Act for the Establishment and Administration of Technology Industrial Parks Article 21

Businesses in the Parks shall be exempted from the following taxes:1. Import taxes, commodity taxes, and business taxes on machinery and equipment imported from abroad for self-use. However, if such goods are transported to the taxation zones within five years after importation, the relevant import taxes, commodity taxes, and business taxes shall be recovered in accordance with the provisions applicable to imported goods.2. Import taxes, commodity taxes, and business taxes on imported raw materials, fuels, materials, semi-finished products, samples, experimental animals and plants, and goods for trade, storage and transshipment from abroad. However, if such goods are transported to the taxation zones after importation, the relevant import taxes, commodity taxes, and business taxes shall be recovered in accordance with the provisions applicable to imported goods.3. The deed taxes on the acquisition of newly-built standard factories in the Parks or the buildings legally obtained from the Bureau. When bonded products produced by the businesses in the Parks are transported to the taxation zones, custom duties shall be levied based on the net values of the factory prices of the goods minus the added values; also, commodity taxes and business taxes shall be levied in accordance with the provisions applicable to imported goods. Business taxes shall be levied against those businesses offering labor services to the taxation zones.The calculation of the added values as mentioned in the preceding paragraph shall be determined by the competent authority in consultation with the Ministry of Finance.Businesses enjoying tax exemption in accordance with the provisions herein shall not be required to apply for exemption, guarantee, accounting, and payment of security deposits, except that imported goods shall still be subject to customs clearance procedures.