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Productivity and Innovation Credit (PIC Grant)


Productivity and Innovation Credit (PIC Grant):
Applicable for Singapore Registered Companies


PIC Grant for Web Design and Web Development

Enjoy 400% tax deductions or allowances and/or a 40% cash payout on investments in productivity and innovation! PIC Grant is a government credit scheme by the Inland Revenue Authority of Singapore (IRAS) aimed at encouraging productivity and innovation activities in Singapore. The grant is applicable to expenditure made in any of the six qualifying activities:

  1. Acquisition and Leasing of PIC IT and Automation Equipment
  2. Training of Employees
  3. Acquisition and Licensing of Intellectual Property Rights
  4. Registration of Patents, Trademarks, Designs and Plant Varieties
  5. Research and Development
  6. Design Projects

As an industry leader in web design and development with over 1000 active clients, Verz Design has an established track record in delivering IT productivity and innovation to businesses of any scale. Being an ISO 9001:2008 certified company, Verz Design meets universal standards in efficient management processes and stellar customer service.

We can undertake projects along the following areas eligible for PIC:


Web development


Web design on Content
Management System


eCommerce system


Customised web app development


IT solutions including but not limited to: inventory management, CRM, customer registration, ordering and reservations.


Mobile app development


Common questions posed by SME business owners:

Who should be applying for PIC?
As the name implies, the Productivity and Innovation Credit (PIC) is for businesses looking to optimise productivity or boost revenues through innovation.
Am I still eligible for PIC if I apply for other grants (e.g. CDG)?
Yes, you can apply for PIC grant for the remaining amount not covered by parallel grants.
Can I pay the service vendor after the grant is disbursed?
Upon completion of the project, the Auditor will verify that all the work has been delivered and the fees are paid out to the service provider. If the fees are not paid up to the service provider, then the grant will not be disbursed.
How do I apply for PIC?
You may refer to this link for details.

Once application is made, you may monitor its status here.


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