PIC Grant Eligibility Checking Tool PIC Grant Eligibility Checking Tool Are you a registered business in Singapore with active business operations here? (Business refers to sole proprietorship, partnerships or companies)*YesNoSorry, you are not eligible for PIC in this case. You will need a registered business to proceed with claims. Are the claims you intend to make within this YA (year of assessment) and before your tax filing due date?*YesNoSorry, you are not eligible for PIC in this case. Your claims will have to be within this YA and filed in your tax assessment in order to be eligible. Do you intend to claim the cash payout option or tax deduction/allowance?*Cash PayoutTax Deductions/AllowancesCash PayoutDo you fulfill the requirement of 3 local employees and paid for their CPF in the last 3 months of the relevant financial quarters you are claiming your expenses in?*YesNoNote: Shareholders who are also directors, partners and sole proprietors are not included in this employee count. Employees who are employed for the sole purpose of making up headcount will also be discounted.Sorry, you are not eligible for PIC in this case. You will need to have 3 local employees in order to claim the cash payout option. However, you can still look into the tax deductions option which has no such requirements. Are you claiming more than $100,000 in qualifying expenses?*YesNoSorry, you are not eligible for PIC cash payout for the excess amounts above $100,000. Under the updated PIC scheme, cash payouts are also now restricted to 40%, you may wish to look into the 400% tax deductions/allowances instead. Will the equipment or qualifying service be delivered or be in-use by the date of filing?*YesNoSorry, you are not eligible for PIC cash payouts in this case. The qualifying activity and especially equipment needs to be proven to be in use in order for cash payouts to be approved, though this may be subject to waiver on a case-by-case basis by IRAS for businesses with genuine cash-flow difficulties and unable to secure delivery before payment is made. Tax Deductions/AllowancesAre you claiming more than $600,000 in qualifying expenses?*YesNoSorry, you are not eligible for PIC tax deductions/allowances for the excess amounts above $600,000. Under the new PIC+ scheme, From YAs 2015 to 2018 onwards, qualifying businesses can claim 400% tax deductions/allowances for up to $600,000 as compared to $400,000 before. Are you claiming a design project?*YesNoHave you obtained prior approval from IRAS for your design project?*YesNoSorry, you are not eligible for PIC tax deductions/allowances in this case. Prior approvals from IRAS are required for design projects. Eligible ActivitiesWhich of these six qualifying PIC activities are you making a claim under?*Purchase or Leasing of IT and Automation EquipmentTraining of EmployeesAcquisition and Licensing of Intellectual Property Rights (IPR)Registration of Patents, Trademarks, Designs and Plant VarietiesResearch and Development (R&D) ActivitiesDesign Projects Approved by DesignSingapore CouncilNone of the aboveSorry, you are not eligible for PIC claims in this case. Only activities within these six qualifying activities are eligible for PIC claims. Not sure where to get started? Check out ThunderQuotee PIC Page to find and compare free quotes from eligible local service providers! Training of EmployeesWhat type of training are you claiming for?*External Training (Fees paid to external service provider)In-house Training (Courses conducted by employees)Is your in-house training included under Workforce Skills Qualification (WSQ) training courses accredited by the Singapore Workforce Development Agency (WDA) and conducted by a WSQ in-house training provider?*YesNoIs your in-house training part of courses approved by the Institute of Technical Education (ITE) under the ITE Approved Training Centre scheme?*YesNoIs your in-house training part of on-the-job training by an on-the-job Training Centre certified by ITE?*YesNoCongratulations, you are eligible for PIC claims for this activity! Interested in checking other qualified service providers or compare quotes to ensure you maximize your claims? Check out ThunderQuote PIC Page to find and compare free quotes from eligible local service providers! Congratulations, you are still eligible for PIC claims for in-house training not accredited by WDA or ITE but note that there is a $10,000 cap for such claims each YA. Interested in checking other qualified service providers or compare quotes to ensure you maximize your claims? Check out ThunderQuote PIC Page to find and compare free quotes from eligible local service providers! Purchasing or Leasing of IT and Automation EquipmentDoes your equipment fall under any of these categories?*Printers, scanners or other optical/imaging devicesComputers, mobile phones, tables or other processing devicesWebsites (including one-time domain costs)Point of Sales SystemsInteractive Shopping Carts/KiosksModems, servers, routers, or other networking equipmentOffice software or enterprise systems that is used to automate or increase productivity ie. CRMs, reservation systems, HR, business management, etc.Computer-aided design or manufacturing system softwareEquipment which automate your business operationsNone of the aboveSorry, you are probably not eligible for PIC claims in this case. However, as our list is non-exhaustive and only includes the more common items, you may still wish to refer to the full list by IRAS to determine your claims' eligibility. Are there bundled items (ie. warranties, additional items, fees, penalties, cash discounts) that are more than $3,000 or more than 10% of the claimable item's value?*YesNoSorry, you are not eligible for PIC claims in this case. IRAS does not allow bundled items exceeding these values to be claimed as part of PIC expenses, you can however still claim the eligible expenses after deducting these bundled items. Congratulations, you are eligible for PIC claims for this activity! Interested in checking other qualified service providers or compare quotes to ensure you maximize your claims? Check out ThunderQuote PIC Page to find and compare free quotes from eligible local service providers! R&D, Patents, IPRs, DesignSorry, this portion of the quiz is still under construction. Do refer to the IRAS page for more information! Interested in checking other qualified service providers or compare quotes to ensure you maximize your claims? Check out ThunderQuote PIC Page to find and compare free quotes from eligible local service providers!
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