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The Guidelines for investing the innovation businesses from NDF 20200421

2020-04-21

The Legislative Yuan on Tuesday (April 21, 2020) approved the amended regulations for the expanded economic relief budget to additional NT$150 billion and could help soften the economic impact caused by the coronavirus pandemic.

The related relief measures listed below:

Subsidies for salary and operating fund

Eligible for application

  1. The entity which is in Manufacturing or Service Industries.
  2. An entity which registers as a corporation, business, and limited partner in accordance with related regulations or only registers with tax authority for  tax ID.
  3. The revenue goes down at least 50%

Subsidies content

  • Salary
    For the period of April 2020 to June 2020, the maximum amount for three months.
    40% of each employee’s salary, cap for NTD20,000.
      
  • Operating fund
    NTD 10,000/per staff based on the employee list of March 2020
      
  • Applicable period
    2020/04/22-2020/07/31

       

Reduce the utilities expenses

Eligible entities

  • The entities which are in Manufacturing or Service Industries and sustain an extreme loss to operate due to the impact of COVI-19.
  • The loss of the above entities shall be assessed by the competent authorities.

Revenue Decline

Water Expense

Electricity Expense

Low Voltage

High Voltage

Over 15% yet under 50%

Reduce by 10%

(cap for NTD 7,000/ per month)

Reduce by 10%

(cap for NTD 100,000/ per month)

  • Suspend partial chartered capacity of electricity consumption, reduce the basic electricity expense

  • After the suspension, exempt from the maintenance fee for facilities

Over 50%

Reduce by 30%

(cap for NTD 20,000/per month)

Reduce by 30%

(cap for NTD 300,000/per month)

Reduce by 30% further

(cap for NTD 3,000,000/per month)

  • The above relief shall be applied by the utilities company.

Applicable period

  • 2020/03/01 - 2020/09/30

 

Reduction of the expenses charged by the industrial parks and deferral of payments for the expenses

Industrial zone

  • Land rental: extend to one year or reduce by 20% of the rent (alternative)
  • Facilities maintenance: reduce by 20%
  • Sewage fee: extend to one year
  • Investment plan: extend the deadline

Rent with government-owned-land

  • Rental:
    Extend to one year or reduce by 20% of the rent (alternative)
    Allow to pay with 3 installments in three years
    Exempt from penalty and interest expense

 

 Deferral of payment for the related expenses of the processing area

  • Land rental: extend to one year or reduce by 20% of the rent (alternative)
  • Maintenance fee: allow to extend to one year if the revenue decline 30%
  • Sewage fee: extend to one year
  • Investment plan: extend the deadline

 

Expand the amount of finance and credit guarantee

Finance amount

  • Small and middle sized entities: increase the amount from NTD20,000,000 to NTD 150,000,000.
  • Except for small and middle-sized entities: increase the amount from NTD80,000,000 to NTD 500,000,000.

Amount of credit guarantee:

  • Supply with credit guarantee for NTD 100 billion and NTD 200 billion to middle and large sized credit guarantee, respectively.
  • Assisting the small and middle sized business to cope up with the situation by supplying NTD200 billion to Banks for funding to the businesses.