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5 115350 Singapore workforce 13-Sep-2010 Course fee for ACTA External training 1 460.00
development agency
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Singapore workforce
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Interpret the SWSQ framework, Apply adult
8 5643 Singapore Training & 2-Nov-2010 learning principles & code of ethics, Prepare & External training 1 345.00
development association facilitate classroom training
Page 1 of 25
NO INVOICE NO. VENDOR NAME INVOICE DATE DESCRIPTION TYPE QTY UNIT PRICE
(SGD)
12 H20100029706 Hitachi 25-Apr-2010 Copier -lease rental Lease of prescribed 1 258.00
automation equipment
Lease of prescribed
13 H20100043246 Hitachi 25-May-2010 Copier -lease rental automation equipment 1 258.00
21
22
23
24
25
26
27
28
29
30
31
Page 2 of 25
NO INVOICE NO. VENDOR NAME INVOICE DATE DESCRIPTION TYPE QTY UNIT PRICE
(SGD)
32
33
34
35
36
37
38
39
40
41
42
43
44
45
46
47
48
49
50
51
Page 3 of 25
NO INVOICE NO. VENDOR NAME INVOICE DATE DESCRIPTION TYPE QTY UNIT PRICE
(SGD)
52
53
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57
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60
61
62
63
64
65
66
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70
71
Page 4 of 25
NO INVOICE NO. VENDOR NAME INVOICE DATE DESCRIPTION TYPE QTY UNIT PRICE
(SGD)
72
73
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76
77
78
79
80
81
82
83
84
85
86
87
88
89
90
91
Page 5 of 25
NO INVOICE NO. VENDOR NAME INVOICE DATE DESCRIPTION TYPE QTY UNIT PRICE
(SGD)
92
93
94
95
96
97
98
99
100
Page 6 of 25
YA
uipment 2011
2012
2013
2014
t variety registration
- -
Enhanced
Cost YA
Deduction
2011
2011
2011
2011
2011
2011
2011
2011
2011
2011
2011
Page 7 of 25
Cost Enhanced YA
Deduction
2011
2011
2011
2011
2011
2011
2011
2011
- -
- -
- -
- -
- -
- -
- -
- -
- -
Page 8 of 25
Cost Enhanced YA
Deduction
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Page 9 of 25
Cost Enhanced YA
Deduction
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Page 10 of 25
Cost Enhanced YA
Deduction
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Page 11 of 25
Cost Enhanced YA
Deduction
- -
- -
- -
- -
- -
- -
- -
- -
- -
Page 12 of 25
PRODUCTIVITY AND INNOVATION CREDIT SCHEDULE
Company Name: GATEWAY21 Pte Ltd
YA: 2011
Data
Business
Name: GATEWAY21 Pte Ltd
Amount
PIC ACTIVITY
(SGD)
In-house training -
External training -
Page 14 of 25
Client: GATEWAY21 Pte Ltd
Amount
PIC ACTIVITY
(SGD)
Kindly complete and sign this form and mail the original copy to Venture Platform Pte Ltd
Tax Deduction
1 The Client is responsible for including the 'Enhanced Deduction/Allowances' in their tax computation to arrive at the
taxable income to enjoy the benefits of PIC.
2 Please refer to the Sample Form C Appendix (IRIN 301)- page 2 'Section E' for the enhanced deduction amount. Please
copy the figure to your original Form C.
3 Details for each PIC activity is included only for your reference. You may refer to the details in the schedule in
preparing your tax computation and related supporting documents.
Cash Payout
1 Choosing 'Cash Payout' is irrevocable and no claim should be made on the tax return for the qualifying costs to be
converted to cash payout.
2
The PIC Cash Payout Application form must be filled out and signed by authorised person in the company.
-for companies: company director or principal officer or person authorised by the company
-for partnerships: precedent partner
3 The client undertakes to submit their certified statement of accounts together with the income tax returns to IRAS by
filing due date. Otherwise, IRAS may recover the cash payout.
4 The assets for which the business has claimed the cash payout have to be held for at least 1 year. If assets are
disposed within a year, Disposal of Qualifying Assets Form must be submitted within 30 days from the date of
disposal/lease. IRAS may issue a Payout Recovery notice informing you to repay the cash payout.
