Supplementary Provisions, Article 29Transitional Measures Accompanying the Partial Amendment of the Order for Enforcement of the Income Tax Act

①The provisions of Articles 51 and 51-2 of the Order for Enforcement of the Income Tax Act after amendment by the provisions of Article 52 (hereinafter in the following paragraph referred to as the "New Order for Enforcement of the Income Tax Act") apply to interest on public and corporate bonds or similar interests, distributions of proceeds, or dividends of surplus prescribed in Article 11, paragraph (1) or (2), or paragraph (3) of the Income Tax Act (Act No. 33 of 1965) that a Domestic Corporation or Foreign Corporation, or a public interest trust or participant protection trust, prescribed in those provisions is to receive payment of on or after the Effective Date, and the provisions then in force continue to govern that interest on public and corporate bonds or similar interests, those distributions of proceeds, or those dividends of surplus that the Domestic Corporation or Foreign Corporation, or the public interest trust or participant protection trust, is to receive payment of before the Effective Date.

②The provisions of Article 335, paragraph (1) and Article 336, paragraphs (1) and (2) of the New Order for Enforcement of the Income Tax Act apply to interest and similar income or dividends and similar income prescribed in Article 224, paragraph (1) of the Income Tax Act for which payment is determined on or after the Effective Date, and the provisions then in force continue to govern that interest and similar income or those dividends and similar income for which payment was determined before the Effective Date.