Article 53, paragraph (8)

With regardrespect to the calculation of the corporation tax amount that is to be the tax base of the corporation tax levy for thatthe business year 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 under , pursuant to the preceding paragraph, to have arisen in a business year that began within 10 years before the first day of thatstart date of the business year in question is to be deducted from the corporation tax amount that is to be the tax base of the corporation tax levy relating tofor the computation period of the tax base of the corporation tax amount to be filed and paidpaid through filing and payment under those provisions, up to the limit of that corporation tax amount (or, if there is an amount added with respectwhere 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 after deductingsubtracting the amount specified by Cabinet Order). In this case, the deductible pre-merger, etc. loss adjustment amount is limited to the amount that hascould not beenbe deducted from the corporation tax amount that is to be the tax base of the corporation tax levy for the previous business year or earlier.