Chapter Thirteen - Supplementary Provisions
This Statute shall also apply to industrial land and industrial districts designated as such in accordance with the former Act for the Encouragement of Investment or the former Statute for Upgrading Industries before this Statute comes into force.
With regard to business entities that do not conform to the definition of “companies” and “enterprises” given in Article 2 of this Statute, if they are recognized by the central authorities in charge of relevant enterprises, the provisions of Articles 9, 13, 14, 16 and 26 to 28 of this Statute regarding incentives, grants, or guidance may apply mutatis mutandis to them.
Anyone having received tax reductions, incentives, or grants under other laws or regulations shall not receive incentives or grants provided by this Statute for the same matters.
If a company or enterprise has committed a material violation of any law governing environmental protection, labor, or food safety and sanitation in the past three years, and such violation has been confirmed by the central authority in charge of the relevant enterprises, the company or enterprise shall not apply for any of the incentives or grants under this Statute and shall return any and all the incentives or grants received in accordance with this Statute during the period of such violation.
Where an incentive or grant has to be recovered in accordance with the preceding paragraph, the central authority in charge of the relevant enterprises shall publish the name of the company or enterprise on its official website after the decision on the recovery becomes final. Where tax benefits granted to a company or enterprise in accordance with this Statute have been terminated or recovered in accordance with Paragraph 2, Article 48 of the Tax Collection Act, the Ministry of Finance shall publish the name of the company or enterprise in the year after the ruling on termination and recovery becomes final, and such publication is not subject to the restrictions under Article 33 of the Tax Collection Act.
The enforcement rules of this Statute shall be prescribed by the central competent authority.
This Statute shall come into force on the date of promulgation. However, implementation of Article 10 shall be from January 1, 2010, to December 31, 2019.
Amended Article 10, 12-1 and 19-1 as promulgated on December 30, 2015, shall be implemented from January 1, 2016 to December 31, 2019.
Amended Articles 12-1, 12-2, and 19-1 as promulgated on November 22, 2017, shall be implemented from November 24, 2017 to December 31, 2019, while Articles 10 and 23-2 shall be implemented from November 24, 2017 to December 31, 2029.
Amended Article 19-1 as promulgated on June 20, 2018, shall be implemented from June 22, 2018 to December 31, 2019.
Amended Articles 12-1, 12-2, and 19-1 as promulgated on June 21, 2019, shall be implemented from January 1, 2020 to December 31, 2029, while Article 23-3 shall be effective from the date of promulgation to December 31, 2029.