Regulations Governing Tax Credit for Businesses Investing in Motion Picture Production Enterprises for the Production of Domestically Produced Motion Pictures Article 3

If a business has held for three years or longer the original share subscription of a motion picture production enterprise stipulated in these Regulations or its registered shares underwritten upon business expansion, it may credit 20 percent of the paid price of the shares against the business income tax payable each year, beginning from the then current year, and for a period of five years in accordance with Paragraph 1 of Article 39-1 of the Act.The total amount of investment credit for each year, as mentioned in the preceding paragraph, shall not exceed 50 percent of the total business income tax payable for that year. But this provision does not apply to the amount creditable in the last year of the five-year period.