Supplementary Provisions, Article 40

The provisions of Article 349-3, paragraph (3) of the New Act also apply to depreciable assets prescribed in that paragraph that were newly established on or after January 2, 1958 and on or before January 1, 1960. In this case, the tax base of fixed assets tax imposed on those depreciable assets is one-third of the price of the depreciable asset for the fiscal years, starting from fiscal year 1961, corresponding to the number obtained by subtracting from five the number of fiscal years from the fiscal year that includes April 1 of the year following the year that includes the date on which the depreciable asset was newly established (or, where that date is January 1, the year that includes that date) through fiscal year 1960, and two-thirds of the price of the depreciable asset for the following five fiscal years.