Taiwan Sets Investment Requirements for R&D and Advanced Manufacturing Equipment Tax Credits

Taiwan's Ministry of Economic Affairs has reportedly issued the investment requirements for the R&D and advanced manufacturing equipment tax credits. As previously reported, Taiwan amended the Industrial Innovation Act to provide increased tax credits for investment in R&D and advanced manufacturing equipment with effect from 1 January 2023 to 31 December 2029. The amendments include a 25% tax credit for qualifying investment in R&D (up from 15%) and a 5% tax credit for investment…