This Act comes into effect on April 1, 2006; provided, however, that the provisions set forth in the following items come into effect as of the days specified in those items.

Except as otherwise provided in these Supplementary Provisions, the provisions of the Corporation Tax Act as amended by the provisions of Article 2 (hereinafter referred to as "the New Corporation Tax Act" in the Supplementary Provisions up to Article 57) apply to corporation tax on income for business years of a corporation (including an association or foundation without juridical personality prescribed in Article 2, item (viii) of the New Corporation Tax Act; the same applies hereinafter in the Supplementary Provisions up to Article 57) commencing on or after the Effective Date, corporation tax on consolidated income for consolidated business years of a consolidated corporation commencing on or after the Effective Date, corporation tax on income for calculation periods of a corporation that is the trustee of a specified trust commencing on or after the Effective Date, and corporation tax on liquidation income resulting from the dissolution of a corporation (excluding dissolution due to a merger; the same applies hereinafter in this Article) on or after the Effective Date (including corporation tax on income for a business year in liquidation of a corporation that is subject to corporation tax on liquidation income and corporation tax to be paid due to a partial distribution of residual assets; the same applies hereinafter in this Article), and with regard to corporation tax on income for business years of a corporation that commenced before the Effective Date, corporation tax on consolidated income for consolidated business years of a consolidated corporation that commenced before the Effective Date, corporation tax on income for calculation periods of a corporation that is the trustee of a specified trust that commenced before the Effective Date, and corporation tax on liquidation income resulting from the dissolution of a corporation before the Effective Date, the provisions then in force continue to govern.

①The provisions of Article 2, items (xii)-6-3 through (xii)-7 of the New Corporation Tax Act apply to share exchanges and share transfers carried out on or after October 1, 2006.

②The provisions of Article 2, items (xii)-9, (xii)-10 and (xii)-14 of the New Corporation Tax Act apply to company splits and contributions in kind carried out on or after the Companies Act Effective Date, and with regard to company splits carried out before the Companies Act Effective Date and contributions in kind prescribed in Article 2, item (xii)-14 of the Corporation Tax Act prior to the amendment by the provisions of Article 2 (hereinafter referred to as "the Former Corporation Tax Act" in the Supplementary Provisions up to Article 58), the provisions then in force continue to govern.

③With regard to the application of the provisions of Article 2, items (xii)-8 through (xii)-14 of the New Corporation Tax Act during the period from the Effective Date until September 30, 2006, the phrase "item (xii)-16" in item (xii)-8 of that Article is deemed to be replaced with "item (xii)-14".

④The provisions of Article 2, items (xii)-16 and (xii)-17 of the New Corporation Tax Act apply to share exchanges and share transfers carried out on or after October 1, 2006.

The provisions of Article 2, items (xvi) through (xviii)-3 of the New Corporation Tax Act apply in the case where a reason for an increase or decrease in the amounts listed in those provisions arises on or after the Effective Date, and in the case where a reason for an increase or decrease in the amounts listed in Article 2, items (xvi) through (xviii)-3 of the Former Corporation Tax Act arose before the Effective Date, the provisions then in force continue to govern.

①The provisions of Article 23, paragraph (1) of the New Corporation Tax Act (limited to the part pertaining to item (i)) apply to the amount of dividends, etc. prescribed in that paragraph that a corporation receives whose record date for payment is a date on or after the Companies Act Effective Date (including the amount of dividends of surplus paid by a resolution under Article 454, paragraph (1) or (5) of the Companies Act or by a resolution of the board of directors in the case where the articles of incorporation provide as set forth in Article 459, paragraph (1) of that Act, whose record date for payment is a date before the Companies Act Effective Date (referred to as a "transitional dividend" in this paragraph and paragraph (3))), and with regard to the amount of dividends, etc. prescribed in Article 23, paragraph (1) of the Former Corporation Tax Act (limited to the part pertaining to item (i)) that a corporation received whose record date for payment is a date before the Companies Act Effective Date (excluding the amount of transitional dividends), the provisions then in force continue to govern.

