The “Act for Development of Small and Medium Enterprises” was amended on January 6, 2016.  Major amendments include: (1) under certain conditions, where a small and medium enterprise employs new employees under 24 years old with ROC nationality, such enterprise may deduct up to 150% of the company’s total expenditure on the salary paid to the abovementioned employees against its business income tax payable for that year; (2) under certain conditions, where a small and medium enterprise increases the salary of its current employees with ROC nationality, other than increases required by applicable law, such enterprise may deduct up to 130% of the company’s total expenditure on the salary increase against its business income tax payable for that year.