Is investment from China eligible for the tax credit?
Currently, the government has not liberalized any industry for investment from China. Therefore, investment from China in the local motion picture industry is prohibited. 6. What is the deadline for participation in the tax credit plan under the Regulations? A: The tax credit under the Regulations will be available from January 9, 2004 to January 8, 2009, after which the chance for this tax credit ends. Many investors may be hesitant, wishing to wait and see how the plan works out. However, investors that wait too long will miss this great opportunity. Therefore, we would like to recommend that interested investors should take note of the eligibility period. 7. If the director or some of the actors and production crew are foreign nationals, will the film still be eligible for the tax credit? A:According to the Criteria for Differentiating Domestically Produced Motion Pictures, Domestic Motion Pictures, and Foreign Motion Pictures, standards generally apply to actors and post-production
