In regard to disputes about the business tax taxation of Industry-academia collaboration projects, the Ministry of Finance has recently reviewed and explained the issues regarding Industry-academia collaboration project taxation and clearly specified that, in accordance with the rules stated in TFT 10804666690 on February 26, 2020, education institutions higher than junior college level (hereafter referred to as institutions) refers to education and academic research institutions approved by the Ministry of Education based on University Act and Junior College Act. Business tax taxation on the income from Industry-academia collaboration projects (refers to collaboration projects conducted based on Procedures for Industry-academia Collaboration of Junior Colleges and Institutions of Higher Education, or science and technology research and development projects based on Government Scientific and Technological Research and Development Results Ownership and Utilization Regulation) conducted in these institutions should be handled in accordance with the business tax exemption rules stated in Article 8 of Value-added and Non-value-added Business Tax Act.
