Local Tax Act

For the time being, with respectregard to corporate prefectural inhabitant tax and municipal inhabitant tax for each business year of a small and medium sized enterprise, etc. (meaning a small and medium sized enterprise, etc. prescribed in Article 42-12-5, paragraph (2) of the Act on Special Measures Concerning Taxation (referred to as "small and medium-sized enterprises, etc."; hereinafter in the following paragraph through paragraph (11)(15) and paragraphs (13)(17) through (15)), in the application of Article 23, paragraph (1), item (iv), (a) and Article 292, paragraph (1), item (iv), (a) (19) referred to as "small and medium sized enterprise, etc."), in the case where there is an amount deducted pursuant to Article 42-4, paragraph (14) of the Act on Special Measures Concerning Taxation from the corporation tax amount for that business year, the for the application of Article 23, paragraph (1), item (iv), (a) and Article 292, paragraph (1), item (iv), (a), the phrase "Article 42-4," in those provisions is deemed to be replaced with "Article 42-4, paragraphs (1), (4) and (7), and paragraph (8), item (vi), (b) and item (vii),", and "及び" (and) following "excluding" in those provisions)" with "並びに" (and, connecting a larger group).

For the time being, with respectregard to corporate prefectural inhabitant tax and municipal inhabitant tax for each business year of a small and medium sized enterprise, etc., in the application of Article 23, paragraph (1), item (iv) and Article 292, paragraph (1), item (iv) in the case where there is an amount deducted pursuant to Article 42-4-2, paragraph (1) of the Act on Special Measures Concerning Taxation from the corporation tax amount for that business year, the for the application of Article 23, paragraph (1), item (iv) and Article 292, paragraph (1), item (iv), the phrase "Article 42-4-2" in Article 23, paragraph (1), item (iv), (a) and Article 292, paragraph (1), item (iv), (a) is deemed to be replaced with "Article 42-4-2, paragraph (2)", and the phrase "Article 42-4-2, Article 42-1042-5" in Article 23, paragraph (1), item (iv), (b) and Article 292, paragraph (1), item (iv), (b) with "Article 42-1042-5".

In the case where there is an amount deducted pursuant to Article 42-5, paragraph (1) of the Act on Special Measures Concerning Taxation from the corporation tax amount for each business year of a small and medium sized enterprise, etc., for the application of Article 23, paragraph (1), item (iv) and Article 292, paragraph (1), item (iv), the phrase "Article 42-5" in Article 23, paragraph (1), item (iv), (a) and Article 292, paragraph (1), item (iv), (a) is deemed to be replaced with "Article 42-5, paragraph (2) and paragraph (3), item (ii)", "(10) through (13)) and Article 66-9-3" with "(10) through (13)) and Article 66-9-3", and the phrase "Article 42-5" in Article 23, paragraph (1), item (iv), (b) and Article 292, paragraph (1), item (iv), (b) with "Article 42-5, paragraph (2)".

In the case where there is an amount deducted pursuant to Article 42-5, paragraph (2) of the Act on Special Measures Concerning Taxation from the corporation tax amount for each business year of a small and medium sized enterprise, etc., for the application of Article 23, paragraph (1), item (iv) and Article 292, paragraph (1), item (iv), the phrase "Article 42-5" in Article 23, paragraph (1), item (iv), (a) and Article 292, paragraph (1), item (iv), (a) is deemed to be replaced with "Article 42-5, paragraph (1) and paragraph (3), item (ii)", "(10) through (13)) and Article 66-9-3" with "(10) through (13)) and Article 66-9-3", and the phrase "Article 42-5" in Article 23, paragraph (1), item (iv), (b) and Article 292, paragraph (1), item (iv), (b) with "Article 42-5, paragraph (1)".

