The provisions of Article 62-7, paragraph (1) of the New Corporation Tax Act apply to a business year of a corporation ending on or after the day on which six months have elapsed counting from the day following the Effective Date, and with regard to a business year of a corporation ending before that day, the provisions then in force continue to govern.

①The provisions of Article 63, paragraph (2) of the New Corporation Tax Act apply to cases where a corporation is receiving the application of the provisions of paragraph (1) of that Article in a business year ending on or after the day on which six months have elapsed counting from the day following the Effective Date.

②In the case where a corporation has received the application of the provisions of Article 3, paragraph (1) of the Supplementary Provisions, if it holds assets subject to fair valuation, etc. (meaning assets subject to fair valuation, etc. prescribed in Article 4-3, paragraph (9), item (i) of the New Corporation Tax Act; the same applies hereinafter in this paragraph) as of the end of the previous business year of the business year that includes the last day of the first consolidated parent corporation business year (meaning the first of the consolidated parent corporation business years prescribed in Article 15-2, paragraph (1) of the New Corporation Tax Act in which corporation tax is imposed on consolidated income for each consolidated business year; the same applies hereinafter in this paragraph) (or, if the first day of that business year is before the first day of the first consolidated parent corporation business year, as of the end of that business year), or if a corporation that has come to have a full controlling interest prescribed in Article 4-2 of the New Corporation Tax Act with that corporation, by that corporation, in the first consolidated parent corporation business year holds assets subject to fair valuation, etc. as of the end of the business year that includes the day on which it came to have the full controlling interest, the provisions of Article 63, paragraph (2) of the New Corporation Tax Act apply by deeming the business year immediately preceding the commencement of consolidation prescribed in that paragraph or the business year immediately preceding joining the consolidation prescribed in that paragraph to be the business year that includes the last day of the first consolidated parent corporation business year.

③For a business year immediately preceding the commencement of consolidation prescribed in Article 63, paragraph (2) of the New Corporation Tax Act or a business year immediately preceding joining the consolidation prescribed in that paragraph of a corporation that ends before December 31, 2006, the provisions of Article 63, paragraph (2) of the New Corporation Tax Act apply by deeming the day five years before prescribed in the items of Article 61-11, paragraph (1) or the items of Article 61-12, paragraph (1) of the New Corporation Tax Act to be January 1, 2002.

The provisions of Article 69, paragraphs (5) through (7) of the New Corporation Tax Act apply to cases where a qualified merger, qualified company split, qualified capital contribution in kind or qualified post-formation acquisition of assets (referred to as a "qualified organizational restructuring" in this Article) is carried out on or after the Effective Date, and with regard to cases where a qualified organizational restructuring was carried out before the Effective Date, the provisions then in force continue to govern.

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.

The provisions of Article 71, paragraph (2) of the New Corporation Tax Act apply to corporation tax pertaining to an interim return for which the tax liability becomes established on or after the Effective Date, and with regard to corporation tax pertaining to an interim return for which the tax liability became established before the Effective Date, the provisions then in force continue to govern.

For the purpose of applying the provisions of Article 81-4, paragraphs (1) and (3) of the New Corporation Tax Act in a consolidated business year of a consolidated corporation (limited to one whose consolidated parent corporation is, as of the end of each consolidated business year, an ordinary corporation whose amount of capital or amount of capital contributions is 100 million yen or less, an ordinary corporation without capital or contributions (excluding a mutual company prescribed in the Insurance Business Act) or a cooperative, etc.) that begins during the period from April 1, 2002 to March 31, 2003 and ends on or after March 31, 2003, the phrase "50 percent" in those provisions is deemed to be replaced with "70 percent", and for the purpose of applying those provisions in a consolidated business year of the consolidated corporation that begins during the period from April 1, 2003 to March 31, 2004, the phrase "50 percent" in those provisions is deemed to be replaced with "60 percent".

The provisions of Article 81-6, paragraph (1) and paragraphs (3) through (7) of the New Corporation Tax Act apply to the amount of contributions or donations paid by a consolidated corporation on or after April 1, 2002, and the provisions of paragraph (2) of that Article apply to the amount of contributions or donations prescribed in that paragraph paid by a consolidated corporation on or after the day on which it received the approval referred to in Article 4-2 of the New Corporation Tax Act.

①In the case where a consolidated subsidiary corporation prescribed in Article 81-9, paragraph (2), item (ii) of the New Corporation Tax Act is an other domestic corporation prescribed in Article 4-2 of the New Corporation Tax Act that has received the approval referred to in that Article upon receiving the application of Article 3, paragraph (1) of the Supplementary Provisions, if the first day of the first consolidated business year (meaning the first consolidated business year prescribed in Article 15-2, paragraph (1) of the New Corporation Tax Act; the same applies hereinafter in this Article) of the consolidated subsidiary corporation falls on or after the day following the first day of the first consolidated business year of the consolidated parent corporation that has a consolidated full controlling interest with the consolidated subsidiary corporation, the provisions of Article 81-9 of the New Corporation Tax Act apply by deeming the net operating loss prescribed in Article 57, paragraph (1) of the New Corporation Tax Act (including an amount deemed to be a net operating loss pursuant to the provisions of paragraph (2) of that Article, and excluding an amount deemed not to exist pursuant to the provisions of paragraph (5) of that Article) or the net operating loss caused by a disaster prescribed in Article 58, paragraph (1) of the New Corporation Tax Act incurred in each business year that began within five years before the first day of the first consolidated business year of the consolidated subsidiary corporation to be the net operating loss specified in that item.

