Act for the Development of Biotech and Pharmaceutical Industry Article 15

Any persons or entities that receives tax incentives under other laws or regulations shall not receive the tax credits provided under this Act for the same matters.If a Biotech and Pharmaceutical Company has, within the past three (3) years, committed a material violation of any law governing environmental protection, labor or food safety and sanitation, as confirmed by the central governmental authority in charge of the industry concerned, the Biotech and Pharmaceutical Company shall be ineligible to apply for any of the tax incentives under Article 5 or 6 hereof. Additionally, its right to receive such tax incentives, if any, shall be terminated, and any tax benefits already received during the period of such violation in accordance with the aforementioned articles shall be recovered.Where a tax incentive has to be terminated and recovered in accordance with the preceding paragraph, the Ministry of Finance shall publish the name of the Biotech and Pharmaceutical Company on its official website once the decision on the termination or recover becomes final.