Supplementary Provisions, Article 4Transitional Measures Concerning the Special Provisions on Retirement Income Deduction

The provisions of Article 74, paragraph (2) (Special Provisions on the Calculation of the Retirement Income Deduction) of the New Order apply to the case where the earlier severance pay or other such compensation prescribed in that paragraph is to be paid on or after January 1, 1975, and where that earlier severance pay or other such compensation was paid in 1974, Article 74, paragraph (2) of the Order for Enforcement of the Income Tax Act prior to the amendment (hereinafter referred to as the "Former Order") is to be followed, with the phrase "Article 30, paragraph (3) of the Act" in that paragraph deemed to be replaced with "Article 30, paragraph (3) of the Act prior to the amendment by the Act Partially Amending the Income Tax Act (Act No. 13 of 1975)".