Supplementary Provisions, Article 7

①The provisions of Article 72-22, paragraph (1), item (ii) and paragraph (3), and Article 72-48, paragraph (1) of the New Act apply from corporate enterprise tax for the business year that includes the date of enforcement of this Act and corporate enterprise tax on liquidation income from dissolution or merger on or after that date (including corporate enterprise tax for business years in liquidation and corporate enterprise tax to be paid upon the distribution of part of residual assets; the same applies hereinafter), and the provisions then in force continue to govern corporate enterprise tax for each business year through the business year immediately preceding the business year that includes that date and corporate enterprise tax on liquidation income from dissolution or merger before that date.

②Where the business year of a corporation that includes the date of enforcement of this Act exceeds six months, if the time limit under the proviso to Article 72-26, paragraph (1) or Article 72-27, paragraph (1) of the Former Act relating to the enterprise tax for that business year is before that date, the provisions then in force continue to govern the enterprise tax filed and paid, or that should have been filed and paid, by that time limit.