Reported about 1 year ago
The Taiwanese chip incentive program's tax benefits ended at the end of May this year, with four semiconductor-related companies applying for it. Market leaders like TSMC and MediaTek have applied for the program, but MediaTek released a statement today stating they have not benefited from it and urging the government to consider expanding tax deductions like other countries to provide real assistance to IC design industry. The 'Taiwanese Chip Incentive Program' allows for a 25% deduction on R&D expenses and 5% on new equipment purchases for advanced processes against corporate income tax, with the application deadline being May 31st this year. MediaTek emphasizes the importance of broadening tax deductions to support IC design industry in Taiwan.
Source: YAHOO