In the Corporate Tax Code Circular promulgated on 25 September 2008 within the framework of the decree of annulment of the Constitutional Court, the Ministry of Finance provided explanations with respect to the rejection and refund of the fund share amounts pertaining to 2003 taxation period that were previously paid by the taxpayers yet were not deducted and refunded.
Accordingly, the portion of these fund share amounts that do not exceed 10% of the income and corporate tax amounts calculated over the annual income and corporate tax returns submitted for the related period, and can be deducted and refunded. Transactions of deduction and refund shall be executed within the scope of the explanations included in the Income Tax General Communiqué Series No. 252.