Supplementary Provisions, Article 2Transitional Measures Concerning Revenue from Distributions of Proceeds of Investment Trusts, etc.

The provisions of Article 59, paragraph (1) (Revenue Pertaining to Distributions of Proceeds of Investment Trusts, etc.) of the Order for Enforcement of the Income Tax Act after amendment (hereinafter referred to as the "New Order") apply to the termination of the trust or partial cancellation of the trust contract, prescribed in that paragraph, of Investment Trusts, etc. prescribed in that paragraph on or after the day on which this Cabinet Order comes into effect (hereinafter referred to as the "Effective Date"), and the provisions then in force continue to govern the termination of the Securities Investment Trust or partial cancellation of the Securities Investment Trust contract, prescribed in that paragraph, of an Open-Ended Securities Investment Trust under Article 59, paragraph (1) (Revenue Pertaining to Distributions of Proceeds of Investment Trusts, etc.) of the Order for Enforcement of the Income Tax Act prior to amendment (hereinafter referred to as the "Former Order"), and the termination of the trust or partial cancellation of the trust contract, prescribed in paragraph (2) of that Article, of Investment Trusts, etc. prescribed in that paragraph, before the Effective Date.