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Investment tax credit
Investment tax credit
（ 1 ）
Taxpayers who invest in designated enterprises under Article 8 of the Statute for Upgrading Industries before the Dec. 31, 1999 revision, or invest in entities under Article 33 of the Statute for Encouragement of Private Participation in Transportation Infrastructure Projects, may credit up to 20% of the price paid for the acquisition of the registered share certificates of the said enterprises or entities against the individual income tax payable for the year in which the two years holding requirement is met. If the credit is larger than the tax payable of the current year, the balance of the said credit may be carried forward for up to four years.
（ 2 ）
Taxpayers who invest in newly emerging, important and strategic industries under article 8 of the Statute for Upgrading Industries after the Dec. 31, 1999 revision may credit up to a designated percentage of the price paid for the acquisition of the registered share certificates of the said enterprises or entities against the individual income tax payable within five years starting from the year in which the three years holding requirements is met.
（ 3 ）
The credit in each year shall be limited to not more than 50% of individual income tax payable, with the exception that this limitation shall not apply to the credit in the final year.
