A domestic company in the high-tech business has started business on July1, 2003. Through acquisition of new stocks it became a foreign-invested company on Oct.1, 2004. In this case, when is the period to apply for tax deduction?

If a domestic company becomes a foreign-invested company through foreign investment it is not regarded as capital increase but new foreign investment.

Accordingly, the company has to apply for tax deduction by Dec. 31, 2004.