Supplementary Provisions, Article 4Transitional Measures Concerning Enterprise Tax

①Except as otherwise specially provided, the provisions of the New Act concerning corporate enterprise tax apply to corporate enterprise tax for each business year, and corporate enterprise tax for each calculation period, where a merger or division takes place on or after the Effective Date, and to corporate enterprise tax on liquidation income arising from dissolution where a dissolution takes place on or after the Effective Date (including corporate enterprise tax for the business year in liquidation of a corporation on which enterprise tax on liquidation income is imposed and corporate enterprise tax to be paid upon a partial distribution of residual assets; the same applies hereinafter in this paragraph), and the provisions then in force continue to govern corporate enterprise tax for each business year where a merger took place before the Effective Date, corporate enterprise tax on liquidation income arising from dissolution where a dissolution took place before the Effective Date, and corporate enterprise tax on liquidation income arising from merger where a merger took place before the Effective Date.

②The provisions of Article 72-43, paragraph (4) of the New Act apply to acts or calculations performed on or after March 31, 2001 by the transferring corporation prescribed in that paragraph relating to a merger, etc. prescribed in that paragraph made on or after the Effective Date (hereinafter in this paragraph referred to as the "transferring corporation"), the receiving corporation prescribed in Article 72-43, paragraph (4) of the New Act (hereinafter in this paragraph referred to as the "receiving corporation"), and a corporation that is a shareholder, etc. prescribed in Article 72-43, paragraph (4) of the New Act of the transferring corporation or the receiving corporation.