Supplementary Provisions, Article 8Application of Provisions on Enterprise Tax

①The provisions of Article 72-14, paragraph (1), proviso of the New Act apply to the calculation of income for each business year for business years ending on or after April 1, 1969, and the provisions then in force continue to govern the calculation of income for each business year for business years that ended before that date; provided, however, that the provisions of Article 72-14, paragraph (1), proviso of the Former Act remain in force with respect to the calculation of income for each business year for business years to which the provisions of Article 55, paragraph (3) of the Act on Special Measures Concerning Taxation (Act No. 26 of 1957) prior to amendment by the Act Partially Amending the Act on Special Measures Concerning Taxation (Act No. 15 of 1969), which are to remain in force pursuant to the provisions of Article 12, paragraph (2) of the Supplementary Provisions of that amending Act, apply.

②Except as otherwise specially provided, the provisions of the New Act relating to individual enterprise tax apply from individual enterprise tax for fiscal year 1969, and the provisions then in force continue to govern individual enterprise tax up to fiscal year 1968.

③The provisions of Article 72-17, paragraphs (6) and (10) of the New Act apply to the amount of loss arising in each year on or after 1968, and the provisions then in force continue to govern the amount of loss arising in each year on or before 1967.