Taiwan's Ministry of Finance has announced that subsidies received by companies impacted by COVID-19 are exempt from income tax. --- Profit-seeking Enterprises Affected by COVID-19 Are Exempt from Income Tax on Subsidies Provided by the Government. Minxiong Office, National Taxation Bureau of the Southern Area, Ministry of Finance indicated that, in accordance with Article 9-1 of the Special Act for Prevention, Relief and Revitalization Measures for Severe Pneumonia with Novel Pathogens (hereinafter as "the Act"), income tax shall be waived for subsidies, support, allowances, incentives, or compensation provided by the government to individuals or entities affected by the severe pneumonia...