②The provisions of Article 23, paragraph (3) of the New Corporation Tax Act apply to the amount of dividends, etc. prescribed in that paragraph that a corporation receives whose record date prescribed in that paragraph is a date on or after the Companies Act Effective Date, and with regard to the amount of dividends, etc. prescribed in Article 23, paragraph (3) of the Former Corporation Tax Act that a corporation received for which the last day of the period used as the basis of the calculation is before the Companies Act Effective Date, the provisions then in force continue to govern.

③The provisions of Article 24, paragraph (1) of the New Corporation Tax Act (limited to the part pertaining to item (iii)) apply in the case where a corporation receives a delivery of monies or other assets as a result of a refund of capital prescribed in that item (including a dividend of surplus prescribed in that item that constitutes a transitional dividend) whose record date for payment is a date on or after the Companies Act Effective Date, and with regard to the case where a corporation received a delivery of monies or other assets as a result of a reduction of capital or capital contributions prescribed in Article 24, paragraph (1), item (iii) of the Former Corporation Tax Act whose record date for payment is a date before the Companies Act Effective Date, the provisions then in force continue to govern.

④With regard to the case where a corporation received a delivery of monies or other assets as a result of a cancellation of shares prescribed in Article 24, paragraph (1), item (iv) of the Former Corporation Tax Act carried out before the Effective Date, the provisions then in force continue to govern.

⑤The provisions of Article 24, paragraph (1) of the New Corporation Tax Act (limited to the part pertaining to item (v)) apply in the case where a corporation receives a delivery of monies or other assets on or after the Effective Date on the grounds listed in that item concerning the corporation prescribed in that paragraph, and with regard to the case where a corporation received a delivery of monies or other assets as a result of a refund of equity prescribed in Article 24, paragraph (1), item (vi) of the Former Corporation Tax Act carried out before the Effective Date, the provisions then in force continue to govern.

⑥The provisions of Article 24, paragraph (1) of the New Corporation Tax Act (limited to the part pertaining to item (vi)) apply in the case where a corporation receives a delivery of monies or other assets as a result of an entity conversion prescribed in that item carried out on or after the Companies Act Effective Date.

⑦The provisions of Article 24, paragraph (2) of the New Corporation Tax Act apply to mergers carried out by a corporation on or after the Companies Act Effective Date, and with regard to mergers and company splits by split-off carried out by a corporation before the Companies Act Effective Date, the provisions then in force continue to govern.

With regard to the application of the provisions of Article 34 of the New Corporation Tax Act during the period from the Effective Date to the day preceding the Companies Act Effective Date, the phrase "remuneration based on share options as prescribed in Article 54, paragraph (1) (Special Provisions on the Business Year for Vesting Expenses in Exchange for Share Options, etc.) and remuneration other than these" in paragraph (1) of that Article is deemed to be replaced with "remuneration other than retirement allowances", and the phrase "under Article 404, paragraph (3) (Authority of Committees, etc.) of the Companies Act" in item (iii), (a), (2) of that paragraph is deemed to be replaced with "listed in Article 21-5, paragraph (1), item (iii) (Establishment of Committees and Executive Officers, etc.) of the Act on Special Provisions of the Commercial Code Concerning Audits, etc. of Stock Companies (Act No. 22 of 1974)".

①With regard to the amount of contributions or donations prescribed in Article 37, paragraph (1) of the Former Corporation Tax Act that a corporation paid in a business year that ended before the Companies Act Effective Date and for which it carried out the accounting treatment prescribed in that paragraph, the provisions then in force continue to govern.

②With regard to the application of the provisions of Article 37, paragraph (3) of the Former Corporation Tax Act in the case where a corporation pays the amount of contributions or donations prescribed in that paragraph in a business year ending during the period from the Effective Date to the day preceding the Companies Act Effective Date, the phrase "amount of capital, etc." in that paragraph is deemed to be replaced with "amount of stated capital, etc.".

