Supplementary Provisions, Article 9Transitional Measures Accompanying Partial Amendment of the Local Tax Act

The provisions of Article 10, paragraph (7) of the Supplementary Provisions of the Local Tax Act prior to amendment by the provisions of the preceding Article remain in force with respect to real property acquisition tax imposed on the acquisition of real property by an agreement bank through the transfer of all or part of the business of a failed credit cooperative (meaning a failed credit cooperative prescribed in Article 7, paragraph (1) of the Supplementary Provisions of the Former Act; the same applies hereinafter in this Article) that it carries out, under the provisions of the former agreement, with the mediation of the Minister of Finance prescribed in Article 8, paragraph (1), item (i) of the Supplementary Provisions of the Former Act, or through the purchase of assets of a failed credit cooperative that it carries out upon entrustment by the Organization prescribed in item (ii) of that paragraph. In this case, in Article 10, paragraph (7) of the Supplementary Provisions of the Local Tax Act prior to amendment by the provisions of the preceding Article, "Deposit Insurance Act" is deemed to be replaced with "the Deposit Insurance Act prior to amendment by the Act Partially Amending the Deposit Insurance Act (Act No. 4 of 1998), which remains in force pursuant to Article 2, paragraph (2) of the Supplementary Provisions of that Act", and in Article 31-2-2, paragraph (1) of the Supplementary Provisions of the Local Tax Act, "paragraph (6)" is deemed to be replaced with "paragraph (6) or Article 10, paragraph (7) of the Supplementary Provisions of the Local Tax Act prior to amendment by Article 8 of the Supplementary Provisions of the Act Partially Amending the Deposit Insurance Act (Act No. 4 of 1998), which remains in force pursuant to Article 9 of the Supplementary Provisions of that Act".