The Taipei government is on the way of granting tax incentives to supplies of high-end medical equipments in the view to help development of the industry that boasts enough potential. Economics minister Shin Yen-shiang said it is thankful to the medical system reforms in China and USA and also the advent of ages society.
Addressing to the medical product and medical electronic forum, he pointed that Ministry of Economic Affairs and Department of Health have agreed of putting high-end medical equipment and supplies under the list of tax incentives. He added that tax credit for personnel training and also for investment will be granted by the government. Shih will be talking with the legislators over the proposal and if it is materialized then about 134 products will be benefited.
He mentioned that the domestic medical industry’s output value could top NT$200 billion a year. Earlier it was only NT$82.5 billion a year.
Though most of the domestic enterprises are small and mid-sized, but those have a development potential due to the national health insurance system establishment and a good foundation of domestic electronic industry.
Currently the medical system reforms of China and USA are calling for an investments of US$940 billion and this will be highly expanded in the global market of medical equipments and medical supplies. More to this, the demand of such products are growing from the emerging markets of Latin America and India.
