Skip to content
OrbitaxOrbitax

Taiwan Ministry of Finance Reminds Biotech and Pharmaceutical Companies to Submit Applications for Shareholder Investment Tax Credits

|Approved Changes|Taiwan
Taiwan

Taiwan's Ministry of Finance has issued a reminder on the application deadline for investors to claim the investment tax credit for investing in biotech and pharmaceutical companies, which may be claimed under Article 7 of the Act for the Development of the Biotech and Pharmaceutical Industry. The investment credit allows profit seeking enterprises to reduce their income tax payable by up to 20% of the total subscription price paid for shares in qualifying biotech and pharmaceutical companie…

Continue reading with a Pro Subscription

Unlock full Orbitax Tax News content, including a historical database of tax news, alerts, and analysis from our network of tax experts, all tailored to your company footprint. Now includes Orbitax XatBot AI Tax Assistant.

Free trial available. Cancel anytime. Free Orbitax account required.

Already a Pro or Pro+ subscriber? Sign in to Orbitax to continue reading.