Taxpayers who actively participate in research and development (R&D) endeavors can benefit from a highly attractive tax facility that offers a substantial gross income reduction of up to 300 percent of the total costs incurred.

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This remarkable incentive is specifically aimed at encouraging and supporting R&D activities that have been thoroughly assessed and deemed instrumental in advancing the national economy, fostering the growth of new industries and cutting-edge technologies, as well as facilitating the transfer of foreign technological expertise to local businesses.

By providing such significant tax advantages, the government aims to incentivize taxpayers to engage in R&D initiatives, thus promoting innovation, economic development, and technological progress on a national scale.

Source: asiainvestmentresearch.org