The Regulations Governing Application of Investment Tax Credits to Private Institutions Participating in Public Infrastructure Projects
Article 16
The following rules shall apply to the private institutions participating in major infrastructure projects and applying for income tax credit for purchasing equipment and technology:
1. Paragraph 4 of Article 5 shall apply if a applicant applies for “whole set” certificate.
2.The Regulations at the time of the approval for each phase project shall apply if a private institution engages in separate phase project for construction or operation as provided in Paragraph 5 of Article 5.
3. The Regulations at the time of delivery shall apply if the event is excluded from the preceding two subparagraphs.