1. For the first year from the enforcement of this Act, tax rate is 8%.
2. For the second year from the date following the last day of the first year from the enforcement of this Act, tax rate is 10%.
Where a profit-seeking enterprise makes application of this Act to the tax authority where the profit-seeking enterprise is registered, and the application is approved after review by the tax authority consulting with the account-handling bank in accordance with Paragraph 4 of the preceding Article, the tax payable should be withheld by the account-handling bank at the tax rates specified in the preceding Paragraph when such a profit-seeking enterprise repatriates investment income derived from an offshore invested enterprise and deposits it into the segregated foreign exchange deposit account during the period specified in the preceding Paragraph.
The regulations governing the procedure of an individual or a profit-seeking enterprise making application of this Act in accordance with the preceding two Paragraphs and other related matters shall be prescribed by the competent authority.