In the case where there is an amount added, pursuant to Article 42-4, paragraph (8), item (vi), (b) or item (vii) of the Act on Special Measures Concerning Taxation as applied mutatis mutandis pursuant to Article 42-5, paragraph (3), item (ii) of that Act, to the corporation tax amount for each business year of a small and medium sized enterprise, etc., for the application of Article 23, paragraph (1), item (iv), (a), Article 53, paragraphs (3), (8), (13) and (19), paragraph (23), item (i), and paragraph (26), Article 292, paragraph (1), item (iv), (a) and Article 321-8, paragraphs (3), (8), (13) and (19), paragraph (23), item (i), and paragraph (26), the phrase "Article 42-5," in Article 23, paragraph (1), item (iv), (a) and Article 292, paragraph (1), item (iv), (a) is deemed to be replaced with "Article 42-5, paragraphs (1) and (2) and Article 42-4, paragraph (14) as applied mutatis mutandis pursuant to Article 42-5, paragraph (3), item (ii),", "(10) through (13)) and Article 66-9-3" with "(10) through (13)) and Article 66-9-3", and the phrase "Article 42-14, paragraph (1)" in Article 53, paragraphs (3), (8), (13) and (19), paragraph (23), item (i), and paragraph (26) and Article 321-8, paragraphs (3), (8), (13) and (19), paragraph (23), item (i), and paragraph (26) with "Article 42-4, paragraph (8), item (vi), (b) or item (vii) as applied mutatis mutandis pursuant to Article 42-5, paragraph (3), item (ii), Article 42-14, paragraph (1)".

In the case where there is an amount deducted, pursuant to Article 42-4, paragraph (14) of the Act on Special Measures Concerning Taxation as applied mutatis mutandis pursuant to Article 42-5, paragraph (3), item (ii) of that Act, from the corporation tax amount for each business year of a small and medium sized enterprise, etc., for the application of Article 23, paragraph (1), item (iv), (a) and Article 292, paragraph (1), item (iv), (a), the phrase "Article 42-5," in those provisions is deemed to be replaced with "Article 42-5, paragraphs (1) and (2) and Article 42-4, paragraph (8), item (vi), (b) and item (vii) as applied mutatis mutandis pursuant to Article 42-5, paragraph (3), item (ii),", and "及び" (and) following "excluding)" with "並びに" (and, connecting a larger group).

Where a corporation to which Article 53, paragraph (7) or Article 321-8, paragraph (7) applies is, as of the last day of its business year of the merger, etc. prescribed in those provisions, a specified medical care corporation, with respect to the application of Article 53, paragraph (9) and Article 321-8, paragraph (9) to the prefectural inhabitant tax and municipal inhabitant tax of that corporation, "each item of paragraph (4)" in those provisions is deemed to be replaced with "each item of paragraph (4) as the terms are replaced pursuant to Article 8, paragraph (16)(20) of the Supplementary Provisions".

Where a corporation to which Article 53, paragraph (11) or Article 321-8, paragraph (11) applies is, as of the last day of that business year of the corporation, a specified medical care corporation, with respect to the application of Article 53, paragraph (12) and Article 321-8, paragraph (12) to the prefectural inhabitant tax and municipal inhabitant tax of that corporation, "each item of paragraph (4)" in those provisions is deemed to be replaced with "each item of paragraph (4) as the terms are replaced pursuant to Article 8, paragraph (16)(20) of the Supplementary Provisions".

Where a corporation to which Article 53, paragraph (17) or Article 321-8, paragraph (17) applies is, as of the last day of that business year of the corporation, a specified medical care corporation, with respect to the application of Article 53, paragraph (18) and Article 321-8, paragraph (18) to the prefectural inhabitant tax and municipal inhabitant tax of that corporation, "each item of paragraph (4)" in those provisions is deemed to be replaced with "each item of paragraph (4) as the terms are replaced pursuant to Article 8, paragraph (16)(20) of the Supplementary Provisions".

Where a corporation to which Article 53, paragraph (19) or Article 321-8, paragraph (19) applies is, as of the last day of the first business year after the business year in which the allocated deficit deduction amount prescribed in those provisions arose, a specified medical care corporation, with respect to the application of Article 53, paragraph (20) and Article 321-8, paragraph (20) to the prefectural inhabitant tax and municipal inhabitant tax of that corporation, "each item of paragraph (14)" in those provisions is deemed to be replaced with "each item of paragraph (14) as the terms are replaced pursuant to Article 8, paragraph (19)(23) of the Supplementary Provisions".

Where a corporation to which Article 53, paragraph (26) or Article 321-8, paragraph (26) applies is, as of the last day of the first business year after the business year or interim period (meaning the interim period prescribed in Article 80, paragraph (5) of the Corporation Tax Act) in which the deficit eligible for a refund prescribed in those provisions arose, a specified medical care corporation, with respect to the application of Article 53, paragraph (27) and Article 321-8, paragraph (27) to the prefectural inhabitant tax and municipal inhabitant tax of that corporation, "each item of paragraph (14)" in those provisions is deemed to be replaced with "each item of paragraph (14) as the terms are replaced pursuant to Article 8, paragraph (19)(23) of the Supplementary Provisions".