②Necessary matters concerning the application of the provisions of the preceding paragraph are specified by Cabinet Order.

The provisions of Article 81-15, paragraphs (5) through (7) of the New Corporation Tax Act apply to cases where a qualified organizational restructuring (meaning a qualified organizational restructuring prescribed in Article 13 of the Supplementary Provisions; the same applies hereinafter in this Article) is carried out on or after the Effective Date, and with regard to cases where a qualified organizational restructuring was carried out before the Effective Date, the provisions of Article 69, paragraphs (4) and (5) of the Former Corporation Tax Act are to be followed.

The provisions of Article 81-16, paragraph (4) of the New Corporation Tax Act apply to the acquiring corporation in a qualified merger prescribed in that paragraph carried out on or after the Effective Date in the case where a reassessment prescribed in paragraphs (1) through (3) of that Article is made after the consolidated corporation prescribed in that paragraph has been dissolved through the qualified merger, and with regard to the acquiring corporation in a merger carried out before the Effective Date in the case where the reassessment is made after a domestic corporation that carried out accounting by disguising facts has been dissolved through the merger, the provisions of Article 70, paragraph (3) of the Former Corporation Tax Act are to be followed.

①The provisions of Articles 81-19 through 81-21 and Article 81-26 of the New Corporation Tax Act apply, with regard to a domestic corporation prescribed in Article 3, paragraph (1) of the Supplementary Provisions that has received the approval referred to in Article 4-2 of the New Corporation Tax Act upon receiving the application of the provisions of that paragraph, to each consolidated business year on or after the consolidated business year following the first consolidated business year (meaning the first consolidated business year prescribed in Article 15-2, paragraph (1) of the New Corporation Tax Act; the same applies hereinafter in this Article) of the domestic corporation.

②In the case where there is a day on which six months have elapsed (meaning the day on which six months have elapsed from the first day of the first consolidated business year of those corporations; the same applies hereinafter in this paragraph) within the period of the first consolidated business year of the domestic corporation prescribed in the preceding paragraph (limited to an ordinary corporation) or the first consolidated business year of another domestic corporation (limited to one that has a consolidated full controlling interest with the domestic corporation as of the end of that first consolidated business year) (limited to the first consolidated business year of the other domestic corporation that includes the last day of the first consolidated business year of the domestic corporation), the provisions of Articles 71 through 73 and Article 76 of the New Corporation Tax Act apply to the business year of those corporations that includes the day on which six months have elapsed by deeming it to be a business year for which corporation tax on income for each business year is imposed.

③In the case referred to in the preceding paragraph, when an interim return under the provisions of Article 71 or Article 72 of the New Corporation Tax Act has been filed, the provisions of Articles 81-22, 81-27, 81-30 and 134 of the New Corporation Tax Act and Article 57 of the Act on General Rules for National Taxes apply by deeming the interim return so filed and the interim payment pertaining to the interim return to be a consolidated interim return and the interim payment pertaining to the consolidated interim return.

For the purpose of applying the provisions of Article 93, paragraph (2), item (ii) of the New Corporation Tax Act with regard to the calculation of the amount of liquidation income upon a dissolution during the period from March 31, 2003 to March 31, 2004 of an ordinary corporation that is a domestic corporation (excluding an ordinary corporation whose amount of capital or amount of capital contributions at the time of dissolution exceeds 100 million yen and a mutual company prescribed in the Insurance Business Act) or a cooperative, etc., the phrase "50 percent" in that item is deemed to be replaced with "70 percent" for a dissolution on March 31, 2003, and with "60 percent" for a dissolution during the period from April 1, 2003 to March 31, 2004.

The provisions of Article 132-3 of the New Corporation Tax Act apply to acts or calculations carried out by a corporation on or after the Effective Date that pertain to corporation tax on consolidated income for each consolidated business year of the corporation ending on or after March 31, 2003, or to corporation tax on income for each business year beginning on or after April 1, 2002 and ending on or after the Effective Date.

The provisions of Article 7, paragraph (3) of the Supplementary Provisions of the Act Partially Amending the Corporation Tax Act, etc. (Act No. 24 of 1998) as amended by Article 9 apply to cases where a qualified company split by spin-off, etc. (meaning a qualified company split by spin-off, qualified capital contribution in kind or qualified post-formation acquisition of assets; the same applies hereinafter in this Article) is carried out on or after April 1, 2003, and with regard to cases where a qualified company split by spin-off, etc. is carried out before that date, the provisions then in force continue to govern.

Beyond what is provided for in Article 2 of the Supplementary Provisions through the preceding Article, transitional measures necessary in connection with the enforcement of the provisions of this Act are specified by Cabinet Order.