Taiwan's Ministry of Finance has issued a notice on the extension of the tax incentive for SMEs that raise employee salaries for junior employees on indefinite-term contracts who earn below TWD 63,000 per month. If SMEs increase the average pay for qualifying junior employees, they can deduct up to 175% of the incremental salary costs from their profit-seeking enterprise income tax. The incentive policy is effective retroactively from 1 January 2024 until 31 December 2033. The specified salary amount applies for 2024 and 2025, and may change in future years. --- Tax Incentives for SMEs Raising Salaries Extended To encourage...