Productivity Innovation Scheme (PIC) for Local Businesses - WiFi Rental for SG Events & Corporate - Top Rated by 50+ Testimonials

Productivity Innovation Scheme (PIC) for Local Businesses

As part of the government initiative to spur local productivity, local business can enjoy 60% cash rebate or up to 68% tax savings (400% tax deduction X 17%) on the rental price of our portable Wi-Fi hotspot device (which qualifies as a Prescribed PIC Automated Equipment – Data Communication and Networking Equipment).

 

Scenario: Your local company rents Rentafi’s Portable Wi-Fi Hotspot Device and incurs S$500 rental charge. Your company can claim S$300 (60%) cash rebate* from Singapore Tax Authority (IRAS). Net cash paid for renting our device = S$200.

*Please refer to IRAS website for more details.

 

PIC BONUS (Latest Update from Budget 2013)

For a local business which incurred at least S$5,000 in PIC qualifying expenditure, the Singapore Government will give a dollar-for-dollar matching cash bonus for 3 years (on top of the 60% cash rebate or tax saving of up to 68%, as highlighted above). This is subjected to an overall cap of S$15,000 for all 3 years combined*.

Scenario: Your local company rents our portable Wi-Fi hotspot device and incurs S$500 rental charge. Your local company also incurred other qualifying PIC expenditure of S$9,500. Total qualifying PIC expenditure = S$10,000.

PIC Bonus

*Please refer to IRAS website for more details.

 

Rentafi’s comments on PIC

 

1. With the new PIC bonus, the Singapore government is giving out a 60% cash reward to local companies which are making a meaningful investment of at least S$5,000 in spurring productivity!

2. The maximum reward is capped at S$9,000 (60% of the S$15,000 cap).

3. Our portable Wi-Fi hotspot device is highly recommended for events, conferences and outdoor exhibitions which require high-speed internet connection. It will greatly improve the productivity and effectiveness of your event.

4. For companies which are hosting foreign business associates, do consider renting our high-speed device for your foreign guests who will definitely need internet connection. This will build goodwill and foster strong relationships for your company!

5. Improve productivity, be a good host and enjoy 60% cash reward from the Singapore Government now!

 

Please contact us if you would like to rent portable Wi-Fi hotspot devices for your events or for your overseas business associates who are visiting Singapore, and enjoy the tax savings at the same time!