Page 14 - CircularEconomy

To support innovative R&D programs for resource recycling and reuse,
the Environmental Protection Administration has provided subsidies since
2012 to corporations with capacity for R&D, firms that handle recyclable waste,
and private-sector waste disposal entities. The Ministry of Finance has also
issued the "Regulations Governing Application of Investment Tax Credits for the
Purchase of Equipment and Research Expenditures for Resource Recycling"
on July 31, 2007 in accordance with Article 23, paragraph 2 of the "Resource
Recycling Act." The Regulations apply to the types of businesses described in
Article 15, paragraphs 2 and 4 of the "Resource Recycling Act." Entities that meet
the aforementioned requirements may also apply for related tax reductions and
exemptions.
In the future, the government shall continue to assist companies in actively
driving the transformation of production and consumption, so as to solve the
problems of resource scarcity and waste pollution at the source. This approach
will provide brand-new business models, profit models, and job opportunities to
create value for the circular economy.

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