Note: The 'Estimated Savings From Enhanced Deduction' and 'Estimated Cash Payout' amounts are subject to IRAS approval and any changes in
tax rules and regulations.
Page 15 of 25
Designation: Signature:
Date:
Page 16 of 25
34000
Productivity and Innovation Credit (PIC) Tax Deferral Form
This form may take you 10 minutes to complete. Please refer to www.iras.gov.sg - PIC Tax Deferral Option before completing this form.
10
Part C - Declaration
1. I elect to defer the tax till the first assessment for the following Year of Assessment is raised and will pay the amount when
IRAS informs me that it is due.
2. I understand that the amount of tax that can be deferred is the lower of the tax payable and the qualifying PIC expenditure
incurred, subject to a cap of $100,000.
3. I declare that I have met the qualifying conditions for PIC claims and that the information given in this form is true and
complete.
4. For partnerships only: I declare that all partners of the partnership agree to the share of tax to be deferred as stated in
Part D - Partners' Tax Deferral.
D Exemption on Foreign Dividends, Branch Profits and Service Income Received in Singapore
Nature of Country Headline tax rate Amount of income received in Income subject to Income exempt from
income (%) Singapore tax in the country tax as a result of
(Net of foreign tax paid/ payable) from which it was incentive granted by
received foreign jurisdiction *
S$ (Yes = 1 No = 2) (Yes = 1 No = 2)
(see Note 7) (see Note 8) (see Note 9) (see Note 10) (see Note 10)
20a
20b
20c
* To complete only if "2" is indicated under the column "Income subject to tax in the country from which it was received".
S$ S$
i) Full name of
individual:
iii) Total number of sole-
ii) Tax reference no. proprietorship for which I am
of individual: claiming cash payout:
3. Employee information:
If the business has 10 or less employees (excluding sole-proprietors, partners and shareholders who are directors of
the company) in the last month of the accounting period, please mark "X" in the box.
Please provide details of any 3 local employees for whom the business has made CPF contributions in the last month of
its accounting period.
Name: NRIC:
Name: NRIC:
Name: NRIC:
33000/2011
Under the Singapore Income Tax Act, penalties will be imposed for making a false or incorrect declaration.
For Office Use 1 2
33000/2011
33000/1
Productivity and Innovation Credit Cash Payout Application Form
ANNEX A1
(Prescribed Automation Equipment / Training / Intellectual Property Rights Acquisition / Patents,
Trademarks, Designs and Plant Varieties Registration)
TAXPAYER PARTICULARS
Year of Assessment of claim: 2011
Qualifying
Date incurred*
No. Description of Qualifying PIC Expenditure PIC Activity cost incurred
(dd/mm/yyyy)
(in S$)
Qualifying
Date incurred*
No. Description of Qualifying PIC Expenditure PIC Activity cost incurred
(dd/mm/yyyy)
(in S$)
TOTAL $
TOTAL $
Explanatory Notes on completing the
Productivity and Innovation Credit (PIC) Cash Payout Application Form
Important:
The original PIC Cash Payout Application Form must be endorsed by the authorised person and sent to
55 Newton Road, Revenue House, Singapore 307987. Facsimile or photocopy of the application form will NOT be accepted.
1. Submission due date - 15th April for sole-proprietors / partnerships and 30th November for companies
The application form and relevant annexes has to be submitted anytime after the end of your business' accounting year and
before the filing due date of the tax return (i.e. 15th April for sole-proprietors / partnerships and 30th November for companies).
2. Businesses eligible for cash payout
Sole-proprietors, partnerships, companies (including registered business trusts) in business that have employed and made
Central Provident Fund (CPF) contributions for at least 3 employees who are Singapore Citizens/Permanent Residents during
the last month of its accounting period. These employees must not be the sole-proprietors, partners and shareholders who are
directors of the company.
If you require further clarification, please call our helpline at 1800-356 8622 (for companies) /
(+65) 6351 3534 (for sole-proprietorship/partnership) or send an email to picredit@iras.gov.sg.
Visit www.iras.gov.sg for more information on Productivity and Innovation Credit.