Regulations Governing Tax Credit for Businesses Investing in Motion Picture Production Enterprises for the Production of Domestically Produced Motion Pictures Article 4

A business’s application for the incentives offered by these Regulations shall be filed by the motion picture production enterprise in which it has invested.In the case of a newly established enterprise, the application shall be filed within six months from the day following its registration for establishment or within six months of the implementation of these revised Regulations. In the case of business expansion, capitalization increase shall be carried out by the enterprise and the application shall be filed within six months from the day following the completion of registration modification or within six months of the implementation of these revised Regulations. The application for a letter of approval of tax credit for a business investing in the production of domestically produced motion pictures (hereinafter referred to as the letter of approval) shall be filed with the Government Information Office (hereinafter referred to as the GIO) along with the following documents:1.Corporate registration of the motion picture production enterprise and a photocopy of its license. In the case of capitalization increase for business expansion, corporate registrations issued before and after the capitalization increase and a photocopy each of the licenses of the motion picture production enterprise issued before and after the capitalization increase.2.A domestically produced motion picture investment and production plan.The form to be used for filing the domestically produced motion picture investment and production plan under Subparagraph 2 of the preceding paragraph shall be prescribed by the GIO.For capitalization increases described in Paragraph 2 that are made in installments, the application shall be filed within the same period as stipulated in the same paragraph, starting from the day following the completion of modified corporate registration for the first installment of capitalization increase.When the GIO issues the letter of approval under Paragraph 2, it shall notify the Taxation Agency of the Ministry of Finance and the applicant’s local tax bureau.