Regulations Governing Tax Credit for Businesses Investing in Motion Picture Production Enterprises for the Production of Domestically Produced Motion Pictures Article 6

A motion picture production enterprise that has obtained a letter of approval shall complete, within three years from the day following approval, all domestically produced motion pictures listed in its approved domestically produced motion picture investment and production plan. It shall apply, within a year of the day following completion, with the GIO for certification of completion of a domestically produced motion picture with investment from a business (hereinafter referred to as the completion certificate). The application shall be supported by the following documents:1.A photocopy of the letter of approval.2.The 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.3.A photocopy of the record of shareholders’ or board of directors’ meeting(s) that approved, by resolution, the capitalization increase under the said motion picture investment and production plan. In the case of a newly established enterprise, a photocopy of the record of the promoters’ meeting(s) shall be attached.4.Detailed expenditure accounts for the domestically produced motion picture investment and production plan, and accountants’ audit certification. For expenditures on labor, a photocopy of tax withholding and withholding exemption certificates shall be attached.5.A photocopy of the screening license for the domestically produced motion picture.6.A list of the producer, director, actors and supporting staff of the domestically produced motion picture, which shall be consistent with the credits list in the film. 7.Documents related to the solicitation of cash capital, including photocopies of related registration certification of businesses investing in the production of domestically produced motion pictures and documentation certifying the amounts invested.8.Completion date and total production expenditure of the domestically produced motion picture.9.Other documents specified by the GIO. When the GIO issues or decides not to issue the completion certificate as per the preceding paragraph, it shall notify the Taxation Agency of the Ministry of Finance and the applicant’s local tax bureau.