Supplementary Provisions, Article 17Transitional Measures Concerning the Tax Rate for Corporation Tax on Income for Each Business Year
第十七条(各事業年度の所得に対する法人税の税率に関する経過措置)
With regard to the application of the provisions of the New Corporation Tax Act and other laws and regulations concerning corporation tax pertaining to the income for a business year starting during the period from April 1, 1989 to March 31, 1990 of an ordinary corporation prescribed in Article 2, item (ix) of the New Corporation Tax Act (hereinafter referred to as an "ordinary corporation") or an association or foundation without juridical personality prescribed in item (viii) of that Article, the term "37.5 percent" in Article 66, paragraph (1) and Article 143, paragraph (1) of the New Corporation Tax Act is deemed to be replaced with "40 percent", and the term "28 percent" in Article 66, paragraph (2) and Article 143, paragraph (2) of the New Corporation Tax Act is deemed to be replaced with "29 percent".