The provisions of Article 42, paragraphs (1) and (2), Article 43, paragraph (1), Article 44, paragraph (1), Article 45, paragraphs (1) and (2), Article 46, paragraph (1), Article 47, paragraphs (1) and (2), Article 48, paragraph (1) and Article 49, paragraph (1) of the New Corporation Tax Act apply to corporation tax on income for business years of a corporation ending on or after the Companies Act Effective Date, and with regard to corporation tax on income for business years of a corporation that ended before the Companies Act Effective Date, the provisions then in force continue to govern.

①The provisions of Article 54 of the New Corporation Tax Act apply to share options prescribed in paragraph (1) of that Article for whose issuance a corporation adopts a resolution on or after the Companies Act Effective Date, succeeding share options prescribed in that paragraph pertaining to those share options, and share options prescribed in paragraph (5) of that Article.

②With regard to the application of the provisions of Article 54 of the New Corporation Tax Act in the case where a corporation carries out a merger, etc. prescribed in paragraph (1) of that Article during the period from the Companies Act Effective Date until September 30, 2006, the phrase "wholly owning parent corporation in a share exchange or wholly owning parent corporation in a share transfer" in that paragraph is deemed to be replaced with "wholly owning parent company in share exchange prescribed in Article 767 (Conclusion of a Share Exchange Agreement) of the Companies Act or wholly owning parent company incorporated in share transfer prescribed in Article 773, paragraph (1), item (i) (Share Transfer Plans) of that Act", and the phrase "wholly owned subsidiary corporation in a share exchange or wholly owned subsidiary corporation in a share transfer" is deemed to be replaced with "wholly owned subsidiary company in share exchange prescribed in Article 768, paragraph (1), item (i) of the Companies Act or wholly owned subsidiary company in share transfer prescribed in Article 773, paragraph (1), item (v) of that Act".

①The provisions of Article 55, paragraphs (1) and (2) of the New Corporation Tax Act apply to the amount of expenses prescribed in paragraph (1) of that Article (including as applied mutatis mutandis pursuant to paragraph (2); the same applies hereinafter in this paragraph) that a corporation pays on or after the Effective Date or the amount of losses prescribed in paragraph (1) of that Article that arise for a corporation on or after the Effective Date.

②The provisions of Article 55, paragraph (5) of the New Corporation Tax Act apply to the amount of expenses or losses prescribed in that paragraph that is equivalent to the sum of the amount of monies, the value of assets other than monies and the amount of economic benefits referred to in that paragraph that a corporation provides on or after the Effective Date.

The provisions of Article 57-2 of the New Corporation Tax Act apply to the net operating losses prescribed in paragraph (1) of that Article that arose in each business year prior to the applicable business year prescribed in that paragraph, in the case where, on or after the Effective Date, a corporation comes to have with another person prescribed in that paragraph a specified controlling interest prescribed in that paragraph held by that other person.

The provisions of Article 59, paragraphs (1) and (2) of the New Corporation Tax Act apply in the case where a corporation receives a release from an obligation prescribed in those provisions on or after the Companies Act Effective Date, and in the case where a corporation received a release from an obligation prescribed in Article 59, paragraphs (1) and (2) of the Former Corporation Tax Act before the Companies Act Effective Date, the provisions then in force continue to govern.

①The provisions of Article 61 of the New Corporation Tax Act apply to corporation tax on income for business years, ending on or after the Effective Date, of a corporation showing a loss, etc. prescribed in paragraph (1) of that Article. In this case, with regard to the application of the provisions of that paragraph where the applicable business year prescribed in that paragraph of the corporation showing a loss, etc. commences before the Effective Date and ends on or after the Effective Date, the phrases "the first day of the applicable business year prescribed in Article 57-2, paragraph (1) or applicable consolidated business year prescribed in Article 81-9-2, paragraph (1) (hereinafter referred to as the 'applicable business year, etc.' in this paragraph)" and "the first day of the applicable business year, etc." in that paragraph are deemed to be replaced with "April 1, 2006".

