Further to the report on the issuance of Tax Ruling 09604514270 on 11 April 2007 by the Ministry of Finance providing procedural clarification on the tax treatment of the deemed profits of foreign companies as stipulated in Art. 25 of the Income Tax Act, the following further details are recently available: -   applications will be processed by the National Tax Administration (NTA) rather than Ministry of Finance; -   applicants must apply for the 3.75% preferential tax rate within 5 years of obtaining income from technical assistance, construction, international transport and leasing of machinery/equipment; and -   applicants have...