(February 17, 2015)

On February 17 the Inland Revenue Authority of Singapore (IRAS) issued a press release announcing that it introduced PIC (Productivity & Innovation Credit) cash payout eServices. According to the press release tax payers can now log in to their Singaporean “my Tax Portal” to:

·       Apply for PIC cash payout;

·       Check the status of its/their PIC cash payout;

·       View its/their PIC cash payout notices

According to the press release two methods exist to apply for PIC cash payout. The first one is to do so by applying via “my Tax Portal”. It however is also possible to apply via submitting  an original (not a photocopy), printed and signed PIC cash payout application form.

The press release also contains an instruction on how to apply for PIC cash payout and how to check your PIC cash payout application status. The press release issued by the IRAS also contains several links. One of these links is a link to a so-called step-by-step guide for more information on viewing your PIC cash payout application status.

Click here to be forwarded to the press release as issued by the IRAS in this respect.

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