Corporation Tax Act

In the case where a domestic ordinary corporation, etc. prescribed in Article 92, paragraph (1) of the Corporation Tax Act Before the October Changes that is subject to corporation tax on liquidation income for which the provisions then in force continue to govern pursuant to the provisions of Article 10, paragraph (2) of the Supplementary Provisions has been subject to special income tax for defense pursuant to the provisions of Chapter III-2 of the Act on Special Measures Concerning Securing Financial Resources Necessary for the Fundamental Reinforcement, etc. of Japan's Defense Capabilities (Act No. 69 of 2023) with regard to the income listed in Article 5-6, item (iv), (a) and (b) of that Act during liquidation, with regard to the application of the provisions of Part II, Chapter III, Article 129, paragraph (1), Article 135 and Article 137 of the Corporation Tax Act Before the October Changes, the amount of special income tax for defense so imposed is deemed to be the amount of income tax to be deducted from the amount of corporation tax on that liquidation income of that domestic ordinary corporation, etc. (including corporation tax on income for a business year in liquidation of that domestic ordinary corporation, etc.).