Taiwan MOF Clarifies Eligibility for R&D Income Tax Credit for Salary Expenses

The Taiwanese Ministry of Finance Aug. 21 clarified eligibility for the income tax credit for salary expenses related to R&D personnel in Taiwan, under the Statute for Industrial Innovation. The clarification includes that: 1) companies and limited partnerships can apply for the credit, which is limited to the salaries of full-time personnel specializing in R&D; 2) such personnel are those assigned to a unit within the entity that is dedicated to R&D activities, or those assigned to a non-R&D unit but who are actually engaged in R&D activities; and 3) administrative personnel within an R&D unit aren’t qualifying personnel whose ...