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Ministry of Finance (MOF)
Parliamentary Replies

Cases of Fraud in Productivity and Innovation Credit Scheme

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Tax-Related (PIC)

5 April 2016

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Parliamentary Question by Ms Sylvia Lim:

To ask the Minister for Finance (a) how many cases has IRAS investigated for fraud under the Productivity and Innovation Credit (PIC) scheme since the inception of the scheme; (b) how many court convictions for PIC fraud have been obtained and what are grant amounts involved in these cases; (c) how many cases of suspected PIC fraud are pending before the courts; and (d) how many and in what percentage of cases in (a), (b) and (c) are consultants the subject of proceedings.

Reply by Minister for Finance Mr Heng Swee Keat:

As at 31 December 2015, IRAS investigated 488 cases for fraud under the PIC scheme. To date, 8 cases, involving a total of $213,000 of cash payouts, have been prosecuted. 3 cases are pending trial. The 11 court cases do not involve consultants. 

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