In this case, the company would be subject to a change in tax deduction. If it gets the approval for change, the new deduction is applicable to the remaining period of the initial deduction period. 

A foreign-invested company, which was in the manufacturing sector, is not eligible for tax deduction, if it merely changed its business sector to the high-technology sector. 

The foreign-invested company has to set up and operate factory facilities in order to be eligible for tax deductions. 

The initial day of reckoning would be the registration day of the capital increase regardless of when the capital increase was notified. 

From the day of FDI notification until 2 years from that date. 

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.

If the application is received after the deadline, it is possible to receive deductions for the year corresponding to the application day and residual period. However, it is not possible to receive tax deductions for paid taxes for the period prior to the day when the decision of tax deduction was made. 

If the application is received after the deadline, it is possible to receive deductions for the year corresponding to the application day and residual period. However, it is not possible to receive tax deductions for paid taxes for the period prior to the day when the decision of tax deduction was made. 

The notification of changes has to be made within two years of the day the changes have occurred. 

The deadline would be the day of starting the business, Dec. 31, since it is the last day of the business year.