①With regard to a claim for a refund of income tax under Article 140 of the Income Tax Act (Act No. 33 of 1965), as read with the replacement of terms pursuant to the provisions of Article 28-5, paragraph (1) of the Former Act, or under Article 141 of the Income Tax Act as applied pursuant to the provisions of Article 28-5, paragraph (2) of the Former Act, relating to the amount of net loss prescribed in Article 28-5, paragraph (1) of the Former Act incurred in 1977 by a resident falling under a certified small and medium sized enterprise referred to in that paragraph, the provisions then in force continue to govern.

②With regard to a claim for a refund of income tax under Article 140 of the Income Tax Act, as read with the replacement of terms pursuant to the provisions of Article 28-5, paragraph (1) of the New Act, or under Article 141 of the Income Tax Act as applied pursuant to the provisions of Article 28-5, paragraph (2) of the New Act, relating to the amount of net loss prescribed in Article 28-5, paragraph (1) of the New Act incurred in 1978 by a resident falling under a certified small and medium sized enterprise referred to in that paragraph (excluding a person who has received the certification under Article 3, paragraph (1) of the Act on Temporary Measures for Small and Medium Sized Enterprises Affected by the Appreciation of the Yen (Act No. 2 of 1978)), notwithstanding these provisions, the claim for a refund may be made by the day on which four months have elapsed from the Effective Date.

③In the case referred to in the preceding paragraph, with regard to a resident (including an heir prescribed in Article 28-5, paragraph (2) of the New Act; the same applies in the following paragraph) who has already made a claim for a refund of income tax under Article 140 or 141 of the Income Tax Act with regard to the amount of net loss prescribed in that paragraph incurred in 1978 by the resident prescribed in that paragraph, the provisions of the preceding paragraph may be applied by deeming that claim for a refund not to have been made.

④If a resident who falls under the provisions of the preceding paragraph and receives the application of the provisions of paragraph (2) has received a refund based on the claim for a refund prescribed in the preceding paragraph, the portion of the amount of that refund up to the amount of the refund based on the claim for a refund prescribed in paragraph (2) is deemed to be a partial payment of the refund based on the claim for a refund prescribed in that paragraph.

①The provisions of Article 29-3 of the New Act apply to pensions prescribed in that Article that are to be paid on or after the Effective Date, and with regard to such pensions that were to be paid before the Effective Date, the provisions then in force continue to govern.

②The provisions of Article 190 of the Income Tax Act, as read with the replacement of terms pursuant to the provisions of Article 41-14, paragraph (2) of the New Act, apply in the case where the last day in the year on which salary, etc. prescribed in that Article is paid falls on or after the Effective Date, and with regard to the case where the last day in the year on which salary, etc. prescribed in that Article is paid falls before the Effective Date, the provisions then in force continue to govern.

③The provisions of Article 194, paragraph (1) of the Income Tax Act, as read with the replacement of terms pursuant to the provisions of Article 41-14, paragraph (2) of the New Act, apply to salary income earners' returns for deduction for Dependents, etc. prescribed in paragraph (4) of that Article that are submitted on or after the Effective Date.

The provisions of Article 37-5 of the New Act apply to income from a transfer of shares or capital contributions prescribed in paragraph (1), item (i) of that Article, or from a sale and purchase of shares prescribed in item (ii) of that paragraph, that is carried out on or after the Effective Date, in the case where income from a transfer of shares or capital contributions prescribed in item (i) of that paragraph or from a sale and purchase of shares prescribed in item (ii) of that paragraph carried out on or after the Effective Date falls under the income listed in item (i) or (ii) of that paragraph, and with regard to income from a transfer of shares or capital contributions prescribed in item (i) of that paragraph or from a sale and purchase of shares prescribed in item (ii) of that paragraph carried out before the Effective Date, the provisions then in force continue to govern.

The provisions of Article 41-3, paragraph (3), item (ii), (e) of the New Act apply to asset-building housing savings contracts prescribed in that paragraph that are concluded on or after the Effective Date pursuant to the provisions of that paragraph, and with regard to asset-building housing savings contracts prescribed in Article 41-3, paragraph (3) of the Former Act that were concluded before the Effective Date pursuant to the provisions of that paragraph, the provisions then in force continue to govern.

Unless otherwise provided, the provisions of Chapter III of the New Act apply to corporation tax for business years of a corporation (including an association or foundation 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 a corporation that commenced before the Effective Date, the provisions then in force continue to govern.

①With regard to depreciable assets specified before the Effective Date by Cabinet Order as prescribed in item (vii) of the table in Article 43, paragraph (1) of the Former Act, of which a corporation listed in that item makes an acquisition, etc. (meaning acquisition, manufacture or construction; the same applies hereinafter in this Article and Articles 21 and 30 of the Supplementary Provisions) within the period specified by Cabinet Order under that paragraph in relation to those depreciable assets, the provisions then in force continue to govern.

