Supplementary Provisions, Article 5Application of Provisions on Enterprise Tax

①The provisions of Article 72-4, paragraph (3) of the New Act apply from the enterprise tax for the business year of a corporation that includes the Effective Date and the enterprise tax on liquidation income from dissolution or merger on or after that date (including the corporate enterprise tax for business years in liquidation and the 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 the enterprise tax of a corporation for each business year through the business year immediately preceding the business year that includes that date and the enterprise tax on liquidation income from dissolution or merger before that date.

②The provisions of Article 72-26, paragraph (6) of the New Act apply from the corporate enterprise tax for which the return due date prescribed in the main clause of Article 72-26, paragraph (1) of the New Act arrives on or after the Effective Date, and the provisions then in force continue to govern the corporate enterprise tax for which the return due date prescribed in the main clause of Article 72-26, paragraph (1) of the New Act arrived before that date.

③The provisions of Article 72-33-2, paragraphs (1) through (3) of the New Act apply to the case where a corporation comes to fall under the cases prescribed in those provisions on or after the Effective Date, and the provisions then in force continue to govern the case where a corporation came to fall under the cases prescribed in those provisions before that date.

④Except as otherwise provided, the provisions of the New Act relating to individual enterprise tax apply from individual enterprise tax for fiscal year 1966, and the provisions then in force continue to govern individual enterprise tax through fiscal year 1965.

⑤In applying Article 72-17, paragraph (3) or (4) of the New Act, a return filed before the Effective Date under the provisions of the Former Act for which the New Act has a corresponding provision is deemed to be a return filed under the corresponding provision of the New Act.

⑥In applying Article 72-17, paragraph (3) or (4) of the New Act, where the amount of loss, or the amount of loss on disaster-damaged business assets, arising in each year of the three years preceding the previous year prescribed in those provisions includes an amount deducted under Article 72-17, paragraph (3) or (4) of the Former Act in calculating the business income of an individual for each year, the amount obtained by deducting the deducted amount from the amount equivalent to that amount of loss or amount of loss on disaster-damaged business assets is deemed to be that amount of loss or amount of loss on disaster-damaged business assets.

⑦The provisions of Article 72-17, paragraph (7) of the New Act apply from the amount of loss under Article 72-17, paragraph (6) of the New Act that occurred on or after January 1, 1966.