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1.23. (...) In 2022, inward direct investment was also attracted to the electricity sector, specifically in wind farms, as part of Chinese Taipei's policy to expand the use of renewable energy and incentives granted to industries by the "5+2 Innovative Industries Plan" (Section 2.4).

2.11. Trade policy constitutes one of the main pillars of Chinese Taipei's New Model for Economic Development launched in 2016, which is based on sustainability, innovation, employment, and equitable distribution. (...)

2.12. (...) Chinese Taipei started implementing its New Model for Economic Development 2.0 under the NDP[development plan] 2021 2024, which calls for Chinese Taipei to pursue various strategies, including (i) actively focusing on six core strategic industries; [9] (...)
[9] These are (...) green and renewable energy industries.

2.13. In 2017, Chinese Taipei launched its Forward-looking Infrastructure Development Program, with a 30-year horizon, to ensure the development of the infrastructure needed to attain the goals stated in the NDPs. The Program provides funding to develop projects in, inter alia, railways, water management, green energy (...)

2.14. The "5+2 Innovative Industries Plan" aims to boost industrial development and enhance the start-up ecosystem. (...) Initially covering five industries (intelligent machinery, Asia Silicon Valley, green energy, biomedicine, and aerospace) of strategic importance for linking local industries to global markets, two other areas (high value agriculture and the circular economy) were added later.

2.19. (...) Chinese Taipei is a member of the Informal Working Group on MSMEs, and was a co-sponsor of the Communication on Trade and Environmental Sustainability, which aims at organizing structured discussions for interested WTO Members as well as a dialogue with external stakeholders on trade and environmental sustainability.

Table 2.1 Investment incentives, 2023
Incentive: Tax incentives: Research & development credits:
Description: Companies or limited partnerships that have not committed severe violations of environmental protection, employment, or food safety laws in the last three years may select one of the following incentives for crediting the expenditure incurred by them in R&D against the enterprise income tax. The creditable amount shall not exceed 30% of the income tax payable by them in the current year: (1) Up to 15% of the company's expenditures may be deducted from its enterprise income tax for the current year; or (2) Up to 10% of such expenditures may be credited over three years starting from the current year against the enterprise income tax payable by the company.
Legal authority: Statute for Industrial Innovation (Article 10)
(...)
Tax incentives: Incentive: Smart machinery and 5G equipment investment
Description: Companies or limited partnerships that have not committed severe violations of environmental protection, employment, or food safety laws in the last three years with expenditures totalling between TWD 1 million and TWD 1 billion are entitled to apply for a 5% deduction of the corporate income tax for the current year or a 3% deduction over a period of three years. Each annual investment creditable amount shall not exceed 30% of the payable enterprise income tax in the current year.
Legal authority: Statute for Industrial Innovation (Article 10-1)
(...)

Table 2.1 Investment incentives, 2023
(...)
Incentive: Financing: Low interest loans for upgrade of machinery and equipment
Description: The maximum loan amount is 80% of the cost of the purchase of machinery for the project. The total amount for each applicant is capped at TWD 400 million and the maximum amount for a loan to purchase net zero emissions machinery and equipment is TWD 1 billion.
Legal authority: n.a.
(...)

3.32. (...) In addition, to promote consumption of energy efficient electric appliances , reduce production costs, and ensure people's livelihood, the tax burden may be reduced by a maximum amount for a specific period. [33] (...)
[33] From 15 June 2021 to 14 June 2023, the commodity tax on new refrigerators, new air conditioners, and new dehumidifiers, which are classified as first- or second-grade of the energy-efficient levels, was reduced by a maximum amount of TWD 2,000 (Commodity Tax Act, 20 December 2022, Article 11-1).

Table 3.6 Specifically Selected Goods and Services Tax, 2022
(...)
Product: Turtle shells, hawksbill, coral, ivory, furs, and their products (value ≥ TWD 500,000)
General tax rate: 10%
(...)