Start-ups to receive perks under new amendments

By Chen Cheng-yu and Jonathan Chin / Staff reporter, with staff writer Add TT as Preferred Source The Legislative Yuan yesterday passed amendments to the Industrial Innovation Statute (產業創新發展條例) to provide perks and benefits to start-ups.The proposed changes would double the cap on the tax-deferred portion of stock option bonuses to NT$10 million (US$315,378) from NT$5 million per year, raise the maximum age of start-ups from five to eight years, and loosen regulations governing venture capital.The value of the tax-deferred portion of stock options would be determined by the share price on the date of their issuance. Legislative Speaker Han Kuo-yu, right, bangs a gavel at the legislature in Taipei yesterday. Photo: George Tsorng, Taipei Times Employees who receive stock-based compensation