Supplementary Provisions, Article 6Transitional Measures Concerning Enterprise Tax

①Except as otherwise provided, the provisions of the New Act relating to corporate enterprise tax apply to corporate enterprise tax for business years beginning on or after the Effective Date, and with regard to corporate enterprise tax for business years that began before the Effective Date, the provisions then in force continue to govern.

②In the case where, for a corporation that, in the business year including the day preceding the first day of the first business year beginning on or after the Effective Date (hereinafter referred to as the "first business year" in this paragraph), was conducting, within the electricity supply business, the retail electricity business, etc. prescribed in Article 72-2, paragraph (1), item (iii) of the New Act (hereinafter referred to as the "retail electricity business, etc." in this paragraph) or the power generation business, etc. prescribed in that item (hereinafter referred to as the "power generation business, etc." in this paragraph), the income of each business year that is the tax base of enterprise tax relating to the retail electricity business, etc. or the power generation business, etc. is calculated pursuant to Article 72-23, paragraph (1) of the New Act in accordance with the rules for calculating the individual income amount (meaning the individual income amount prescribed in Article 81-18, paragraph (1) of the Corporation Tax Act; the same applies hereinafter in this paragraph) of that corporation relating to the income that is the tax base of corporation tax for that business year of that corporation or the consolidated income that is the tax base of corporation tax for each consolidated business year that includes the last day of that business year, that corporation is deemed to have calculated, for each business year that began within 10 years before the first day of the first business year of that corporation, the income of that business year that is the tax base of enterprise tax relating to the retail electricity business, etc. or the power generation business, etc. pursuant to Article 72-23, paragraph (1) of the Former Act in accordance with the rules for calculating the individual income amount of that corporation relating to the income that is the tax base of corporation tax for that business year of that corporation or the consolidated income that is the tax base of corporation tax for each consolidated business year that includes the last day of that business year.

③The provisions of Article 9-2-2, paragraph (1) of the Supplementary Provisions of the New Act (limited to the part relating to specified donations prescribed in that paragraph) apply to corporate enterprise tax for business years ending on or after the Effective Date, and the provisions then in force continue to govern corporate enterprise tax for business years that ended before the Effective Date.