On 31 October 2017, Taiwan's Legislative Yuan (parliament) approved the legislation introducing measures to attract foreign professionals to work in Taiwan. One of the main measures is the introduction of a tax incentive that provides for a 50% reduction in the amount of taxable income exceeding TWD 3 million (~USD 99,500) for the first three years of employment (residence) in Taiwan. Amounts up to TWD 3 million will be taxed normally. If the foreign professional's stay in Taiwan does not exc…