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Ministry of Finance (MOF)
Parliamentary Replies

Update on The Productivity and Innovation Credit Scheme

25 February 2013

Topics

Tax-Related (PIC)

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Parliamentary Question from Mr Ang Wei Neng:

To ask the Deputy Prime Minister and Minister for Finance if he will provide an update of the Productivity and Innovation Credit (PIC) scheme to help the SMEs, in particular, the number and percentage of small companies that have claimed PIC since 2011 with annual turnover of (i) less than $1 million; (ii) between $1 million to $5 million; and (iii) between $5 million to $10 million.