Taiwan Gazettes Order Amending Individual Income Tax Rules for Investments in High-Risk Startup Companies

The Taiwanese Executive Yuan Gazette Nov. 27 published Ministry of Economic Affairs Order No. 11451033750 and Ministry of Finance Order No. 11404669500, amending individual income tax rules for investments in high-risk startup companies. The order includes measures: 1) allowing individuals to deduct up to 50 percent of cash investments in approved domestic high-risk startups from comprehensive income, provided that shares are held for at least three years and minimum investment and annual cap requirements are met; 2) requiring startups to submit specific documents and meet deadlines for recognition and capital increases; 3) mandating investment funds be used for approved business ...