②With regard to the application of the provisions of Article 61 of the New Corporation Tax Act in a business year ending during the period from the Effective Date until September 30, 2006, the phrase ", Article 61-12, paragraph (1) (Gains or Losses on the Fair Valuation of Assets Accompanying Participation in Consolidated Taxation), or Article 62-9, paragraph (1) (Gains or Losses on the Fair Valuation of Assets Held by a wholly owned subsidiary corporation in a share exchange, etc. Involved in a Non-qualified Share Exchange, etc.)" in paragraph (1) of that Article is deemed to be replaced with ", or Article 61-12, paragraph (1) (Gains or Losses on the Fair Valuation of Assets Accompanying Participation in Consolidated Taxation)", and the phrase ", the business year immediately prior to participation in the consolidation prescribed in Article 61-12, paragraph (1), or the business year subject to the provisions of Article 62-9, paragraph (1)" is deemed to be replaced with ", or the business year immediately prior to participation in the consolidation prescribed in Article 61-12, paragraph (1)".

①With regard to the provisions of Article 61-2, paragraph (5) of the Former Corporation Tax Act, in the case where a transfer of the shares that a corporation holds in itself (including capital contributions) was carried out before the Effective Date, the provisions then in force continue to govern.

②With regard to the application of the provisions of Article 61-2, paragraphs (5) and (6) of the New Corporation Tax Act in the case where a corporation carries out a qualified merger or a Qualified Company Split by Split-Off in which it is the acquired corporation or the splitting corporation during the period from the Effective Date to the day preceding the Companies Act Effective Date, the phrase "a domestic corporation" in paragraph (5) of that Article is deemed to be replaced with "a domestic corporation, in relation to a qualified merger that it carried out,", and the phrase "a domestic corporation has delivered, as a result of a Qualified Company Split by Split-Off with itself as a splitting corporation, shares of a succeeding corporation in a company split involved in the Qualified Company Split by Split-Off to its shareholders, etc." in paragraph (6) of that Article is deemed to be replaced with "a domestic corporation is deemed, in relation to a Qualified Company Split by Split-Off that it carried out, to have delivered the shares prescribed in Article 62-2, paragraph (2) (Transfer of Assets, etc. at Book Value as a Result of Qualified Merger and Qualified Company Split by Split-Off) to the shareholders, etc. prescribed in that paragraph pursuant to the provisions of that paragraph as read by replacing terms pursuant to the provisions of Article 38, paragraph (2) (Transitional Measures Concerning Transfer, etc. of Assets, etc. at Fair Value as a Result of Merger and Company Split) of the Supplementary Provisions of the Act Partially Amending the Income Tax Act, etc., and Other Matters (Act No. 10 of 2006)", and the phrase "Article 62-2, paragraph (3)" is deemed to be replaced with "paragraph (2) of that Article".

③The provisions of Article 61-2, paragraphs (7) and (8) of the New Corporation Tax Act apply in the case where a share exchange or share transfer is carried out on or after October 1, 2006.

④The provisions of Article 61-2, paragraphs (9) and (10) of the New Corporation Tax Act apply in the case where a merger, etc. prescribed in paragraph (9) of that Article or an entity conversion prescribed in paragraph (10) of that Article is carried out on or after the Companies Act Effective Date.

⑤With regard to the application of the provisions of Article 61-2, paragraph (9) of the New Corporation Tax Act in the case where a merger, etc. prescribed in that paragraph is carried out during the period from the Companies Act Effective Date until September 30, 2006, the phrase "wholly owning parent corporation in a share exchange or wholly owning parent corporation in a share transfer" in that paragraph is deemed to be replaced with "wholly owning parent company in share exchange prescribed in Article 767 (Conclusion of a Share Exchange Agreement) of the Companies Act or wholly owning parent company incorporated in share transfer prescribed in Article 773, paragraph (1), item (i) (Share Transfer Plans) of that Act".

