Regulations Governing Tax Credit for Businesses Investing in Motion Picture Production Enterprises for the Production of Domestically Produced Motion Pictures Article 10

After acquiring the letter of approval, a motion picture production enterprise shall, within five years after a full three-year period from the day of payment for shares by a business, apply with the local tax bureau for permission to issue investment tax credit certificates to its business shareholders. The application shall be supported by the following documents:1.Corporate registration issued at the time of its establishment or both before and after its capitalization increase for business expansion.2.Letter of approval.3.A photocopy of the record of shareholders’ or board of directors’ meeting(s) that approved, by resolution, the capitalization increase. In the case of a newly established enterprise, a photocopy of the record of the promoters’ meeting(s) shall be attached.4.Business shareholders’ certificate of payment for shares.5.For those business shareholders who have held shares for longer than three years, a detailed list of applicable tax credits that includes the shareholder’s account number, name, business identification number, total number of shares held, total dollar amount invested in shares, date of payment, stock code, number of shares held over three years, amount deductible and amount of tax deductible.After receiving permission to issue the investment tax credit certificates referred to in the preceding paragraph, the motion picture production enterprise shall issue the said certificates to its shareholders as described in Paragraph 1 of Article 3.When filing business income tax returns in the year in which a tax credit is being applied for, shareholders referred to in the preceding paragraph shall submit the certificate mentioned in the preceding paragraph to their local tax bureau(s).The form of the investment tax credit certificate shall be prescribed by the Ministry of Finance.