Taiwan Issues Notice on Requirements for the Tax Credit Incentives Provided for the Biotech and New Pharmaceuticals Industry

Taiwan's National Taxation Bureau of Taipei issued on 26 August 2019 a notice on the requirements for the tax credit incentives provided for the biotech and new pharmaceuticals industry.

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Notice for the Application of R&D and Shareholder Investment Tax Credits as Prescribed in Act for the Development of Biotech and New Pharmaceuticals Industry

National Taxation Bureau of Taipei (hereinafter referred to as the NTBT), Ministry of Finance expressed that the companies whose application…