②With regard to the application of the provisions of Article 42-4, Articles 45 through 47, Articles 49 through 51-2, Articles 64 through 65, Article 65-7, Article 65-8 and Article 67-4 of the New Act in the case where the provisions of the preceding paragraph apply, the phrase "the following Article through" in Article 42-4, paragraph (1) of the New Act is deemed to be replaced with "the following Article (including Article 16, paragraph (1) of the Supplementary Provisions of the 1979 Amendment Act) through", the phrase "the preceding two Articles" in Article 45, paragraph (1) of the New Act is deemed to be replaced with "the preceding two Articles (including Article 16, paragraph (1) of the Supplementary Provisions of the 1979 Amendment Act)", the phrase "the preceding three Articles" in Article 45-2, paragraphs (1) and (3) of the New Act is deemed to be replaced with "the preceding three Articles (including Article 16, paragraph (1) of the Supplementary Provisions of the 1979 Amendment Act)", and the phrase "Article 43" in Article 45-3, paragraph (1), Article 45-4, paragraph (1), Article 46, paragraph (1), Article 47, paragraph (2), Article 49, paragraph (1), Article 50, paragraph (1), Article 51, paragraph (2), Article 51-2, paragraph (2), Article 64, paragraph (6) (including as applied mutatis mutandis pursuant to Article 64-2, paragraph (6) and Article 65, paragraph (6)), Article 65-7, paragraph (7) (including as applied mutatis mutandis pursuant to Article 65-8, paragraph (7)) and Article 67-4, paragraph (6) of the New Act is deemed to be replaced with "Article 43 (including Article 16, paragraph (1) of the Supplementary Provisions of the 1979 Amendment Act)".

③With regard to the application of the provisions of Articles 42-4, 45 and 45-2 of the Act on Special Measures Concerning Taxation as Amended in 1980 in the case where the provisions of paragraph (1) apply, the phrase "(the following Article" in Article 42-4, paragraph (1) of the Act on Special Measures Concerning Taxation as Amended in 1980 is deemed to be replaced with "(the following Article (including Article 16, paragraph (1) of the Supplementary Provisions of the Act Partially Amending the Act on Special Measures Concerning Taxation (Act No. 15 of 1979; referred to as the "1979 Amendment Act" in Article 45, paragraph (1), Article 45-2, paragraphs (1) and (3) and Article 63, paragraph (1), item (iv)))", and the phrase "Article 43" in Article 45, paragraph (1) and Article 45-2, paragraphs (1) and (3) of the Act on Special Measures Concerning Taxation as Amended in 1980 is deemed to be replaced with "Article 43 (including Article 16, paragraph (1) of the Supplementary Provisions of the 1979 Amendment Act)".

④The provisions of Article 45, paragraph (1) of the New Act apply to industrial machinery, etc. prescribed in that paragraph of which a corporation makes an acquisition, etc. and which the corporation puts into use for its business on or after the Effective Date, and with regard to the case where a corporation has put industrial machinery, etc. prescribed in Article 45, paragraph (1) of the Former Act, of which it made an acquisition, etc. before the Effective Date, into use for its business, the provisions then in force continue to govern. In this case, with regard to the application of the provisions of Article 45, paragraph (1) of the New Act to industrial machinery, etc. prescribed in that paragraph of which an acquisition, etc. is made, during the period from the Effective Date to March 31, 1980, within a district listed in items (iii) and (iv) of the table in that paragraph, the phrase "one-fourth" in item (iii) of that table is deemed to be replaced with "one-third", the phrase "one-sixth" with "one-fifth", the phrase "one-third" in item (iv) of that table with "one-half", and the phrase "one-fifth" with "one-fourth".

⑤The provisions of Article 47, paragraph (1) of the New Act apply to rental housing prescribed in that paragraph that a corporation acquires or newly builds on or after the Effective Date, and with regard to rental housing prescribed in Article 47, paragraph (1) of the Former Act that a corporation acquired or newly built before the Effective Date, the provisions then in force continue to govern.

⑥The provisions of Article 48, paragraph (1) of the New Act apply to specified stockpiling facilities, etc. prescribed in that paragraph that a corporation acquires or constructs on or after the Effective Date, and with regard to specified stockpiling facilities, etc. prescribed in Article 48, paragraph (1) of the Former Act that a corporation acquired or constructed before the Effective Date, the provisions then in force continue to govern.

⑦With regard to the business conversion facilities, etc. prescribed in Article 51-2, paragraph (1) of the Former Act of a corporation listed in item (v) of that paragraph, in the case where that corporation received the certification listed in that item on or before March 30, 1979, the provisions then in force continue to govern.

⑧The provisions of Article 52, paragraph (1), item (iv) of the New Act apply to the contributions prescribed in that item that a corporation pays on or after the effective date of the Act on Temporary Measures for Small and Medium Sized Enterprises in Production Areas.