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2025-05-01T12:03:04Z

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==Procedure==
'''Apply online '''
#To Apply for PIC cash Pay-out, the applicant has to make the application in Central Provident fund board or tap the following [https://saml.singpass.gov.sg/spservice/welcome link]
#The applicant has to log in with their Sing Pass app.
#:'''Note:''' If the applicant doesn’t have singpass app he/she can download app from the app store.
#The applicant has to fill in all the necessary information in the application form (Incomplete application form are not accepted).
#The applicant has to upload all the necessary documents that are mentioned in the “Required Documents” section of this page.
#After uploading the documents review the application and click submit.
#Fee payment details are mentioned in the “Fees” section of this page.
#The authority will review the application and contact the applicant via email or SMS.
#The processing time of the application takes up to 3 months.
 
:'''Note''': [https://www.iras.gov.sg/digital-services/others/corppass link] use the following link for step-by-step guideline for this online procedure.
 

==Required Documents==
*ID proof
*Address proof
*Completed form
*Fee receipt
*Tax document
*Company detail document (if required)
 
 
==Office Locations & Contacts==
'''INLAND REVENUE AUTHORITY IN SINGAPORE ''' 
55 Newton Rd, 
Revenue House, 
Singapore 307987 
Contact - +6518003568300 
Website [http://www.iras.gov.sg/ link] 
Location [https://www.bing.com/maps?q=inland+revenue+authority+singapore&FORM=HDRSC4 link] 
Contact [https://www.iras.gov.sg/contact-us link] 
 

==Eligibility==
Any company or partnership has to first authorise an employee, business owner (director or partner) or a third party, such as a tax agent, for 'PIC Cash Pay-out' are eligible to make this application. 

 
==Fees==
For more details, please check the following [https://www.iras.gov.sg/taxes/corporate-income-tax/specific-topics/productivity-innovation-credit-(pic)-scheme/How-to-Apply-for-PIC-Cash-Payout link] 
 

==Validity==
Explain the time until which the certificate/document is valid.
e.g. Birth Certificate Valid Forever
 
 
==Documents to Use==
Please attach documents that can be used by people. e.g. links

 
==Sample Documents==
Please attach sample completed documents that would help other people.
 
 
==Processing Time==
*The processing time for this procedure takes up to Inland Revenue Authority of Singapore (IRAS) strives to disburse the cash pay-out within 3 months of receiving your complete application. In most cases, IRAS processes the applications within 6 weeks.

 
==Related Videos==
Videos explaining the procedure or to fill the applications.
Attach videos using the following tag <&video type='website'>video ID|width|height<&/video&> from external websites.
Please remove the '&' inside the tags during implementation.
Website = allocine, blip, dailymotion, facebook, gametrailers, googlevideo, html5, metacafe, myspace, revver,
sevenload, viddler, vimeo, youku, youtube
width = 560, height = 340, Video ID = Can be obtained from the URL of webpage where the video is displayed.
e.g In the following url 'http://www.youtube.com/watch?v=Y0US7oR_t3M' Video ID is 'Y0US7oR_t3M'.
 
 
==Instructions==
*Applicants must complete the application form before submitting it. Incomplete applications will not be accepted.
*Applicants must provide genuine information while applying for this procedure.
 
 
==Required Information==
*Name
*Nationality
*Resident Status
*National Registration Identity Card (NRIC) /''' '''Foreign Identification Number (FIN)/Passport No
*Employment Pass
*Date of Birth
*Gender
*Residential Address
*Residential No
*Mobile No
*Email Address
*Educational Qualifications
*Work Experience

 
==Need for the Document==
Under the Productivity and Innovation Credit (PIC) scheme, businesses (sole proprietorships, partnerships, companies (including registered business trusts), registered branches and subsidiaries of a foreign parent or holding company) can enjoy 400% tax deductions/ allowances for qualifying expenditure incurred in any of the 6 qualifying activities from YAs 2011 to 2018. 

 
==Information which might help==
For more information [https://www.iras.gov.sg/taxes/corporate-income-tax/specific-topics/productivity-innovation-credit-(pic)-scheme link] 
[https://www.iras.gov.sg/media/docs/default-source/uploadedfiles/pdf/essential-info_cash-payout-e-service.pdf?sfvrsn=14563f55_2 link] 

 
==Other uses of the Document/Certificate==
Please explain what are other uses of obtaining this document/certificate.
e.g. Birth Certificate can be used as proof of identity.

 
 
==External Links==
Place some external links which might help.
 
==Others==
More information which might help people.
 

[[Category:Singapore]]

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