Supplementary Provisions, Article 16Application of Provisions on Special Provisions for Tokyo Metropolis

The provisions of Article 734, paragraph (3) of the New Act apply to Tokyo inhabitant tax for business years of corporations that began on or after January 1, 1966 and end on or after the Effective Date, and business years that began before January 1, 1966 and end on or after June 30, 1966, and to Tokyo inhabitant tax on the corporation tax amount relating to liquidation income from dissolution or merger on or after the Effective Date (including Tokyo inhabitant tax on the corporation tax amount for business years in liquidation of corporations subject to corporation tax on liquidation income and on the corporation tax amount to be paid upon the distribution of part of residual assets; the same applies hereinafter), and the provisions then in force continue to govern Tokyo inhabitant tax on the corporation tax amount for business years of corporations that began before January 1, 1966 and ended before June 30, 1966, and business years that began on or after January 1, 1966 and ended before the Effective Date, and Tokyo inhabitant tax on the corporation tax amount relating to liquidation income from dissolution or merger before the Effective Date. In this case, in applying the provisions of that paragraph to Tokyo inhabitant tax on the corporation tax amount on income for a business year of a corporation that began before January 1, 1966 and ends on or after June 30, 1966, the phrase "14.7 percent" in that paragraph is deemed to be replaced with "14.3 percent", and the phrase "17.7 percent" with "17.2 percent".