PIC Cash Payout

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The eligible SMEs can apply to convert up to $100,000 of their total qualifying expenditure into non-taxable cash payout every year, instead of claiming tax deduction. Businesses can claim up to 40% cash payout from YA 2011 to 2018. This grant aims to help small and rising business that face financial problems. These business with limited financial resource can convert their qualifying expenditure into a cash payout to invest in innovation technology or upgrade their business operations.