Statute for Encouragement of Private Participation in Transportation Infrastructure Projects Article 28

A private entity encouraged under this Statute may be exempted from the business income tax for a maximum period of five(5) years from the year in which taxable income is derived after the commencement of operation of the transportation infrastructure project concerned.A private entity eligible for the incentive referred to in the preceding Paragraph may within four(4) years from the year in which taxable income is derived after the commencement of operation of the transportation infrastructure project concerned, elect, at its own discretion, to defer the commencement date of the tax exemption period; provided, however, that the maximum period of such deferment shall not exceed three(3) years. The commencement date of such deferred tax-exemption period shall be the first day of a fiscal year.The scope and the length of period for actual application of the tax exemption benefit referred to in Paragraph 1 shall be determined by MOF through consultation with MOTC and submitted to the Executive Yuan for approval.