Productivity & Innovation Credit for Investments in Design
The Productivity & Innovation Credit (PIC) was introduced in the 2010 Singapore Budget to give companies significant tax deductions on investments in six key activities along the innovation value chain. One of the key activities is design.
The PIC for Investments in Design (PIC for Design) is a tax deduction or cash payout scheme managed by the DesignSingapore Council. It encourages pervasive and continuous design innovation in companies in Singapore by giving tax deductions (which may be converted into cash payouts) on investments in design activities. The PIC for Design is tailored for companies with eligible in-house designers and/or who engage eligible design service providers.
Find out more about the Productivity & Innovation Credit for Investments in Design
For enquiries, please contact:
Design for Enterprises Centre
Ministry of Information, Communications and the Arts
140 Hill Street, 1st Storey, Old Hill Street Police Station, Singapore 179369
Tel: (65) 6333 3737 (Weekdays from 9:30am to 5:30pm)