TIPO(Taiwan Intellectual Property Office) of Economic Affairs Ministry updates the Regulations for Reduction and Exemption of Patent Annuities
Economic Affairs Ministry modified and issued Article 2 and 9 of「Regulations for Reduction and Exemption of Patent Annuities」 on June 29, 2016 in accordance with the modification of 「SMEs(Small and Medium Enterprises) Qualification Standard」, which adjusted the relating definition of SMEs.
According to the updated Taiwan SMEs Qualification Standard Article 2 Section1, said SMEs definition refers to the company which Paid-in capital under NTD 80 million dollars, or the amount of routine employees less than 200 people.
According to the above modification, the current qualified applicants in accordance with the Regulations for Reduction and Exemption of Patent Annuities, including:
1. Natural person, including native and foreign natural person.
2. Native School, referring to public or registered private school.
3. Foreign School which admitted by Taiwan Education Ministry.
4. SMEs, referring to the native enterprises meet the standard of SMEs, or foreign enterprises meet the same qualification standard of SMEs.
The modified Regulations for Reduction and Exemption of Patent Annuities will be valid on July 1, 2016.
Author: Manager of Administration Department, Stephanie Lee
