Taiwan's National Taxation Bureau of Taipei issued on 26 August 2019 a notice on the requirements for the tax credit incentives provided for the biotech and new pharmaceuticals industry. --- Notice for the Application of R&D and Shareholder Investment Tax Credits as Prescribed in Act for the Development of Biotech and New Pharmaceuticals Industry National Taxation Bureau of Taipei (hereinafter referred to as the NTBT), Ministry of Finance expressed that the companies whose application for status of biotech and new pharmaceutical companies (hereinafter referred to as the BNP) is approved by Ministry of Economic Affairs (hereinafter referred to as MOEA)...