This Act comes into effect on April 1, 1986; provided, however, that the provisions listed in the following items come into effect on the dates specified respectively in those items:

Unless otherwise provided, the provisions of Chapter II of the Act on Special Measures Concerning Taxation as amended (hereinafter referred to as "the New Act") apply to income tax for 1986 and subsequent years, and the provisions then in force continue to govern income tax for 1985 and prior years.

①With regard to income tax in the case where an individual prescribed in Article 10-2, paragraph (1) of the Act on Special Measures Concerning Taxation prior to the amendment (hereinafter referred to as "the Former Act") has put energy use efficiency improvement equipment, etc. prescribed in that paragraph that the individual made an acquisition, etc. (meaning acquisition, or manufacture or construction; the same applies in the following Article and Article 5) of before the Effective Date of this Act (hereinafter referred to as "the Effective Date") to use for the business prescribed in that paragraph, the provisions of Article 10-2 of the Former Act remain in force. In this case, the phrase "if there is an amount to be deducted, that amount" in paragraph (4) of that Article is deemed to be replaced with "if there is an amount to be deducted, or if there is an amount to be deducted from the amount of income tax on the amount of gross income for that year pursuant to the provisions of Article 10-2, paragraph (3) of the Act on Special Measures Concerning Taxation prior to the amendment by the Act Partially Amending the Act on Special Measures Concerning Taxation (Act No. 4 of 1988; hereinafter referred to as the "1988 Amendment Act"), which remains in force pursuant to the provisions of Article 4, paragraph (1) of the Supplementary Provisions of the 1988 Amendment Act, or Article 10-2, paragraph (3) of the Act on Special Measures Concerning Taxation as amended by the 1988 Amendment Act, those amounts", and the phrase "Article 10-2, paragraph (3) of the Act on Special Measures Concerning Taxation" in paragraph (9) of that Article is deemed to be replaced with "Article 10-2, paragraph (3) of the Act on Special Measures Concerning Taxation prior to the amendment by the Act Partially Amending the Act on Special Measures Concerning Taxation (Act No. 13 of 1986; hereinafter referred to as the "1986 Amendment Act"), which remains in force pursuant to the provisions of Article 3, paragraph (1) of the Supplementary Provisions of the 1986 Amendment Act".

②With regard to the application of the provisions of Article 10-2 of the Act on Special Measures Concerning Taxation as amended by the Act Partially Amending the Act on Special Measures Concerning Taxation (Act No. 4 of 1988) (hereinafter referred to as the "Act on Special Measures Concerning Taxation as Amended in 1988") in the case where the provisions of the preceding paragraph apply, the phrase "if there is an amount to be deducted, that amount" in paragraph (4) of that Article is deemed to be replaced with "if there is an amount to be deducted, or if there is an amount to be deducted from the amount of income tax on the amount of gross income for that year pursuant to the provisions of Article 10-2, paragraph (4) of the Act on Special Measures Concerning Taxation prior to the amendment by the Act Partially Amending the Act on Special Measures Concerning Taxation (Act No. 13 of 1986; hereinafter referred to as the "1986 Amendment Act"), which remains in force pursuant to the provisions of Article 3, paragraph (1) of the Supplementary Provisions of the 1986 Amendment Act, or Article 10-2, paragraph (3) or (4) of the Act on Special Measures Concerning Taxation prior to the amendment by the Act Partially Amending the Act on Special Measures Concerning Taxation (Act No. 4 of 1988; hereinafter referred to as the "1988 Amendment Act"), which remains in force pursuant to the provisions of Article 4, paragraph (1) of the Supplementary Provisions of the 1988 Amendment Act, those amounts".

The provisions of Article 10-3 of the New Act apply to equipment utilizing electronic devices prescribed in paragraph (1) of that Article that an individual makes an acquisition, etc. of or leases on or after the Effective Date and puts to use for the individual's business, and with regard to cases where an individual has put to use for the individual's business equipment utilizing electronic devices prescribed in Article 10-3, paragraph (1) of the Former Act that the individual made an acquisition, etc. of or leased before the Effective Date, the provisions then in force continue to govern.

①The provisions of item (vi) of the table in Article 11, paragraph (1) of the New Act apply to depreciable assets listed in that item that an individual makes an acquisition, etc. of on or after the Effective Date and puts to use for the individual's business.

②The provisions of item (ii) of the table in Article 12, paragraph (1) of the New Act apply to depreciable assets listed in that item that an individual makes an acquisition, etc. of on or after the Effective Date and puts to use for the individual's business.

