Supplementary Provisions, Article 3Transitional Measures Concerning Enterprise Tax

①The provisions of Article 72-14, paragraph (1) 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 the Act on Special Measures Concerning Taxation that a corporation acquires on or after the Effective Date (including 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 and the Act on Fund for Smooth Management of National Tax Revenue (Act No. 11 of 1978; hereinafter referred to as "Act No. 11 of 1978") to which the provisions of Article 15, paragraph (2) of the Supplementary Provisions of Act No. 11 of 1978 apply (hereinafter in this paragraph referred to as "specified shares, etc. under the special measure")), 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 that a corporation acquired before the Effective Date (excluding specified shares, etc. under the special measure).

②The provisions of Article 9, paragraph (1) of the Supplementary Provisions of the New Act apply to corporate enterprise tax on liquidation income arising from merger on or after the Effective Date, and the provisions then in force continue to govern corporate enterprise tax on liquidation income arising from merger before the Effective Date.