Bona Technologies Holdings Pte Ltd
(+65) 9679 6966 | (+65) 8188 9728 | (+65) 9047 0443 | (+65) 3157 5838 | it@bona.com.sg
Suntec Tower Two 9 Temasek Boulevard #29-01 Singapore 038989

Available IT Funding

Productivity and Innovation Credit

400% Tax Deduction/Allowance - How it works
Businesses can enjoy 400% tax deduction/allowances on up to $400,000 of their expenditure per year in each of the six qualifying activities, instead of the 100% deduction/allowances under the existing tax rules.

Cash Payout Option - How it works
Eligible businesses can apply to convert up to $100,000 of their total expenditure in all the six qualifying activities into a non-taxable cash payout.

Can my business claim enhanced allowance on the development of software in Singapore?
If the software is developed for business use, enhanced allowance can be claimed on the development costs.

Will expenditure incurred on upgrading of software fall under PIC Automation Equipment?
Yes, expenditure incurred on software upgrades qualifies for enhanced allowance.


iSPRINT Funding For Packaged Solutions If you are planning to implement an infocomm solution to improve your business operations, you can contact IDA to get advice on the assistance that is suitable for your infocomm project.

Eligiblity and Grant info
70% of qualifying costs; grant quantum determined on case-by-case basis


The Innovation & Capability Voucher (ICV) is a simple to apply,

Easy-to-use voucher valued at $5,000, to encourage SMEs to take their first step towards capability development.

SMEs can use the voucher to upgrade and strengthen their core business operations through innovation & technology.

Apart from consultancy, ICV also supports SMEs in the adoption and implementation of simple solutions to improve business efficiency and productivity.

SMEs can use the ICV to implement productivity solutions under the supportable cost categories of technical solutions.

Bona Technologies Group of Companies | Bona Technologies Holdings Pte Ltd | Bona Technologies LLP | Bona Technologies ERP | Bona Technologies LLP
Singapore OpenERP Solutions | Point of Sales | Customized Software | Singapore Websites | Singapore Databases | Tan Gia Ba Advertising and Software Solutions Company Vietnam

(+65) 9679 6966 | (+65) 8188 9728 | (+65) 9047 0443 | (+65) 3157 5838 | it@bona.com.sg
Suntec Tower Two 9 Temasek Boulevard #29-01 Singapore 038989