Core Viewpoint - The article discusses the tax incentives available for cultural enterprises undergoing transformation into corporate entities, outlining specific eligibility criteria and procedural requirements for these enterprises to benefit from tax reductions and exemptions [11][12][13]. Group 1: Eligibility Criteria for Tax Incentives - Cultural enterprises must have undergone transformation as per relevant departmental approvals [11]. - The transformed cultural enterprise must have completed corporate registration [12]. - If the enterprise was previously registered as an institution, it must have canceled its institutional status and deregistered accordingly [12][14]. - All employees must have signed labor contracts and participated in social insurance as per corporate regulations [14]. - The introduction of private and foreign capital must comply with national laws and regulations, requiring approval for changes in capital structure [14][15]. Group 2: Recognition and Management of Tax Incentives - Recognition of transformed cultural enterprises is conducted by the Central Propaganda Department in conjunction with the Ministry of Finance and the State Taxation Administration for central-level enterprises, while local-level enterprises are recognized by local authorities [12][14]. - If the name of a recognized transformed cultural enterprise changes without altering its main business, it can submit a change notice to the tax authority for processing [14]. - The tax policies outlined in the announcement are effective until December 31, 2027, with provisions for continued benefits if the enterprise has not enjoyed the incentives for five years by that date [13][15].