Supplementary Provisions, Article 2Transitional Provisions Concerning the Amount Deemed to Be the Amount of Dividends, etc.

The provisions of Article 24, paragraph (1) (Amount Deemed to Be the Amount of Dividends, etc. out of Monies, etc. Delivered upon a Capital Reduction, etc.) of the Corporation Tax Act after the amendment (hereinafter referred to as "the New Act") apply to cases where a corporation (including an association or foundation without juridical personality prescribed in Article 2, item (viii) (Definitions) of the New Act; the same applies hereinafter) receives the delivery of monies or other assets listed in the items of that paragraph on or after April 1, 1968, and with regard to cases where a corporation received the delivery of such monies or other assets before that date, the provisions then in force continue to govern.