Unless otherwise provided, the provisions of Chapter III of the New Act apply to corporation tax for business years of corporations (including associations or foundations without juridical personality prescribed in Article 2, item (viii) of the Corporation Tax Act (Act No. 34 of 1965); the same applies hereinafter) commencing on or after the Effective Date, and with regard to corporation tax for business years of corporations that commenced before that date, the provisions then in force continue to govern.

The provisions of Article 42-2, paragraph (4) of the New Act apply in the case where a domestic corporation prescribed in that paragraph that dissolved on or after the Effective Date has received the amount of dividends, etc. prescribed in that paragraph, and in the case where such a domestic corporation that dissolved before that date has received the amount of dividends, etc., the provisions then in force continue to govern.

The provisions of Article 42-4, paragraph (1) of the New Act apply in the case where a corporation has carried out a disposal of specified equipment prescribed in that paragraph on or after the Effective Date, and in the case where a corporation carried out a disposal of specified equipment prescribed in Article 42-4, paragraph (1) of the Former Act before that date, the provisions then in force continue to govern.

①The provisions of Article 43 of the New Act apply to 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 in the case where a corporation has used for business rationalization machinery, etc. prescribed in Article 43, paragraph (1) of the Former Act that it acquired or manufactured before that date, the provisions then in force continue to govern. In this case, the method of calculating the depreciation amount of rationalization machinery, etc. prescribed in Article 43, paragraph (1) of the New Act that a corporation has acquired or manufactured and used for business during the period from the Effective Date to the day before the first day of the first business year of that corporation commencing on or after that date is to be governed by the provisions of Article 43 of the Former Act.

②The provisions of Article 46, paragraph (1), item (ii) of the New Act apply to a corporation that comes to fall under the case listed in that item on or after the Effective Date. In this case, the method of calculating the depreciation amount of the fishing vessels listed in that item for a business year of that corporation that commenced before the Effective Date is to be governed by the provisions of Article 46 of the Former Act.

③The provisions of Article 46-2 of the New Act (excluding paragraph (7)) apply to a corporation's revenue prescribed in paragraph (1) of that Article that derives from overseas transactions, etc. prescribed in that paragraph on or after the Effective Date, and with regard to a corporation's revenue prescribed in Article 46-2, paragraph (1) of the Former Act that derives from overseas transactions, etc. prescribed in that paragraph before that date, the provisions then in force continue to govern.

④With regard to the calculation of the allowable depreciation amount prescribed in Article 44, paragraph (1) of the Former Act for development research machinery, etc. for the business year in which it was used for development research, in the case where a corporation has, by the day before the first day of the first business year of that corporation commencing on or after the Effective Date, acquired or manufactured development research machinery, etc. prescribed in that paragraph that has not been used for business since its manufacture, and has used it for development research prescribed in that paragraph, the provisions of that Article are to govern, with the phrase "May 31, 1967" in that paragraph deemed to be replaced with "the day before the first day of the first business year commencing on or after June 1, 1967".

①The amount of each reserve account under the provisions of Chapter III, Section 2 of the Former Act that a corporation holds as of the first day of its first business year commencing on or after the Effective Date is deemed to be the amount set aside as a reserve by the method of accounting as an expense or loss under the corresponding provisions of Chapter III, Section 2 of the New Act.

②The provisions of Article 56-3 of the New Act apply to amounts paid on the basis of levies imposed on or after the Effective Date by a specified weaving industry commercial and industrial association prescribed in paragraph (1) of that Article.

③The provisions of Article 56-4 of the New Act apply to amounts that a corporation prescribed in paragraph (1) of that Article disburses on or after the Effective Date for the acquisition of the equipment prescribed in that paragraph.

The provisions of Article 58 of the New Act apply to revenue prescribed in paragraph (1) or (2) of that Article on or after the Effective Date, and with regard to revenue prescribed in Article 58, paragraph (1) or (2) of the Former Act before that date, the provisions then in force continue to govern.

The provisions of Article 61 of the New Act apply to corporation tax for business years of corporations ending on or after the Effective Date, and with regard to corporation tax for business years of corporations that ended before that date, the provisions then in force continue to govern.

The provisions of Articles 64 through 65-3 of the New Act apply to corporation tax on transfers of assets falling under those provisions carried out on or after the Effective Date of the Expropriation of Land Act Amendment (including acts deemed to be transfers by expropriation, etc. under the provisions of Article 64, paragraph (2) of the New Act and other acts that are included in transfers under those provisions), and with regard to corporation tax on such transfers of assets carried out before that date, the provisions then in force continue to govern.

①The provisions of Articles 66-2 and 66-4 of the New Act apply in the case where a corporation has come to fall under the cases prescribed in those provisions on or after the Effective Date.

②With regard to the imposition of corporation tax on liquidation income in the case where a corporation prescribed in Article 66-2, paragraph (1) of the New Act carried out a merger before the Effective Date, the provisions of Articles 66-3 and 66-4 of the Former Act remain in force.

The provisions of Article 66-11 of the New Act apply in the case where a corporation receives a principal and interest subsidy prescribed in paragraph (1) of that Article on or after the Effective Date.

With regard to sugar excise tax that was imposed, or that should have been imposed, before the enforcement of this Act, the provisions then in force continue to govern.

With regard to travel tax on aircraft passenger fares received on or before June 30, 1967, the provisions then in force continue to govern.

Beyond what is provided for in Article 2 through the preceding Article of the Supplementary Provisions, the transitional measures necessary for the enforcement of this Act are specified by Cabinet Order.

With regard to the application of penal provisions to acts committed before the enforcement of this Act and to acts committed after the enforcement of this Act with respect to national taxes for which the provisions then in force are to continue to govern pursuant to the provisions of these Supplementary Provisions, the provisions then in force continue to govern.