⑥The provisions of Article 61-2, paragraph (11) of the New Corporation Tax Act apply in the case where a ground specified in the items of that paragraph arises on or after the Companies Act Effective Date.

⑦The provisions of Article 61-2, paragraph (13) of the New Corporation Tax Act apply in the case where a refund of capital contributions prescribed in that paragraph is carried out on or after the Effective Date.

①The provisions of Article 61-11, paragraph (1), item (iv) of the New Corporation Tax Act apply to a corporation that is a wholly owned subsidiary corporation in a share exchange pertaining to a qualified share exchange carried out on or after October 1, 2006.

②The provisions of Article 61-11, paragraph (1), item (v) of the New Corporation Tax Act apply to a corporation listed in that item pertaining to a qualified merger, a quasi-merger Qualified Company Split by Split-Off prescribed in that item (hereinafter referred to as a "quasi-merger Qualified Company Split by Split-Off" in this paragraph and paragraph (5)), a qualified share exchange or a qualified share transfer carried out on or after October 1, 2006, and with regard to a corporation listed in Article 61-11, paragraph (1), item (iv) of the Former Corporation Tax Act pertaining to a qualified merger, a quasi-merger Qualified Company Split by Split-Off or a share transfer carried out before that date, the provisions then in force continue to govern.

③With regard to a corporation listed in Article 61-11, paragraph (1), item (vi) of the Former Corporation Tax Act pertaining to a share exchange carried out before October 1, 2006, the provisions then in force continue to govern.

④The provisions of Article 61-12, paragraph (1), item (ii) of the New Corporation Tax Act apply to a corporation that is a wholly owned subsidiary corporation in a share exchange pertaining to a qualified share exchange carried out on or after October 1, 2006.

⑤The provisions of Article 61-12, paragraph (1), item (iii) of the New Corporation Tax Act apply to a corporation listed in that item pertaining to a qualified merger, a quasi-merger Qualified Company Split by Split-Off or a qualified share exchange carried out on or after October 1, 2006, and with regard to a corporation listed in Article 61-12, paragraph (1), item (ii) of the Former Corporation Tax Act pertaining to a qualified merger or a quasi-merger Qualified Company Split by Split-Off carried out before that date, the provisions then in force continue to govern.

⑥With regard to a corporation listed in Article 61-12, paragraph (1), item (iv) of the Former Corporation Tax Act pertaining to a share exchange carried out before October 1, 2006, the provisions then in force continue to govern.

⑦With regard to the application of the provisions of Articles 61-11 and 61-12 of the Former Corporation Tax Act to a corporation incorporated through a share transfer during the period from the Companies Act Effective Date until September 30, 2006, the phrase "wholly owned subsidiary company prescribed in Article 352, paragraph (1) (Share Exchange) of the Commercial Code" in Article 61-11, paragraph (1), item (i) of the Former Corporation Tax Act is deemed to be replaced with "wholly owned subsidiary company in share transfer prescribed in Article 773, paragraph (1), item (v) (Share Transfer Plans) of the Companies Act".

①The provisions of Article 61-13, paragraph (1) of the New Corporation Tax Act apply in the case where a corporation transfers assets for capital gain or loss adjustment prescribed in that paragraph on or after the Effective Date, and in the case where a corporation transferred assets for capital gain or loss adjustment prescribed in Article 61-13, paragraph (1) of the Former Corporation Tax Act before the Effective Date, the provisions then in force continue to govern.

②In the case where a corporation held, on the day preceding the Effective Date, assets for capital gain or loss adjustment prescribed in Article 61-13, paragraph (2) of the Former Corporation Tax Act (limited to the shares or capital contributions that the corporation holds in itself), the provisions of that paragraph apply by deeming that the ground referred to in that paragraph arose with regard to those assets for capital gain or loss adjustment on the Effective Date.

