Provides lower corporate tax rates for a set period to assist companies to move into higher value-added activities in Singapore.

Encourages investment in equipment for greater productivity or introduce new technology to the industry.

Under new tax concessions, you can get up to 150% tax deduction for qualifying R&D activities in Singapore, even if the R&D does not relate to your existing trade/business.

Awards full corporate tax exemption on qualifying profits for up to 15 years.

Get significant tax deductions or payouts for your investments in research & development, innovation, automation and training.

Get significant tax deductions when you invest in design. PIC aims to encourage pervasive and continuous design innovation in companies in Singapore.

Get an annual tax allowance of up to S$150,000 every year for engaging in and increasing your research and development (R&D) activities in Singapore.