This Cabinet Order comes into effect as of June 1, 1967; provided, however, that the provisions amending Part I, Chapter II, Section 3 (Nontaxation of Interest Income on Small-Amount Deposits, etc.) of the Order for Enforcement of the Income Tax Act come into effect as of July 1 of that year.

The provisions of the Order for Enforcement of the Income Tax Act as amended (hereinafter referred to as the "New Order") apply, except as otherwise provided, to income tax for 1967 and subsequent years, and for income tax for 1966 and earlier years, the provisions then in force continue to govern.

②The provisions of the preceding paragraph apply mutatis mutandis where the earlier severance pay or other such compensation prescribed in that paragraph relates to payment made during the period from January 1, 1964 to December 31, 1966. In this case, the phrase "Article 9, paragraph (1), item (vi), (a) (Retirement Income Deduction) of the former Income Tax Act (Act No. 27 of 1947) prior to amendment by the Act Partially Amending the Income Tax Act (Act No. 20 of 1964) (being the amount calculated on the basis of the years of service calculated without applying Article 7-4, paragraph (1), item (vii) (Calculation of Years of Service) (including as applied mutatis mutandis pursuant to paragraph (4) of that Article) of the former Regulation for Enforcement of the Income Tax Act (Imperial Ordinance No. 110 of 1947) prior to amendment by the Cabinet Order Partially Amending the Regulation for Enforcement of the Income Tax Act (Cabinet Order No. 69 of 1964)" in the right-hand column of the table in that paragraph is deemed to be replaced with "Article 30, paragraph (3) (Retirement Income Deduction) of the Income Tax Act prior to amendment by the Act Partially Amending the Income Tax Act (Act No. 20 of 1967) (being the amount calculated on the basis of the years of service calculated without applying Article 74, paragraphs (2) and (3) (Special Provisions on Calculation of Years of Service for the Retirement Income Deduction) of the Order for Enforcement of the Income Tax Act prior to amendment by the Cabinet Order Partially Amending the Order for Enforcement of the Income Tax Act (Cabinet Order No. 105 of 1967".

The provisions of Article 114 (Acquisition Price of Shares Acquired through a Merger) and Article 116 (Acquisition Price of Shares Where a Distribution of Residual Assets Is Received upon Dissolution) of the New Order apply where money or other assets are acquired from a corporation that merged or was dissolved on or after the date of enforcement of the Act Partially Amending the Corporation Tax Act (Act No. 21 of 1967), and where money or other assets are acquired from a corporation that merged or was dissolved before that date, the provisions then in force continue to govern.

①The provisions of Article 122 (Depreciation Methods Using Special Depreciation Rates) of the New Order (limited to the part pertaining to the certification under paragraph (1) of that Article) and Article 130 (Shortening of Useful Life) of the New Order (limited to the part pertaining to the approval under paragraph (1) of that Article) apply from the applications that an individual submits on or after September 1, 1967 in order to obtain that certification or approval, and for those applications submitted before that date, the provisions then in force continue to govern.

②A certification or approval by the Commissioner of the National Tax Agency made pursuant to the provisions of Article 122 (Depreciation Methods Using Special Depreciation Rates) or Article 130 (Shortening of Useful Life) of the Order for Enforcement of the Income Tax Act prior to amendment (hereinafter referred to as the "Former Order"), or made according to the precedent of those provisions, is deemed to be a certification or approval by a regional commissioner made pursuant to the provisions of Article 122 or Article 130 of the New Order.