Taiwan's Ministry of Finance has issued a release clarifying that both a tax credit and deduction for substantive investment may be claimed for investment in smart machines and 5G systems --- Double tax cuts for investment in smart machines and 5G system The National Taxation Bureau of the Southern Area, Ministry of Finance indicates that under the Statute for Industrial Innovation, businesses investing in smart machines and 5G-related equipment or technology, in addition to tax credit for investment in smart machines and 5G, may also apply for deduction of substantive investment from tax base of undistributed earnings. The tax cut...