①The provisions of Article 64 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 and decrease in value; the same applies hereinafter in this paragraph) 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 (3) 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 (3) of the Former Act before that date.

②With regard to the application of the provisions of Article 64, paragraph (5) (including as applied mutatis mutandis pursuant to Article 64-2, paragraph (6) or Article 65, paragraph (6) of the New Act), Article 65-4, paragraph (5) (including as applied mutatis mutandis pursuant to Article 65-5, paragraph (7) of the New Act) and Article 66, paragraph (3) of the New Act for business years beginning before the Effective Date and ending on or after that date, the phrase "and Articles 49 through 51" in those provisions is deemed to be replaced with ", Articles 49 through 51 and Article 12, paragraphs (4) through (6) of the Supplementary Provisions of the Act Partially Amending the Act on Special Measures Concerning Taxation".

③The provisions of Article 65-3 of the New Act apply to corporation tax on a transfer, etc. prescribed in paragraph (2), item (i) of that Article of assets falling under the provisions of paragraph (1) of that Article that is made on or after January 1, 1966, and the provisions then in force continue to govern corporation tax on such a transfer, etc. of such assets made before that date.