Newsletter
TAX BREAKS FOR INVESTMENT IN INDUSTRIAL WASTE DISPOSAL
To encourage investment in joint facilities for the removal and disposal of industrial waste, the Industrial Development Bureau (IDB) has drafted proposed management and guidance regulations. The draft provides for industrial waste disposal operators' purchases of pollution control equipment and technology to qualify for 20% tax credits under the relevant provisions of the Statute for Upgrading Industries. The IDB also proposes to define industrial waste disposal as an important new strategic industry. This would make companies eligible for investor tax credits or five-year tax holidays, and allow them to apply for low-interest loans from the Execu-tive Yuan's Development Fund. As another measure to encourage investment in joint waste removal and disposal organizations, the IDB is also to draft plans for the payment of operating subsidies.