Supplementary Provisions, Article 4Transitional Measures Concerning Enterprise Tax

①The provisions of Article 72-23, paragraph (2) of the New Act apply to the deficit under Article 72-23, paragraph (2) of the New Act that arose in a business year beginning on or after April 1, 2001 (excluding a period that falls under a consolidated business year (meaning a consolidated business year prescribed in Article 15-2 of the Corporation Tax Act (Act No. 34 of 1965); the same applies hereinafter in this paragraph)), or the individual deficit under that paragraph that arose in a business year beginning on or after that date (limited to a period that falls under a consolidated business year), and the provisions then in force continue to govern the deficit under Article 72-23, paragraph (2) of the Former Act that arose in a business year beginning before that date (excluding a period that falls under a consolidated business year) or the individual deficit under that paragraph that arose in a business year beginning before that date (limited to a period that falls under a consolidated business year).

②The provisions of Article 72-48, paragraph (3) of the New Act apply to corporate enterprise tax for business years beginning on or after the Effective Date, corporate enterprise tax for calculation periods beginning on or after the Effective Date, and enterprise tax on liquidation income arising from a dissolution on or after the Effective Date (excluding dissolution by merger; the same applies hereinafter in this paragraph and Article 22 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), and the provisions then in force continue to govern 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.

③The provisions of Article 72-49-8, paragraph (1) of the New Act apply to individual enterprise tax for fiscal years from fiscal year 2005 onward, and the provisions then in force continue to govern individual enterprise tax for fiscal years up to and including fiscal year 2004.

④The provisions of Article 72-50, paragraph (2) of the New Act apply to individual enterprise tax for fiscal years from fiscal year 2006 onward, and the provisions then in force continue to govern individual enterprise tax for fiscal years up to and including fiscal year 2005.