Taiwan's Ministry of Economic Affairs has reportedly issued the investment requirements for the R&D and advanced manufacturing equipment tax credits. As previously reported, Taiwan amended the Industrial Innovation Act to provide increased tax credits for investment in R&D and advanced manufacturing equipment with effect from 1 January 2023 to 31 December 2029. The amendments include a 25% tax credit for qualifying investment in R&D (up from 15%) and a 5% tax credit for investment in equipment used in advanced manufacturing processes. Conditions for the tax credits include that a company's R&D investment (expenditure) and R&D intensity (ratio of R&D expenses...