①Except as otherwise provided, the portion of the provisions of the New Act concerning corporate enterprise tax applies to corporate enterprise tax for business years beginning on or after April 1, 2004, corporate enterprise tax for calculation periods beginning on or after that date, and enterprise tax on liquidation income arising from a dissolution on or after that date (limited to a dissolution for which the first day of the business year that includes the day of the dissolution is on or after April 1, 2004, and excluding dissolution by merger; the same applies hereinafter in this paragraph and Article 32 of the Supplementary Provisions) (including corporate enterprise tax for business years in liquidation of a corporation subject to enterprise tax on liquidation income and corporate enterprise tax payable on a partial distribution of residual assets; the same applies hereinafter in this paragraph, paragraph (3), and Articles 21 and 32 of the Supplementary Provisions), and the provisions then in force continue to govern corporate enterprise tax for business years beginning before that date, corporate enterprise tax for calculation periods beginning before that date, and enterprise tax on liquidation income arising from a dissolution before that date.

②The provisions of Article 72-13, paragraphs (8), (14) and (17) and paragraphs (21) through (23) of the New Act apply to corporate enterprise tax for business years beginning on or after the Effective Date (excluding each business year within the period of the business year subject to the transitional measures (meaning the business year subject to the transitional measures prescribed in Article 3, paragraph (1) of the Supplementary Provisions of the Corporation Tax Act, etc. Amendment Act, limited to the period intended to be made the first consolidated business year prescribed in that paragraph; hereinafter referred to as the "business year subject to the transitional measures" in this paragraph) of the domestic corporation prescribed in Article 3, paragraph (1) of the Supplementary Provisions of the Corporation Tax Act, etc. Amendment Act that receives approval under Article 4-2 of the Former Corporation Tax Act upon application of the provisions of Article 3, paragraph (1) of the Supplementary Provisions of the Corporation Tax Act, etc. Amendment Act (hereinafter referred to as the "parent corporation under the transitional measures" in this paragraph), of the other domestic corporation prescribed in Article 3, paragraph (3) of the Supplementary Provisions of the Corporation Tax Act, etc. Amendment Act that receives approval under Article 4-2 of the Former Corporation Tax Act upon application of the provisions of Article 3, paragraph (1) of the Supplementary Provisions of the Corporation Tax Act, etc. Amendment Act (hereinafter referred to as the "subsidiary corporation under the transitional measures" in this paragraph), and of the other domestic corporation prescribed in Article 4-2 of the Former Corporation Tax Act that has come to have, with that parent corporation under the transitional measures, a full controlling interest prescribed in that Article in the first consolidated parent corporation business year (meaning the consolidated parent corporation business year prescribed in Article 15-2, paragraph (1) of the Former Corporation Tax Act) in which corporation tax is imposed on the consolidated income (meaning the consolidated income prescribed in Article 2, item (xviii)-4 of the Former Corporation Tax Act) of each consolidated business year (meaning the consolidated business year prescribed in Article 15-2 of the Former Corporation Tax Act; the same applies hereinafter in this paragraph) of that parent corporation under the transitional measures (hereinafter referred to as the "corporation joining during the transitional period" in this paragraph)), and the provisions then in force continue to govern corporate enterprise tax for business years beginning before the Effective Date and each business year within the period of the business year subject to the transitional measures of the parent corporation under the transitional measures, the subsidiary corporation under the transitional measures and the corporation joining during the transitional period.

③The provisions of Article 72-22, paragraph (4), item (x) of the Former Act remain in force with regard to corporate enterprise tax for business years beginning before the Effective Date, corporate enterprise tax for calculation periods beginning before the Effective Date, and enterprise tax on liquidation income arising from a dissolution before the Effective Date (excluding dissolution by merger).

④With regard to the application of the provisions of Article 72-26, paragraph (7) of the New Act to corporate enterprise tax for the first business year beginning on or after April 1, 2004, in that paragraph, the phrase "a corporation listed in Article 72-2, paragraph (1), item (i), (a), or the revenue levy" is deemed to be replaced with "the revenue levy".

⑤The provisions of Article 72-43, paragraph (2) of the New Act apply to acts or calculations that a corporation carries out on or after the Effective Date, and the provisions then in force continue to govern acts or calculations that a corporation carried out before the Effective Date.

⑥The portion of the provisions of the New Act (excluding the provisions of Article 72-49-12, paragraph (3) of the New Act) concerning individual enterprise tax applies to individual enterprise tax for fiscal years from fiscal year 2004 onward, and the provisions then in force continue to govern individual enterprise tax for fiscal years up to and including fiscal year 2003.

⑦An approval received under the provisions of Article 72-20, paragraph (3) of the Former Act is deemed to be an approval received under the provisions of Article 72-49-12, paragraph (3) of the New Act.

The provisions of Article 72-87 and Article 9-5 of the Supplementary Provisions of the New Act apply where a taxable period prescribed in Article 42, paragraph (1), (4) or (6) of the Consumption Tax Act (Act No. 108 of 1988) as amended by the provisions of Article 6 of the Act Partially Amending the Income Tax Act, etc. (Act No. 8 of 2003) begins on or after April 1, 2004, and the provisions then in force continue to govern where a taxable period prescribed in Article 42, paragraph (1), (4), (6) or (8) of the Consumption Tax Act prior to amendment by the provisions of Article 6 of the Act Partially Amending the Income Tax Act, etc. began before that date.