Article 321-8, paragraph (8)

With regardrespect to the calculation of the corporation tax amount that serves asis the tax base of the corporation tax levy for the business year concerned to be paid by thein question that a corporation referred to in the preceding paragraph is to pay, notwithstanding paragraph (1), (34) or (35), the deductible pre-merger, etc. loss adjustment amount pertaining to the pre-merger loss amount deemed, pursuant to the preceding paragraph, to have arisen in a business year that began within 10 years before the start date of the business year concerned in question is to be deducted from the corporation tax amount serving asthat is the tax base of the corporation tax levy for the computation period of the tax base of thatthe corporation tax amount to be filed and paid pursuant to paid through filing and payment under those provisions, up to the amountlimit of that corporation tax amount (where there is an amount has been added to that corporation tax amount pursuant to Article 42-14, paragraph (1) or (4), Article 62, paragraph (1), Article 62-3, paragraph (1) or (9)(10), or Article 63, paragraph (1) of the Act on Special Measures Concerning Taxation, the amount remaining after deductingafter subtracting the amount specified by Cabinet Order). In this case, the deductible pre-merger, etc. loss adjustment amount is limited to the amount that wascould not be deducted from the corporation tax amount to serve as that is to be the tax base of the corporation tax levy for the previous business year andor earlier business years.