Article 197Procedures for Receiving Special Provisions on the Periods to Which Revenue and Expenses Are Attributed

①A Resident who makes the election under Article 196, paragraph (1) (Periods to Which Revenue and Expenses of Small Enterprises Are Attributed) with regard to income tax for that year and each subsequent year must, by March 15 of that year (or, where the Resident newly starts the business prescribed in that paragraph on or after January 16 of that year, within two months after the day on which the Resident started that business), submit to the competent district director with jurisdiction over the place for tax payment a written notice stating that the Resident intends to receive the application of that paragraph and other matters specified by Ministry of Finance Order.

②A Resident subject to the application of Article 196, paragraph (1) who intends to cease to be subject to the application of that paragraph with regard to income tax for that year and each subsequent year must, by March 15 of that year, submit to the competent district director with jurisdiction over the place for tax payment a written notice stating that the Resident will cease to be subject to its application and other matters specified by Ministry of Finance Order.

③A Resident who makes the election under paragraph (1) of the preceding Article must, when submitting the Tax Return for the year for which the Resident intends to receive the application of that paragraph, state on that return form that the Resident is subject to its application.