①The provisions of Article 62, paragraph (1), Article 62-2, paragraph (3) and Article 62-6, paragraph (1) of the New Corporation Tax Act apply to company splits carried out by a corporation on or after the Companies Act Effective Date, and with regard to company splits carried out by a corporation before the Companies Act Effective Date, the provisions then in force continue to govern.

②With regard to the application of the provisions of Article 62-2 of the New Corporation Tax Act in the case where a corporation carried out a Qualified Company Split by Split-Off during the period from the Effective Date to the day preceding the Companies Act Effective Date, the phrase "the preceding paragraph (limited to the part pertaining to a qualified merger)" in paragraph (2) of that Article is deemed to be replaced with "the preceding paragraph", the phrase "acquiring corporation" is deemed to be replaced with "acquiring corporation or succeeding corporation in a company split", the phrase "Article 61-2, paragraph (3)" is deemed to be replaced with "Article 61-2, paragraph (4)", and the phrase "the qualified merger" is deemed to be replaced with "the qualified merger or Qualified Company Split by Split-Off referred to in the preceding paragraph".

The provisions of Article 62-8 of the New Corporation Tax Act apply to a non-qualified merger, etc. prescribed in paragraph (1) of that Article that a corporation carries out on or after the Companies Act Effective Date.

The provisions of Article 62-9 of the New Corporation Tax Act apply to share exchanges and share transfers carried out by a corporation on or after October 1, 2006.

The provisions of Article 63, paragraph (3) of the New Corporation Tax Act apply to corporation tax on income for business years of a corporation ending on or after October 1, 2006.

The provisions of Article 66, paragraphs (1) through (3) of the New Corporation Tax Act apply to corporation tax on income for business years of a corporation commencing on or after January 1, 2007, and with regard to corporation tax on income for business years of a corporation that commenced before that date, the provisions then in force continue to govern.

①The provisions of Article 67, paragraph (4) of the New Corporation Tax Act apply to dividends of surplus or dividends of profits whose record date for payment falls within a business year ending on or after the Companies Act Effective Date.

②The amount of bonuses for which the obligation has not been determined prescribed in Article 67, paragraph (2) of the Former Corporation Tax Act in a business year that commenced on or after the Effective Date and ended before the Companies Act Effective Date is to be included in the retained amount prescribed in Article 67, paragraph (3) of the New Corporation Tax Act.

The provisions of Article 69, paragraphs (8) and (11) of the New Corporation Tax Act apply in the case where there is an amount of dividends, etc. prescribed in those provisions whose record date for payment is a date on or after the Companies Act Effective Date, and in the case where there is an amount of dividends, etc. prescribed in Article 69, paragraphs (8) and (11) of the Former Corporation Tax Act whose record date for payment is a date before the Companies Act Effective Date, the provisions then in force continue to govern.

The provisions of Article 81-4, paragraph (2) of the New Corporation Tax Act apply to the amount of dividends, etc. prescribed in that paragraph that a consolidated corporation receives whose record date prescribed in that paragraph is a date on or after the Companies Act Effective Date, and with regard to the amount of dividends, etc. prescribed in Article 81-4, paragraph (2) of the Former Corporation Tax Act that a consolidated corporation received for which the last day of the period used as the basis of the calculation is before the Companies Act Effective Date, the provisions then in force continue to govern.

①With regard to the amount of contributions or donations prescribed in Article 81-6, paragraph (1) of the Former Corporation Tax Act that a consolidated corporation paid in a consolidated business year that ended before the Companies Act Effective Date and for which it carried out the accounting treatment prescribed in that paragraph, the provisions then in force continue to govern.

