The Cultural and Creative Industry Development Act was approved by the Legislative Yuan on 7 January 2010, seven years after its inception. It offers tax incentives for enterprises purchasing original products or services from local cultural and creative businesses, donating to students or disadvantaged groups, providing assistance in holding cultural and creative activities in remote areas, or investing in related research and development or talent cultivation.
Under the new act, the government is required to allocate budgets to subsidize students’ attendance at arts and cultural performances and may also issue cultural experience vouchers.
Minister Emile Chih-jen Sheng of the Council for Cultural Affairs said that the act’s most substantive significance lies in its definition of the cultural and creative industry as well as establishment of a value concept for the sector. While related funding may be made available to companies and individuals, offering tax credit for business donations to the industry could further attract corporate support.
The minister added that 13 associated bylaws would be approved and implemented by June this year at the earliest. A budget supporting the industry will be allocated starting in 2011. In response to concerns that high-quality cultural activities might suffer as a result, Minister Sheng emphasized that development of the cultural and creative industry does not conflict with the holding of cultural and arts performances and activities, for which government funding will increase rather than decrease.
The cultural and creative industry will increase its output value only when it appeals to the masses. The two do not run counter to each other.
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