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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 2…

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