The Regulations Governing Application of Investment Tax Credits to Private Institutions Participating in Public Infrastructure Projects
A private institution that has invested in R&D or personnel training pursuant to these Regulations shall fill in the stipulated forms at the time of filing profit-seeking enterprise income tax return of the current year, and submit these forms together with the following certifying documents to the tax collection authority where the company is located for the assessment of the amount of tax credit. If the tax collection authority finds any doubtful content or related matter in the expenditures declared by the company when assessing the amount of tax credit requested by the company, the authority may request the central competent authority in charge of specific enterprises or the authority in charge of the major infrastructure project to assist in deciding the amounts.
1.For R&D expenses:
i.The institution’s organization chart and roster of R&D personnel;
ii.Complete records of purchases and requisitions of consumable equipment and materials, raw materials and samples used by R&D units for research purposes;
iii.List of instruments/equipment purchased in the current year solely for R&D purposes;
iv.Layout plans of R&D units and written explanation of the ratio of the area occupied by them to the total area of the buildings;
v.Contracts or certifying documentation regarding purchase or use of patents, know-how or copyrights and calculation statements of amortization or payments;
vi.Research projects, records or reports; and
vii.Other related certifying documentation.
2.For personnel training expenses:
i.Personnel training plans;
ii. Roster of trainees and training status;
iii.Regulations governing employees’ overseas study; and
iv.Other related certifying documentation.
The stipulated forms under the preceding paragraph shall be regulated by the Ministry of Finance.