Taiwan's Legislative Yuan approved a number of amendments to the Statute of Industrial Innovation in November 2017 that provide for increased incentives. One of the main changes is that taxpayers that derive income from the transfer or licensing of IP rights developed through their own R&D may deduct up to 200% of current year R&D expenditure from taxable income, limited to the total amount derived from the IP rights for the year. Otherwise, a tax credit equal to 15% of R&D expenditure for the year may be taken, limited to 30% of tax payable for the year (existing incentive). Other...