Are you looking to differentiate your company through innovative ideas? Is your target product or process unique to the market? You maybe undertaking "R&D" activities that can give you tax rebates.
Join us in this session to learn about the Research and Development (“R&D”) tax incentive of the Productivity and Innovation Credit (“PIC”) scheme. Companies can access up to $60,000 of cash payout and claim 400% tax deduction on up to $400,000 of qualifying R&D expenditure per year of assessment (“YA”), until YA 2018. For SMEs, this cap is increased to $600,000 per YA for YA 2015 – 2018. Further, expenditure exceeding the cap can be deducted at 150%, with no limit on the deductions claimed. This is a broad-based scheme aimed at supporting all industries.
We will go through the eligibility requirements and how SMEs can access the R&D tax incentives / cash payout.
Presenter:
Lee Bo Han - Manager, R&D Tax Incentives, KPMG Tax Services Pte Ltd
Bo Han was a Biomedical scientist in a leading medical research institute in Australia before joining KPMG’s R&D Tax practice. He has extensive experience in the area of R&D Tax Incentive consulting with a client portfolio that includes multi-national companies and SMEs. He has serviced a broad range of industries including information technology, manufacturing, pharmaceutical and engineering.
