Good day. We had discussion with U

Good day. We had discussion with U Set Aung, chairman of TSMC this afternoon. Thanks to advance instruction by Mr. Matsui to U Set Aung, he completely understands the current situation and propose one solution to you that CRMTO will be granted Freezone status until SEZ Rules & Regulations will be published. Its details are as below;
1. CRMTO revise minor wordings on investment application form and submit to TSMC as Freezone status. Wording shall be “CRMTO Myanmar will export its products or sell to export oriented company outside SEZ in Myanmar” (better to discuss with TSMC officer.)
2. CRMTO is granted its Freezone status. CRMTO is not required to pay 5% of commercial tax against land rent.
3. [SEZ Rules & Regulations] is published including that [selling semi-products to export oriented company outside SEZ (=CMP basis) is considered as export]. U Set Aung says its timing will be “soon, hopefully before the election in November, 2015”. However, no guarantee. Currently waiting for final confirmation of Dr. Kan Zaw (Minister for National Planning and Economic Development)
4.1 [SEZ Rules & Regulations] is published in a certain period of time, you may continue your granted status as Freezone. Or
4.2 [SEZ Rules & Regulations] is NOT published by [one year later after commencement date of your commercial operation (=suppose, by July 2017*)], CRMTO may be converted to [Business in a Promotion Zone] status and in the worst case be imposed on 5% of commercial tax, import duties on raw materials and late payment penalties.
*by July 2017. On the conditions below;
1st : re-apply for investment to TSMC and granted investment permit by TSMC in Aug 2015,

2nd : signing on Land Sublease Agreement and paying Land Rent to MJTD in Aug 2015,

3rd : design approval by MJTD and building permit by TSMC and starting construction by Nov 2015
4th : completion of factory construction and commencement of your commercial operation.

Below are my personal opinion, for your consideration. Above are good suggestion and flexible reaction of TSMC. However, there still remains a risk that [SEZ Rules & Regulations] are not published. MJTD also shall not take any responsibilities for the worst scenario. So, we would like to propose you to have direct discussion with U Set Aung in Yangon or Naypyidaw, for your final decision.
For your request of discussion on July 24 or 27, please coordinate with my colleague, Mr. Myint Zaw. Thank you.

結果 (繁體中文) 1:

日安。我們曾與吳設置昂，主席臺積電今天下午討論。由於預先指令由 U 設置昂先生松井，他完全理解目前的情況並向你 CRMTO 將被授予保稅區狀態，直到經濟特區規則及規例會刊登提出一個解決方案。其具體內容如下;1.CRMTO 投資應用程式表單上的輕微措辭稍作修改，並提交給台積電作為保稅區狀態。措辭應"CRMTO 緬甸將出口其產品，或出售出口導向的公司以外的在緬甸特區"(最好與台積電官討論)。2.CRMTO 被授予其保稅區地位。CRMTO 是不需要支付土地租金 5%的商業稅。3.[經濟特區規章制度] 出版包括 [銷售半產品作為出口出口導向的公司被認為是外部經濟特區 (= CMP 基礎)]。U 設置昂說，其時間將會"很快，希望在 11 月，2015" 選舉之前。然而，不能保證。當前正在等待最後確認的博士菅直人 Zaw (國家規劃和經濟發展部長)4.1 [經濟特區規章制度] 發表在一定時間內，你可以繼續作為保稅區您授予的地位。或4.2 [經濟特區規章制度] 不發表 [一年以後你們的商業運作的生效日期 (= 假設，2017 年 7 月 *)]，CRMTO 可能轉換成 [商業促進區] 狀態和最糟糕的情況徵收 5%的商業稅，進口關稅對原材料和滯納金。* 2017 年 7 月。在的條件下;1: 重新申請投資到台積電和授予的投資許可證由台積電 Aug 2015 年第二: 簽署土地轉租協定並在 2015 年 8 月，向 MJTD 支付土地租金第三: 設計批准由 MJTD 和由台積電和開始建設，到 2015 年 11 月建築許可第四: 開始你們的商業運作及廠區建設完成。以下是我個人的看法，供你方考慮。以上都是很好的建議和台積電的靈活反應。然而，仍然存在風險，[經濟特區規章制度] 不會發佈。MJTD 也不應採取任何責任為最壞的情況。所以，我們想建議你要直接討論與 U 設置昂在仰光或緬甸，為你的最終決定。淺談 7 月 24 日或 27 你請求，請與我的同事，先生敏 Zaw 協調。謝謝。