Act for Promotion of Private Participation in Infrastructure Projects Article 36

A private institution participating in a major infrastructure project may be exempted from profit-seeking enterprise income tax for a maximum period of five (5) years from the year in which taxable income is derived after the infrastructure begins operations.For a major infrastructure project, the private institution as referred to in the preceding paragraph may, within four (4) years from the year in which taxable income is derived after the infrastructure project begins operations, elect at its sole discretion to defer the commencement date of the tax exemption period, provided that the maximum period of such deferral is three (3) years, and the commencement date of such deferred tax-exemption period is the first day of a fiscal year.The scope and the period of the tax exemption as referred to in Paragraph 1, and the authority granting the approval, the deadline and the procedure for application, the implementation period, supplemental tax payment, and other relevant matters shall be prescribed by the competent authority in conjunction with the central authorities in charge of the relevant industries.