②With regard to the application of the provisions of Article 81-6, paragraph (3) of the Former Corporation Tax Act in the case where a consolidated corporation pays the amount of contributions or donations prescribed in that paragraph in a consolidated business year ending during the period from the Effective Date to the day preceding the Companies Act Effective Date, the phrase "amount of consolidated individual capital, etc." in that paragraph is deemed to be replaced with "amount of consolidated individual stated capital, etc.".

①The provisions of Article 81-9, paragraph (2), item (ii) of the New Corporation Tax Act apply to net operating losses or individually attributed amounts of consolidated losses specified in that item that arose in each business year or each consolidated business year prior to the business year or consolidated business year that includes the date of a share transfer, in the case where the consolidated subsidiary corporation referred to in that paragraph is a wholly owned subsidiary corporation in a share transfer pertaining to a share transfer that does not fall under a qualified share transfer and that it carries out on or after October 1, 2006, and with regard to net operating losses or individually attributed amounts of consolidated losses specified in item (ii) of that paragraph that arose in each business year or each consolidated business year prior to the business year or consolidated business year that includes the date of a share transfer, in the case where the consolidated subsidiary corporation referred to in Article 81-9, paragraph (2) of the Former Corporation Tax Act is a wholly owned subsidiary company prescribed in item (ii) of that paragraph pertaining to a share transfer that it carried out before October 1, 2006, the provisions then in force continue to govern.

②With regard to the application of the provisions of Article 81-9 of the Former Corporation Tax Act to a corporation incorporated through a share transfer during the period from the Companies Act Effective Date until September 30, 2006, the phrase "wholly owned subsidiary company prescribed in Article 352, paragraph (1) (Share Exchange) of the Commercial Code" in paragraph (2), item (ii) of that Article is deemed to be replaced with "wholly owned subsidiary company in share transfer prescribed in Article 773, paragraph (1), item (v) (Share Transfer Plans) of the Companies Act", and the phrase "wholly owning parent company" is deemed to be replaced with "wholly owning parent company incorporated in share transfer prescribed in item (i) of that paragraph".

The provisions of Article 81-9-2 of the New Corporation Tax Act apply to consolidated net operating losses prescribed in paragraph (1) of that Article that arose in each consolidated business year prior to the applicable consolidated business year prescribed in that paragraph, in the case where, on or after the Effective Date, a consolidated corporation comes to have with another person prescribed in that paragraph a specified controlling interest prescribed in that paragraph held by that other person.

①The provisions of Article 81-10, paragraph (1) of the New Corporation Tax Act apply in the case where a consolidated corporation transfers assets for capital gain or loss adjustment prescribed in that paragraph on or after the Effective Date, and in the case where a consolidated corporation transferred assets for capital gain or loss adjustment prescribed in Article 81-10, paragraph (1) of the Former Corporation Tax Act before the Effective Date, the provisions then in force continue to govern.

②In the case where a consolidated corporation held, on the day preceding the Effective Date, assets for capital gain or loss adjustment prescribed in Article 81-10, paragraph (2) of the Former Corporation Tax Act (limited to the shares or capital contributions that the corporation holds in itself), the provisions of that paragraph apply by deeming that the ground referred to in that paragraph arose with regard to those assets for capital gain or loss adjustment on the Effective Date.

The provisions of Article 81-12, paragraphs (1) through (3) of the New Corporation Tax Act apply to corporation tax on consolidated income for consolidated business years for which the consolidated parent corporation business year of a consolidated parent corporation prescribed in those provisions (meaning the consolidated parent corporation business year prescribed in Article 15-2, paragraph (1) of the New Corporation Tax Act; the same applies hereinafter in this Article and the following Article) commences on or after January 1, 2007, and with regard to corporation tax on consolidated income for consolidated business years for which the consolidated parent corporation business year of a consolidated parent corporation prescribed in Article 81-12, paragraphs (1) through (3) of the Former Corporation Tax Act commenced before that date, the provisions then in force continue to govern.

