Regulations Governing Tax Credit for Businesses Investing in Motion Picture Production Enterprises for the Production of Domestically Produced Motion Pictures Article 8

After obtaining the letter of approval, if a motion picture production enterprise needs to change the content or extend the deadline by which to complete its domestically produced motion picture investment and production plan, it shall apply with the GIO for the change or extension before the said plan’s date of completion arrives. The period granted for the completion of a motion picture investment and production plan, however, shall not exceed four years; and an application shall be filed for a completion certificate in accordance with Article 6 within a year from the day following completion of the said plan.No completion certificate shall be issued if the domestically produced motion picture is not completed within the period set forth in the preceding paragraph and if it has not acquired the domestically produced motion picture screening license.When approving the change of content or extension of deadline of the motion picture investment and production plan under Paragraph 1, the GIO shall notify the Taxation Agency of the Ministry of Finance and the applicant’s local tax bureau.