A foreigner acquires new shares by participating in a capital increase of a domestic corporation that conducts a business, which is subject to tax deduction. are the regulations of tax deduction of the Special Tax Treatment Control Law applicable?

Since it is a new foreign investment, the regulations of tax deduction are applicable.Furthermore, it is also possible to receive tax deduction during the residual period, if a foreigner acquires existing stocks of a foreign-invested company, which are owned by a foreigner.