①The provisions of Article 81-13 of the New Corporation Tax Act apply to corporation tax on consolidated income for consolidated business years for which the consolidated parent corporation business year of the consolidated corporation referred to in paragraph (1) of that Article commences on or after the Effective Date, and with regard to corporation tax on consolidated income for consolidated business years for which the consolidated parent corporation business year of the consolidated corporation referred to in Article 81-13, paragraph (1) of the Former Corporation Tax Act commenced before the Effective Date, the provisions then in force continue to govern.

②The provisions of Article 81-13, paragraph (3) of the New Corporation Tax Act apply to dividends of surplus or dividends of profits whose record date for payment falls within a consolidated business year ending on or after the Companies Act Effective Date.

③The amount of bonuses for which the obligation has not been determined prescribed in Article 81-13, paragraph (2) of the Former Corporation Tax Act in a consolidated business year that commenced on or after the Effective Date and ended before the Companies Act Effective Date is to be included in the retained amount prescribed in Article 81-13, paragraph (2) of the New Corporation Tax Act.

The provisions of Article 81-15, paragraphs (8) and (11) of the New Corporation Tax Act apply in the case where there is an amount of dividends, etc. prescribed in those provisions whose record date for payment is a date on or after the Companies Act Effective Date, and in the case where there is an amount of dividends, etc. prescribed in Article 81-15, paragraphs (8) and (11) of the Former Corporation Tax Act whose record date for payment is a date before the Companies Act Effective Date, the provisions then in force continue to govern.

The provisions of Article 82-4 of the New Corporation Tax Act apply to corporation tax on income for calculation periods of a corporation that is the trustee of a specified trust commencing on or after January 1, 2007, and with regard to corporation tax on income for calculation periods of a corporation that is the trustee of a specified trust that commenced before that date, the provisions then in force continue to govern.

The provisions of Article 99, paragraphs (1) and (2) and Article 102, paragraph (1) of the New Corporation Tax Act apply to corporation tax on liquidation income resulting from the dissolution of a corporation (excluding dissolution due to a merger; the same applies hereinafter in this Article) on or after January 1, 2007 (including corporation tax on income for a business year in liquidation of a corporation that is subject to corporation tax on liquidation income and corporation tax to be paid due to a partial distribution of residual assets; the same applies hereinafter in this Article), and with regard to corporation tax on liquidation income resulting from the dissolution of a corporation before that date, the provisions then in force continue to govern.

①The provisions of Article 132, paragraph (3) of the New Corporation Tax Act apply to acts or calculations carried out by a corporation on or after the Effective Date.

②The provisions of Article 132-2 of the New Corporation Tax Act apply to acts or calculations carried out by a corporation on or after October 1, 2006, and with regard to acts or calculations carried out by a corporation before that date, the provisions then in force continue to govern.

The provisions of Article 143, paragraphs (1) through (3) of the New Corporation Tax Act apply to corporation tax on income for business years of a foreign corporation commencing on or after January 1, 2007, and with regard to corporation tax on income for business years of a foreign corporation that commenced before that date, the provisions then in force continue to govern.

The provisions of Article 145-4 of the New Corporation Tax Act apply to corporation tax on income for calculation periods of a foreign corporation that is the trustee of a specified trust commencing on or after January 1, 2007, and with regard to corporation tax on income for calculation periods of a foreign corporation that is the trustee of a specified trust that commenced before that date, the provisions then in force continue to govern.

With regard to public notices given by a district director pursuant to the provisions of Article 152 of the Former Corporation Tax Act before the Effective Date, the provisions then in force continue to govern.

With regard to the application of penal provisions to acts committed before this Act (or, for the provisions set forth in the items of Article 1 of the Supplementary Provisions, those provisions; the same applies hereinafter in this Article) comes into effect and to acts committed after this Act comes into effect in the cases where the provisions then in force continue to govern pursuant to the provisions of these Supplementary Provisions, the provisions then in force continue to govern.

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