Supplementary Provisions, Article 3Application of Provisions on Enterprise Tax

①The provisions of the proviso to Article 72-14, paragraph (1) of the New Act apply to the calculation of income for each business year for business years beginning on or after April 1, 1971 (hereinafter referred to as the "Effective Date"), and the provisions then in force continue to govern the calculation of income for each business year for business years that began before that date; provided, however, that the provisions of the proviso to Article 72-14, paragraph (1) of the Local Tax Act prior to the amendment (hereinafter referred to as the "Former Act") remain in force with respect to the calculation of income for each business year that forms the tax base of enterprise tax on a corporation that, pursuant to the provisions of Article 13, paragraph (2) of the Supplementary Provisions of the Act Partially Amending the Act on Special Measures Concerning Taxation (Act No. 22 of 1971), is to be governed by the provisions of Article 56 of the Act on Special Measures Concerning Taxation (Act No. 26 of 1957) prior to amendment by that Act.

②The provisions of Article 72-18 of the New Act apply from individual enterprise tax for fiscal year 1971, and the provisions then in force continue to govern individual enterprise tax up to fiscal year 1970.