Industrial Innovation Statute Article 23-2

Where an individual invests at least NT$500,000 in cash in one year in domestic innovative startups that have been incorporated for less than five years and identified by the central government authority in charge of the industry concerned as high-risk innovative startups, and acquires and holds the new shares issued by the company for three years, up to 50% of the investment may be excluded from the individual’s consolidated income for the year in which the third anniversary of such shareholding falls.The amount of investment to be excluded from an individual’s consolidated income under the preceding paragraph is limited to NT$5 million in total in a given year, and the exclusion of investments in high-risk startups that are not recognized by the central competent authority as key industries for national development is limited to NT$3 million in a given year.The regulations governing the qualifications of the individuals, the scope and qualifications of the high-risk innovative startups, the scope and identification procedures for key national development industries, the calculation of the exclusion limit, the application deadline, the application procedure, the calculation of the shareholding period, and the reviewing authority under the preceding two paragraphs shall be prescribed or designated by the central competent authorities in consultation with the Ministry of Finance.