Unless otherwise provided for, the provisions of Chapter III of the New Act apply to corporation tax of a corporation (including an association or foundation without juridical personality prescribed in Article 1, paragraph (2) of the Corporation Tax Act (Act No. 28 of 1947); the same applies hereinafter) for business years ending on or after the Effective Date, and the provisions then in force continue to govern corporation tax of a corporation for business years ending before that date.

①The provisions of Article 43 of the New Act apply to the calculation of the allowable depreciation amount of rationalization machinery, etc. prescribed in paragraph (1) of that Article that a corporation has acquired or manufactured and used for business on or after the Effective Date, and the provisions then in force continue to govern the calculation of the allowable depreciation amount of important machinery, etc. prescribed in Article 42, paragraph (1) of the Former Act, rationalization machinery, etc. prescribed in Article 43, paragraph (1) of the Former Act or machinery, etc. for joint business prescribed in Article 45, paragraph (1) of the Former Act that a corporation acquired or manufactured and used for business before that date.

②If a corporation has, within six months from the Effective Date, used for business important machinery, etc. prescribed in Article 42, paragraph (1) of the Former Act (excluding that for which the period specified by Cabinet Order prescribed in that paragraph expired before that date), rationalization machinery, etc. prescribed in Article 43, paragraph (1) of the Former Act (excluding that for which the period specified by Cabinet Order prescribed in that paragraph expired before that date) or machinery, etc. for joint business prescribed in Article 45, paragraph (1) of the Former Act (limited to that of a corporation prescribed in that paragraph for which the end of the immediately preceding business year prescribed in that paragraph comes on or after that date) that it acquired or manufactured before the Effective Date and had not yet used for business as of that date, the provisions of Article 42, Article 43 or Article 45 of the Former Act remain in force with respect to the calculation of the allowable depreciation amount of that important machinery, etc., rationalization machinery, etc. or machinery, etc. for joint business.

③The provisions of Article 44, paragraph (1) and paragraph (3) (limited to the part concerning the provisions of paragraph (1) of that Article) of the New Act apply to the calculation of the allowable depreciation amount of machinery and equipment, etc. for which a corporation has, on or after the Effective Date, filed an application to obtain approval under Article 4, paragraph (1) of the Enterprise Rationalization Promotion Act and obtained that approval, and the provisions then in force continue to govern the calculation of the allowable depreciation amount of machinery and equipment, etc. for which that approval was obtained, where a corporation filed an application to obtain that approval before that date.

④The provisions of Article 44-2 of the New Act apply to the calculation of the allowable depreciation amount of machinery and equipment, etc. where a corporation has, on or after the Effective Date, filed an application to obtain approval under Article 5, paragraph (1) of the Enterprise Rationalization Promotion Act and received the certification prescribed in paragraph (2) of that Article for the machinery and equipment, etc. for which that approval was obtained, and the provisions then in force continue to govern the calculation of the allowable depreciation amount of machinery and equipment, etc. where a corporation filed an application to obtain that approval before that date and received that certification for the machinery and equipment, etc. for which that approval was obtained.

⑤For the purpose of applying the provisions of Article 49, paragraph (2) of the New Act to a ventilation tunnel or drainage tunnel prescribed in paragraph (2) of that Article that a corporation prescribed in paragraph (1) of that Article acquired within the period prescribed in that paragraph and used for its business, and to which the provisions of Article 42, paragraph (1) or Article 43, paragraph (1) of the Former Act that remain in force pursuant to the provisions of paragraph (2) apply, the phrase "Article 43, paragraph (1)" in Article 49, paragraph (2) of the New Act is deemed to be replaced with "Article 43, paragraph (1), or Article 42, paragraph (1) or Article 43, paragraph (1) of the Act on Special Measures Concerning Taxation prior to amendment by the Act Partially Amending the Act on Special Measures Concerning Taxation that remain in force pursuant to the provisions of Article 11, paragraph (2) of the Supplementary Provisions of that Act".

①For a corporation for which, in its first business year ending on or after the Effective Date (hereinafter referred to as the "business year of the amendment" in this paragraph), the lesser of the amount in the account for the reserve for price fluctuations as of the end of the business year immediately preceding the business year of the amendment and the total of the amounts calculated pursuant to the provisions of the items of Article 53, paragraph (1) of the Former Act as of the end of the business year of the amendment (or, for a corporation to which the provisions of Article 13, paragraph (2) of the Supplementary Provisions of the Former Act would apply if, in calculating the limit on the amount transferred to the account for the reserve for price fluctuations with regard to income for the business year of the amendment, the business year of the amendment were deemed to be a business year that ended before the Effective Date, the amount calculated in accordance with the provisions of that paragraph) exceeds the total of the amounts calculated pursuant to the provisions of the items of Article 53, paragraph (1) of the New Act as of the end of the business year of the amendment, the amount obtained by adding the excess to that total is, notwithstanding the provisions of that paragraph, to be the total of the amounts calculated pursuant to the provisions of the items of that paragraph.

