①With regard to a domestic corporation that falls under the category of a consolidated parent corporation as of March 31, 2022 (excluding one whose approval under Article 4-2 of the Former Corporation Tax Act is rescinded after that date under the provisions then in force, which continue to govern pursuant to the provisions of Article 16, paragraph (1) or (2) of the Supplementary Provisions, and one that obtained approval under Article 4-5, paragraph (3) of the Former Corporation Tax Act within the period of the consolidated parent corporation business year containing that date (including one that obtained approval under Article 4-5, paragraph (3) of the Former Corporation Tax Act under the provisions then in force, which continue to govern pursuant to the provisions of Article 16, paragraph (3) of the Supplementary Provisions)) and a consolidated subsidiary corporation that has a consolidated full controlling interest with the domestic corporation as of the day of the end of the consolidated parent corporation business year containing that date, approval under Article 64-9, paragraph (1) of the New Corporation Tax Act is deemed to have been given on the day following that date. In this case, the approval becomes effective as of that day.

②In the case where a consolidated parent corporation has submitted to the competent district director with jurisdiction over the place for tax payment, by the day preceding the first day of the business year that first starts on or after April 1, 2022, a report stating that it is to be subject to the provisions of this paragraph and other matters specified by Ministry of Finance Order, the provisions of the preceding paragraph do not apply to the consolidated parent corporation and a consolidated subsidiary corporation that has a consolidated full controlling interest with the consolidated parent corporation as of that preceding day.

③A corporation that has been subject to the provisions of the preceding paragraph and for which the period from the day following the day of the end of the last consolidated business year until the day of the end of the business year containing the day on which five years have elapsed from that day has not yet elapsed is deemed to be a corporation listed in Article 64-9, paragraph (1), item (iii) of the New Corporation Tax Act, and the provisions of that Article apply.

④A corporation that has obtained approval under Article 4-5, paragraph (3) of the Former Corporation Tax Act (including approval under Article 4-5, paragraph (3) of the Former Corporation Tax Act given under the provisions then in force, which continue to govern pursuant to the provisions of Article 16, paragraph (3) of the Supplementary Provisions; hereinafter referred to as "former approval" in this paragraph) and for which the period from the day following the day of the end of the business year containing the day on which it obtained the former approval until the day of the end of the business year containing the day on which five years have elapsed from that day has not yet elapsed is deemed to be a corporation listed in Article 64-9, paragraph (1), item (iii) of the New Corporation Tax Act, and the provisions of that Article apply.

⑤A corporation whose approval under Article 4-2 of the Former Corporation Tax Act was rescinded pursuant to the provisions of Article 4-5, paragraph (1) of the Former Corporation Tax Act (including a corporation whose approval under Article 4-2 of the Former Corporation Tax Act was rescinded under the provisions then in force, which continue to govern pursuant to the provisions of Article 16, paragraph (1) of the Supplementary Provisions) and for which the period from the date of rescission of those approvals until the day of the end of the business year containing the day on which five years have elapsed from that date has not yet elapsed is deemed to be a corporation listed in Article 64-9, paragraph (1), item (iv) of the New Corporation Tax Act, and the provisions of that Article apply.

⑥A domestic corporation that is deemed to fall under a corporation listed in any of the items of Article 64-11, paragraph (1) or any of the items of Article 64-12, paragraph (1) of the New Corporation Tax Act pursuant to the provisions of paragraph (3) or (5) of the following Article is deemed to fall under a corporation listed in any of the items of Article 64-11, paragraph (1) or any of the items of Article 64-12, paragraph (1) of the New Corporation Tax Act, and a domestic corporation that is deemed not to fall under a corporation listed in Article 64-11, paragraph (1), item (ii) or any of the items of Article 64-12, paragraph (1) of the New Corporation Tax Act pursuant to the provisions of paragraph (3) or (5) of the following Article is deemed not to fall under a corporation listed in Article 64-11, paragraph (1), item (ii) or any of the items of Article 64-12, paragraph (1) of the New Corporation Tax Act, respectively, and the provisions of Article 64-9, paragraphs (7), (10) and (12) of the New Corporation Tax Act apply.