Supplementary Provisions, Article 4Application of Provisions on Enterprise Tax

①The provisions of the New Act relating to individual enterprise tax apply from individual enterprise tax for fiscal year 1975, and the provisions then in force continue to govern individual enterprise tax up to fiscal year 1974.

②With regard to the application of the provisions of Article 72-17, paragraph (3), item (i) of the New Act, only for individual enterprise tax for fiscal year 1975, the phrase "300,000 yen" in that item is deemed to be replaced with "275,000 yen".

③Except as otherwise specially provided, the provisions of the New Act relating to corporate enterprise tax apply to corporate enterprise tax for business years ending on or after the Effective Date and to corporate enterprise tax on liquidation income arising from dissolution or merger on or after the Effective Date (including corporate enterprise tax for a business year in liquidation of a corporation subject to enterprise tax on liquidation income and corporate enterprise tax payable upon a partial distribution of residual assets; the same applies hereinafter in this Article), and the provisions then in force continue to govern corporate enterprise tax for business years that ended before the Effective Date and corporate enterprise tax on liquidation income arising from dissolution or merger before the Effective Date.

④The provisions of Article 72-14, paragraph (1), proviso of the New Act (limited to the part relating to Article 55 of the Act on Special Measures Concerning Taxation (Act No. 26 of 1957)) apply to specified shares, etc. prescribed in Article 55, paragraph (1) of that Act that a corporation acquires on or after the Effective Date, and the provisions then in force continue to govern specified shares, etc. prescribed in Article 55, paragraph (1) of the Act on Special Measures Concerning Taxation prior to amendment by the Act Partially Amending the Act on Special Measures Concerning Taxation (Act No. 16 of 1975) that a corporation acquired before the Effective Date.

⑤The provisions of Article 72-22, paragraph (8) of the New Act apply to corporate enterprise tax for business years ending on or after October 1, 1975 and to corporate enterprise tax on liquidation income arising from dissolution or merger on or after that date, and the provisions then in force continue to govern corporate enterprise tax for business years that ended before that date and corporate enterprise tax on liquidation income arising from dissolution or merger before that date.