Productivity and Innovation Credit Common Mistake

Businesses can only claim for expenditure on prescribed IT and automation equipment, i.e. equipment listed in the PIC IT and Automation Equipment List . The following items are not prescribed IT and automation equipment and cannot be claimed:

Air-conditioning unit purchased from retail store
Motor vehicle
Motorcycle
Furniture and fittings
Renovation and refurbishment cost (e.g. cost paid to install office workstation)
Digital camera
Closed circuit TV (CCTV)
Uninterrupted power supply (UPS)
Freezer/chiller/refrigerator
Refrigerated display

If an equipment your business has invested in/plans to invest in is not in the prescribed list but automates or mechanises your business processes, you can request IRAS' approval for the equipment to qualify for PIC. Approval is granted on a case-by-case basis. Upon approval and having incurred the expenditure on that equipment, you may proceed with the PIC claim.