On 26 July 2022, the Ministry of Finance of Taiwan announced that the smart machinery and 5G investment deductions will be extended to the end of 31 December 2024. Furthermore, investments in new information security products or services will be added to this scope from the period 1 January 2022 to 31 December 2024.
It is also stated that if the total amount of expenditures in the same tax year exceeds NT$1 million but not more than NT$1 billion to become eligible for the deduction. The annual investment deduction amount shall not exceed 30% of the income tax payable for the profit-making enterprise in the current year.
