Further Tax-Cuts for Foreign Investors

Beginning next year, foreign investors will benefit from substantial tax deductions on investments in high value-added industries such as electrical/electronic technology, new process skills, and biological research technology.
The Ministry of Finance and Economics on December 4 announced, 'Through the act for improving external speculation, we will enlarge the sphere of tax benefits for foreign investment on high tech industries and supporting services will be eligible for tax exemptions.'
These items total 78 with electronic technology receiving eight and bio-tech receiving nine. Foreign investors, who meet government guidelines, will be exempted from federal taxes such as corporate and property tax for 7 years, as well as a 50% exemption from local taxes such as registration, and land tax for up to 15 years.