②In each business year up to the business year immediately preceding the first business year in which the total of the amounts calculated pursuant to the provisions of Article 53, paragraph (1) of the New Act for a corporation to which the provisions of the preceding paragraph applied comes to exceed the amount in the account for the reserve for price fluctuations as of the end of the business year immediately preceding that business year (limited to business years beginning before April 1, 1968), the total of the following amounts is, notwithstanding the provisions of that paragraph, to be the total of the amounts calculated pursuant to the provisions of the items of that paragraph:

①If the total revenue of a corporation from transactions listed in the items of Article 55, paragraph (1) of the Former Act (hereinafter referred to as "export transactions" in this Article) conducted, in each business year that includes a day within the designated period prescribed in Article 55-2, paragraph (1) of the Former Act, within that period exceeds the amount calculated by multiplying the base export amount prescribed in Article 55-2, paragraph (2) of the Former Act by the number of months of that designated period falling within that business year and dividing the product by 12, the provisions of that Article remain in force with respect to the inclusion in deductible expenses of the amounts listed in the items of paragraph (1) of that Article relating to export transactions in that business year.

②The amount included in deductible expenses pursuant to the provisions of Article 55-2, paragraph (1) of the Former Act that remain in force pursuant to the provisions of the preceding paragraph in a business year of a corporation ending on or after the Effective Date is, for the purpose of applying the provisions of Article 17-2, paragraphs (1) and (2) of the Corporation Tax Act as amended by the Act Partially Amending the Corporation Tax Act (Act No. 36 of 1961), to be included in the amount of income, etc. prescribed in those provisions.

③The provisions of Article 56 of the Former Act remain in force with respect to the inclusion in gross profit of the portion of the amounts included in deductible expenses pursuant to the provisions of Article 55-2, paragraph (1) of the Former Act with regard to transactions listed in Article 55, paragraph (1), item (iii) or items (v) through (ix) of the Former Act conducted before the Effective Date that relates to transactions in goods for which the certification prescribed in Article 56 of the Former Act was not made.

④The amount included in gross profit pursuant to the provisions of Article 56 of the Former Act that remain in force pursuant to the provisions of the preceding paragraph in a business year of a corporation ending on or after the Effective Date is, for the purpose of applying the provisions of Article 17-2, paragraphs (1) and (2) of the Corporation Tax Act as amended by the Act Partially Amending the Corporation Tax Act, not to be included in the amount of income, etc. serving as the basis for computing the amount calculated by multiplying by 10 percent as prescribed in paragraph (1) of that Article, or in the amount of income, etc. prescribed in paragraph (2) of that Article.

⑤If the grounds prescribed in Article 56-2, paragraph (1) of the Former Act have arisen with regard to a corporation prescribed in that paragraph, the provisions of that Article remain in force with respect to requests for reassessment.

⑥If, with regard to transactions listed in the items of Article 57, paragraph (1) of the Former Act that a corporation conducted before the Effective Date, the grounds prescribed in paragraph (3) of that Article have arisen because the certification prescribed in paragraph (1) of that Article was made, the provisions of Article 57, paragraph (3) of the Former Act remain in force with respect to the inclusion in deductible expenses of the amounts listed in the items of Article 55-2, paragraph (1) of the Former Act relating to those transactions.

⑦If, before the Effective Date, payment was made by foreign means of payment as consideration for a transaction deemed not to be included in export transactions pursuant to the provisions of Article 55, paragraph (3) of the Former Act, or for an export relating to that transaction, and the certification prescribed in Article 57, paragraph (6) of the Former Act was made, and the provisions of Article 55-2, paragraph (1) of the Former Act would have applied to that transaction, the provisions of Article 57, paragraph (6) of the Former Act remain in force with respect to the inclusion in deductible expenses of an amount equivalent to the amount to be included in deductible expenses as prescribed in that paragraph with regard to that transaction.

The provisions of Articles 64 and 64-2 of the New Act (including as applied mutatis mutandis pursuant to Article 65, paragraph (3) of the New Act) apply to corporation tax on the transfer (including extinction; the same applies hereinafter in this Article) of assets prescribed in those provisions by a corporation that has come to fall under the provisions of Article 64, paragraph (1) or Article 65, paragraph (1) of the New Act on or after the Effective Date, and the provisions then in force continue to govern corporation tax on the transfer of assets prescribed in those provisions by a corporation that came to fall under the provisions of Article 64, paragraph (1) or Article 65, paragraph (1) of the Former Act before that date.