①The provisions of Article 70, paragraph (1) of the New Corporation Tax Act apply to each business year (excluding the business year before the company split and each business year after consolidation prescribed in that paragraph) ending on or after the date of a qualified merger of the acquiring corporation in the qualified merger in the case where the domestic corporation referred to in that paragraph is dissolved through the qualified merger on or after the Effective Date, and with regard to each business year ending on or after the date of a merger of the acquiring corporation in the merger in the case where the domestic corporation was dissolved through the merger before the Effective Date, the provisions then in force continue to govern.

②The provisions of Article 70, paragraph (3) of the New Corporation Tax Act apply to the acquiring corporation in a qualified merger in the case where a Reassessment prescribed in paragraph (1) or (2) of that Article is made after the domestic corporation referred to in paragraph (1) of that Article that carried out accounting by disguising facts has been dissolved through the qualified merger carried out on or after the Effective Date, and with regard to the acquiring corporation in a merger in the case where a Reassessment prescribed in Article 70, paragraph (1) or (2) of the Former Corporation Tax Act is made after the domestic corporation has been dissolved through the merger carried out before the Effective Date, the provisions then in force continue to govern.