Taiwan Gazettes Order Amending Regulations on Tax Incentives for Venture Capital Enterprises of Limited Partnerships

The Taiwanese Executive Yuan Gazette Nov. 20 published Ministry of Finance Order No. 11404665550, amending regulations on tax incentives for venture capital (VC) enterprises of limited partnerships. The order includes measures: 1) allowing newly established VC enterprises with annual capital contributions and cumulative investments in domestic start-ups established for less than five years, and with at least 50 percent of the cumulative investment used for qualifying domestic or foreign companies by the second year, to apply for tax incentives under the Industrial Innovation Act; 2) setting a 50 percent ratio for the proportion of a VC enterprise’s annual funds invested ...