Office of Advanced Science and Technology conducts research and develops technology and innovations for tax deductions of up to 200%.
Through a fast-track Pre-Approval channel.
Project owners, which are companies/partnerships, hire “research contractors” that are government agencies or higher education institutions, both public and private. Office of Advanced Science and Technology is registered as a research and technology development contractor, registration number 489, according to the announcement of the Revenue Department, to exempt corporate income tax for expenses related to research and development of technology and innovations.