①With regard to the application of the provisions of Article 53, paragraph (3) of the Former Act to the deferred amount of inclusion in gross profit in the case where a corporation prescribed in Article 53, paragraph (1) of the New Act has a deferred amount of inclusion in gross profit in the first business year commencing on or after the Effective Date (excluding the case where that business year is a business year that includes the date of dissolution (excluding dissolution due to a merger); referred to as the "business year of the amendment" hereinafter up to the following paragraph), notwithstanding the provisions of that paragraph, an amount equivalent to the amount calculated by multiplying that deferred amount of inclusion in gross profit by the number of months in each business year from the business year of the amendment to the business year that includes the day preceding the day on which three years have elapsed from the date of commencement of the business year of the amendment and dividing the product by 36 (or, if that amount exceeds the remaining amount deferred from inclusion in gross profit as of the end of each of those business years (meaning the amount obtained by deducting, from the deferred amount of inclusion in gross profit, the amount that has been or is to be included in gross profit pursuant to the provisions of paragraph (3) by that date or the amount included in gross profit pursuant to the provisions of this paragraph in business years that ended before that date; the same applies hereinafter in this paragraph and paragraph (3)), that remaining amount deferred from inclusion in gross profit) is to be included in gross profit in calculating the amount of income for each of those business years.

②The deferred amount of inclusion in gross profit prescribed in the preceding paragraph means, in the case where the amount of the reserve for price fluctuations prescribed in Article 53, paragraph (3) of the Former Act that is to be included in gross profit in calculating the amount of income for the business year of the amendment pursuant to the provisions of that paragraph (referred to as the "amount of the reserve for price fluctuations at the end of the preceding year" in item (i)) 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 of that excess (or, if there is a balance remaining after deducting the amount listed in item (ii) from the amount listed in item (i), the amount obtained by deducting an amount equivalent to that balance).

③If a corporation to which the provisions of paragraph (1) are applied comes to fall under any of the cases listed in the following items, an amount equivalent to the amount listed in the relevant item is to be included in gross profit in calculating the amount of income for the business year that includes the day on which the corporation came to fall under that case:

④The number of months referred to in paragraph (1) is calculated in accordance with the calendar, and any fraction of less than one month is counted as one month.

⑤The treatment of the deferred amount of inclusion in gross profit prescribed in paragraph (1) in the case where a corporation prescribed in Article 53, paragraph (1) of the New Act has carried out a merger, and other matters necessary for the application of the provisions of that paragraph, are specified by Cabinet Order.

⑥The provisions of Article 54 of the New Act apply to the amount of the reserve for overseas market development by small and medium sized enterprises, etc. accumulated in business years of corporations ending on or after the Effective Date, and with regard to the amount of the reserve for overseas market development accumulated in business years of corporations that ended before the Effective Date, the provisions then in force continue to govern. In this case, with regard to the application of the provisions of that Article to a corporation prescribed in paragraph (1) of that Article whose amount of capital or amount of contributions exceeds 100 million yen at the end of a business year commencing before the Effective Date and ending on or after the Effective Date, the phrase "amount calculated by dividing" in that paragraph is deemed to be replaced with "amount calculated by dividing (for a business year commencing before the date of enforcement of the 1977 Amendment Act and ending on or after that date, the amount obtained by adding the total of an amount equivalent to 9/1,000 of the amount calculated by multiplying the revenue from the transactions listed in item (i) of the following paragraph by the number of months in the period from the date of commencement of that business year to March 31, 1977 (hereinafter referred to in this paragraph as the "designated period for the former reserve rate") and dividing the product by the number of months in that base year, and an amount equivalent to 8.5/1,000 of the amount calculated by multiplying the revenue from those transactions by the number of months obtained by deducting the number of months in the designated period for the former reserve rate from the number of months in that business year and dividing the product by the number of months in that base year, to the total of an amount equivalent to 12/1,000 of the amount calculated by multiplying the revenue from the transactions listed in items (ii) through (viii) of the following paragraph by the number of months in the designated period for the former reserve rate and dividing the product by the number of months in that base year, and an amount equivalent to 11.5/1,000 of the amount calculated by multiplying the revenue from those transactions by the number of months obtained by deducting the number of months in the designated period for the former reserve rate from the number of months in that business year and dividing the product by the number of months in that base year)".

⑦With regard to the application of the provisions of item (ii) of Article 56-7, paragraph (1) of the New Act for each business year commencing within one year from the Effective Date of a corporation prescribed in that paragraph, the phrase "calculated amount (" in that item is deemed to be replaced with "calculated amount (or, if that amount is less than the cumulative limit amount prescribed in Article 56-7, paragraph (1), item (ii) of the Act on Special Measures Concerning Taxation prior to the amendment by the 1977 Amendment Act that would be calculated if the provisions of that item were applied for that business year, the amount obtained by adding an amount equivalent to one-half of the shortfall to that calculated amount.".

①The provisions of Articles 72 through 74 of the New Act apply to registration and license tax on the registration of preservation of ownership of houses prescribed in those provisions that are newly built on or after the Effective Date, the registration of transfer of ownership of those houses and the registration of creation of mortgages on those houses, and with regard to registration and license tax on those registrations concerning such houses newly built before the Effective Date, the provisions then in force continue to govern.

②The provisions of Article 79, paragraph (1) of the New Act apply to registration and license tax on the registration of preservation of ownership of vessels prescribed in that paragraph that are newly built on or after the Effective Date, and with regard to registration and license tax on that registration of such vessels newly built before the Effective Date, the provisions then in force continue to govern.

③The provisions of Article 81-2, paragraph (1) of the New Act apply to registration and license tax on the registration of transfer of rights to real property or fishing vessels acquired through a merger prescribed in that paragraph carried out on or after the Effective Date, and with regard to registration and license tax on the registration of transfer of those rights acquired through such a merger carried out before the Effective Date, the provisions then in force continue to govern.

①With regard to commodity tax on passenger motor vehicles listed in item (vii) of Class 2 of the Appended Table of the Commodity Tax Act that were shipped, within the period prescribed in Article 88-4, paragraph (1) of the Former Act, from the manufacturing site where they were manufactured and that fall under the provisions of that paragraph, the provisions then in force continue to govern.

②With 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 concerning commodity tax for which the provisions then in force are to govern pursuant to the provisions of the preceding paragraph, the provisions then in force continue to govern.