Regulations on Tax Reduction Encouragement for Introduction of Industries into New Towns Article 10

Upon settlement and declaration of the profit-seeking enterprise income tax of that very year, the applicant shall fill in the investment allowance items in accordance with the format prescribed by the Ministry of Finance, attach the form to the investment allowance certificate and the relevant supporting documents for the purchased machines, equipment, and buildings and submit them to the local tax authority to apply for reduction of the profit-seeking enterprise income tax credit.In case of any omission to the data required to be filled in by the applicant or to the documents to be attached in accordance with the preceding paragraph, the tax authority shall notify the applicant to make supplement and corrections before deadline. If the applicant fails to make supplement and corrections before the deadline or if the supplement and corrections are incomplete, the tax authority shall not accept the application.