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.
---
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 enhance industrial competitiveness, companies or limited partnerships that have not committed any major…