employees, including executive education programs provided by Clariden.
Have 40% of Your Registration Fees Funded - Cash Payout Option!
Eligible businesses can get 40% cash back on investment on training programs for their employees.
How to Apply for Cash Payout
Register and pay for any executive program or conference.
Attend the program and receive a program certificate.
*Please note that IRAS may select PIC applications for further review, even after the cash payout has been made.
400% Tax Deduction
Businesses can enjoy 400% tax deduction or allowances of their expenditure per year
How to for Claim Tax Deduction
Businesses can make the claim for deduction or allowances in their income tax returns for the relevant YA by the filing due date.
By Paul Krugman, Nobel Prize Winner, Professor of Economics and International Affairs at the Woodrow Wilson School of Public and International Affairs at Princeton University, Centenary Professor at the London School of Economics
