For a venture capital fund which is set up under the Limited Partnership Act ("LPA") between January 1, 2017 and December 31, 2019, if it satisfies the requirements on (a) the amount of capital received; and (b) the amount of investment in the startup company (Taiwan or foreign as long as it has operations in Taiwan), the Taiwan limited partnership ("L.P.") may apply to adopt the pass-through taxation, so as to avoid double taxation pursuant to the newly-amended Statute for Industrial Innovation. In other words, the taxable income resulting from the operation of the Taiwan L.P. will be passed to its partners directly and Taiwan L.P. would not be the income taxpayer under the pass-through taxation.
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