Our affiliate partner, 3E Accounting Pte Ltd is an accounting firm that provides a diverse range of accounting services which includes PIC claim services. What differentiate us from other IT companies is that we collaborate with 3E Accounting to offer you complimentary PIC claims services when you engage us (Note: Do check out the qualifying criteria). We maintain a close and good relationship with 3E Accounting and we seek to benefit our clients with more value-added services that will enhance their businesses.

IT and automation equipment qualifying for enhanced deduction/allowances under the Productivity and Innovation Credit (“PIC”) scheme are as follows:

• Data communications and networking equipment
  (infrastructure setup equipment such as modem,switches, servers)
• Any Information technology and system software that are used for business purposes (e.g. CRM, Payroll management software, inventory management software, Firewall software)
• Computer-aided design system software and computer-aided manufacturing system software.
• Any Computer controlled machine and automated system used for business purposes
• Interactive shopping carts or kiosks
• Image or graphics processing equipment
  (e.g. printer, scanner)
• Data processing and information technology equipment/devices
  (e.g. laptop, mobile phone, personal digital assistant)

The list above qualify for 100% accelerated writeoff* for capital allowances [as per the Income Tax (Automation Equipment) Rules 2004 and Income
Tax (Automation Equipment) (Amendment) Rules 2010]

The Market Readiness Assistance (MRA) Grant is designed to help your overseas expansion start off on the right foot by supporting pre-determined activities for:

– Overseas Market Set-up
– Overseas Business Partners
– Overseas Market Promotion

Online marketing activities are considered as one of the supportive activities.

The scheme support 70 % of the eligible cost for activities listed above, capped at S$20,000 per company per fiscal year. Maximum of two applications per fiscal year, starting on 1 April and ending on 31 March the following year.

For more details: Market Readiness Assistance (MRA) Grant

For website development costs:

From YA 2014 to YA 2018 :
PIC benefits may be claimed on capital expenditure incurred on developing a website, including costs incurred for the one-time registration of a domain name for the website.

From YA 2011 to YA 2013 :
Website development costs do not qualify for PIC benefits. However, if you are able to give a breakdown of the website development costs, PIC benefits may be granted on costs incurred for software application and hardware such as server, which are included in the PIC list.

Kindly refer to PIC for website design and development for more information

Fees paid for web hosting services do not qualify for PIC benefits. However, if you are able to provide a breakdown of the web hosting fees, PIC benefits may be granted on costs incurred for the acquisition/leasing of PIC IT and Automation Equipment such as software and server.

As a concession, IRAS will only accept the bundled items as part of qualifying expenditure when the bundled items are incidental costs.

Bundled items are regarded as incidental when the value of the bundled non-qualifying items is:

1. Less than 10% of total value of sales/lease package; and
2. Less than $3,000

For more details: Treatment of Bundled Items