Regulations for Reducing Business and Entertainment Taxes for Cultural and Arts-related Enterprises Article 7

After the cultural and artistic activities in Paragraph 1 of Article 2 receive approval, relevant income shall be exempt from business tax.Sales income on books that have received approval as in Article 2 shall be exempt from business tax.The preceding regulation shall take force on March 1, 2021.Exemption from taxes shall have effect for a period of five years. Within six months prior to this period’s termination, the Ministry of Culture may announce a single extension of at most five years’ length.