Singapore Budget 2015: PIC bonus scheme for SMEs will not be extended after this year

SINGAPORE - The Government announced that the Productivity and Innovation Credit (PIC) Bonus scheme will not be extended after this year as it said the transitional measure has been successful in spreading the culture of productivity amongst small and medium enterprises (SMEs.)

Instead, the Government will introduce additional measures to support innovation and internationalisation, Deputy Prime Minister and Finance Minister Tharman Shanmugaratnam said in his Budget Statement on Monday.

Get all the updates from Budget 2015 here.

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