Partner with Grid_Synergy for Help in Gaining Productivity and Innovation Credit (PIC) Grant

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Grid_Synergy is a transmedia studio which specializes in animation, corporate video production, educational video production, e-learning, graphic design, movie production, video marketing and video production, web video production services and website design and search engine optimization for companies and institutions in Singapore.

It consists of a creative team which ignites passion, pushes boundaries and brings creativity, dedication and energy to every project. They challenge the status quo and shifts typical perceptions into something unique and fresh to eyes of the consumer.  And they make this possible by telling engaging and compelling stories across multiple media platforms.

Apart from the aforesaid services on designs and production, Grid_Synergy likewise helps companies to gain their PIC or ‘Productivity and Innovation Credit’ grant. The PIC scheme supports investments in Innovation and Productivity. Business can enjoy huge tax savings in the form of Cash Payout and/or Tax Deduction when they invest in any of these six productivity improvement activities:
1) Acquisition or leasing of PIC Automation Equipment
2) Acquisition of Intellectual Property Rights
3) Training of Employees
4) Registration of Patents Trademarks, Designs and Plant Varieties
5) Research & Development Activities
6) Investment in Design Projects Approved by the Design Singapore Council

The PIC Grant is provided by IRAS (Inland Revenue Authority of Singapore) to help companies improve on productivity and innovation. It encourages businesses to make use of technology to improve business operations and hence cut down on manpower costs. It also boosts tax savings.

Under the PIC Scheme, businesses can enjoy 400% tax deductions or allowances or 60% cash payout for investments made in any of the Six Qualifying Activities from the Years of Assessment (YAs) 2013 to 2018.

From YAs 2013 to 2015, businesses can also enjoy a PIC Bonus. This is a dollar-for-dollar matching cash bonus capped at $15,000, given on top of the existing tax deduction/allowance and/or cash payout.  As announced in Budget 2015, PIC Bonus will expire in YA 2015.

Grid_Synergy encourages interested parties who would like to gain more information on PIC grant on YA2015 by contacting them on their helpline for companies which is +65 6779 1815 or through email at inquiry@gridsynergy.sg

Grid_Synergy works closely with its clients and partners to craft digital solutions and help them connect to their customers more effectively. They deliver media products that will successfully put across the message every corporation wants to express by being sensitive to up-and-coming trends and by working in tandem with its partners.

About the company:

Grid Synergy is a transmedia studio which specializes in animation, corporate video production, educational video production, e-learning, graphic design, movie production, video marketing and video production, web video production services and website design and search engine optimization for companies and institutions in Singapore. For more information, visit: www.gridsynergy.sg.

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