Taiwan's Legislative Yuan recently approved amendments to the Statute for Industrial Innovation to expand incentives for AI, energy conservation, carbon emission reduction, and startups. This includes an expansion of the scope of the investment tax credit to include investments in AI, energy conservation, and carbon emission reduction, with other qualifying investments retained, such as investments in smart machines, 5G systems, and cyber security. Further, the investment credit cap is increased from TWD 1 billion to TWD 2 billion, and the incentive is extended to 31 December 2029. With respect to startups, amendments include an increase in the maximum deduction for...