Supplementary Provisions, Article 6Transitional Measures Concerning Procedures for Receiving the Special Provisions on the Timing of Attribution of Revenue and Expenses of Small Enterprises

①Where a Resident who has newly come to fall under a small enterprise prescribed in Article 67-2 (Timing of Attribution of Revenue and Expenses of Small Enterprises) of the Income Tax Act under the provisions of Article 195, item (i) (Requirements for Small Enterprises) of the New Order intends to receive the application of the provisions of Article 67-2 of the Income Tax Act with regard to income tax for 1974, the provisions of Article 197, paragraph (1) (Procedures for Receiving the Special Provisions on the Timing of Attribution of Revenue and Expenses) of the New Order apply with the phrase "March 15 of that year" in that paragraph deemed to be replaced with "May 31, 1974".

②The provisions of Article 197, paragraph (1) of the New Order (limited to the portion pertaining to the case where the business prescribed in that paragraph is commenced) apply to cases where that business is commenced on or after the Effective Date, and the provisions then in force continue to govern cases where that business was commenced before that date.