Taiwan's Ministry of Finance Clarifies that Personnel Must be Exclusively Engaged in R&D to Qualify as Eligible Expenditure for Investment Tax Credits

Taiwan's Ministry of Finance has issued a notice to clarify that full-time personnel must be exclusively engaged in R&D work to qualify as eligible expenditure for investment tax credits.
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Salaries of Full-Time Personnel Not Exclusively Engaged in R&D Work Shall Not Be Classified as R&D Expenditures Eligible for Investment Tax Credits
To advance industrial innovation and enh…