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iras productivity and innovation credit (PIC) scheme

IRAS Productivity and Innovation Credit (PIC) Scheme

Singapore’s foreign labour policy is coming down hard. Labour costs have increased and the Food and Beverage industry are facing a major reshuffle.

Singapore government provides up to 68% of the cost of the PIC solutions for tax rebate or 40% cash payout.

Check out www.iras.gov.sg to know more about this.