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PIC Scheme Enhancements Beneficial for F&Bs

In Budget 2013, the Government announced several enhancements to the Productivity and Innovation Credit scheme that are excellent news for F&B operators. This is the best time to acquire commercial kitchen equipment!

See how the following changes can help you:

 

  • Automated kitchen equipment for the purpose of food processing, food preparation or for food and beverage-related operations will qualify for PIC from YA2013. This means a wider range of food equipment can now be claimed for without having to wait 2-months for the lengthy approval.
  • Additional PIC Bonus gives F&B operators a dollar-for-dollar matching cash bonus for YA2013 to YA2015, subject to a minimum investment of $5,000 in PIC-qualifying expenditure and an overall cap of $15,000 for all 3 YAs combined. This is on top of the existing 400% tax deductions and/or 60% cash payout. This means you get more cashback for the automated food equipment you purchase!
Some of the equipment that our customers have successfully claimed*:
  • Combi ovens with automated washing system
  • Vacuum packaging machines
  • Vegetable processors
  • Dishwashers
  • Glassware washers
  • Automatic slicers
  • Blast freezers
  • Bun dividers
  • Potato peelers
Call us for more information about your commercial kitchen equipment needs!
*Disclaimer: We cannot be held responsible for unsuccessful claims by companies.