Page 15 - Biomedicine

Item Incentives

Foreign Special ● Foreign special professionals who meet criteria are eligible for
Professionals a 50% deduction of total income tax for amounts exceeding
NT$3 million.

Setting up ● Companies that set up operations in export processing zones,
operations in science industrial parks, or free trade ports are eligible for
industry parks exemptions on import duties, commodity tax, and business tax
for the import of machinery and equipment, ingredients, fuel,
materials, and semi-finished products for their own use.

Others ● Companies that use undistributed earnings to engage in
substantive investments may exclude the amount when
calculating their profit-seeking enterprise income tax.

2 Subsidies

1.The Global R&D Innovation Partner Program
Some foreign companies have a high degree of complementarity with Taiwan's
industries. To encourage them to engage in R&D and innovation activities in Taiwan,
such companies, after gaining approval from the MOEA, will be eligible for subsidies
of up to 50% of total R&D expenditures if they: (1) have technologies that are not
yet mature in Taiwan or overseas, and could create strategic products, services, or
industries over the course of future industrial development; (2) have potential to help
Taiwan produce leading technologies or significantly enhance the competitiveness
and increase the added value of important industries; or (3) engage in key and
common technology R&D, vertical or horizontal technology integration, and can create
an industrial value chain.

2.Integrated R&D Program

Companies, once approved by the MOEA, will be eligible for subsidies of no less
than 40% but no more than 50% of total project funding if they: (1) engage in key and
common technology R&D, vertical or horizontal technology integration, and can create
an industrial value chain; (2) establish industry standards, protocols, or platforms; or (3)
establish applications, services, and innovative business and marketing models with
technological content, and increase industry's added value.

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