|When a company or limited partnership applies the R&D expenses investment tax credit according to the Statute for Industrial Innovation, what kind of R&D expenses must be approved specially? What is the application period?|
The following 4 kinds of expenses must be approved specially:
1. The annual amortization or payment of the special technology purchased or used for research and development activities.
2. Expenses for professional or special databases, software programs and systems purchased for research and development activities.
3. Expenses for appointing the foreign college or research institution to study, or hiring full-time teachers from the foreign college or R&D persons from the foreign research institution.
4. Expenses for jointly engaged in research and develop with the domestic or foreign companies, colleges or research institutions.
The application of above-mentioned R&D expenses shall be concurrently submitted with the application for the determination of research and development activities within 3 months before the start of the period of filing the profit-seeking enterprise income tax return in the year when the expenses are incurred, the first annual amortization or the amortization expense period, to the central authority in charge of relevant business.
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