③The provisions of Article 13-2, paragraph (1) of the New Act apply to fishing vessels listed in item (iii) of that paragraph that are held by a member of a fishery cooperative, etc. prescribed in that item that obtains, on or after the Effective Date, the certification referred to in that item for a small and medium sized fishery structural improvement plan prescribed in that item, and with regard to fishing vessels listed in Article 13-2, paragraph (1), item (iii) of the Former Act that are held by a member of a fishery cooperative, etc. prescribed in that item that obtained, before the Effective Date, the certification referred to in that item for a small and medium sized fishery structural improvement plan prescribed in that item, the provisions then in force continue to govern.

④The provisions of Article 15, paragraph (1) of the New Act apply to specified stockpiling facilities, etc. prescribed in that paragraph that an individual acquires or constructs on or after the Effective Date, and with regard to specified stockpiling facilities, etc. prescribed in Article 15, paragraph (1) of the Former Act that an individual acquired or constructed before the Effective Date, the provisions then in force continue to govern.

⑤The provisions of Article 17 of the New Act apply to depreciable assets prescribed in that Article that an individual makes an acquisition, etc. of on or after the Effective Date, and with regard to depreciable assets prescribed in Article 17 of the Former Act that an individual made an acquisition, etc. of before the Effective Date, the provisions then in force continue to govern.

With regard to the calculation of the amount of business income for each year up to and including 1986 of an individual who holds the reserve for price fluctuations prescribed in Article 19, paragraph (1) of the Former Act, the provisions of that Article remain in force.

①With regard to the application of the provisions of Article 21, paragraph (1) of the New Act in the case where an individual's gross revenue pertaining to business income for 1986 includes revenue from overseas transactions involving technology, etc. prescribed in that paragraph, the phrase "25 percent of that revenue (for revenue from the transactions listed in item (iii) of the following paragraph" in that paragraph is deemed to be replaced with "28 percent of that revenue within the period from January 1, 1986 to March 31 of that year (for revenue from the transactions listed in item (iii) of the following paragraph, 16 percent) and the amount equivalent to 25 percent of that revenue within the period from April 1 to December 31 of that year (for revenue from the transactions listed in item (iii) of that paragraph", and the phrase "the total of the amounts equivalent to" with "the total of the amount equivalent to".

②The provisions of Article 21, paragraph (2) of the New Act apply to overseas transactions involving technology, etc. referred to in that paragraph that an individual carries out on or after the Effective Date, and with regard to overseas transactions involving technology, etc. referred to in Article 21, paragraph (2) of the Former Act that an individual carried out before the Effective Date, the provisions then in force continue to govern.

The provisions of item (iv) of the table in Article 37, paragraph (1) of the New Act apply to income tax on the transfer of assets listed in the left-hand column of that item that an individual makes on or after the Effective Date.

①The provisions of Article 37-10, paragraph (1), item (iii) or (iv) of the New Act apply to income from the transfer of public and corporate bonds prescribed in item (iii) of that paragraph or national government bonds prescribed in item (iv) of that paragraph carried out on or after the Effective Date.

②The provisions of Article 37-10, paragraph (3) of the New Act apply to the record prescribed in that paragraph in the case where the consideration for the transfer of national government bonds prescribed in that paragraph comes to be payable on or after the Effective Date.

①With regard to income tax for each year up to 1987 of a resident who, on or before December 31, 1985, used a house for residential use or existing housing prescribed in Article 41, paragraph (1) of the Former Act as the resident's own residence as provided in that paragraph, the provisions of Articles 41 through 41-3 of the Former Act are to govern.

②In the case where a resident, during the period from October 1, 1985 to December 31 of that year, commenced the work of newly building a house for residential use prescribed in Article 41, paragraph (1) of the Former Act, or acquired (excluding acquisition by gift) such a house for residential use that had not been used since its construction or existing housing prescribed in that paragraph, within the area where the Income Tax Act is in force, and used it as the resident's own residence within that period, if the resident has continued to use it as the resident's own residence on and after January 1, 1986, the resident may, with regard to income tax for 1986 and 1987, notwithstanding the provisions of the preceding paragraph, receive the application of the provisions of Articles 41 through 41-3 of the New Act at the resident's choice. In this case, in Article 41, paragraph (1) of the New Act, the phrase "a resident," is deemed to be replaced with "a resident, during the period from October 1, 1985 to December 31 of that year,", the phrase "newly builds" is deemed to be replaced with "commences the work of newly building", and the phrase "during the period from January 1, 1986 to December 31, 1987" is deemed to be replaced with "within that period".

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) beginning on or after the Effective Date, and with regard to corporation tax for business years of a corporation that began before the Effective Date, the provisions then in force continue to govern.

①With regard to corporation tax in the case where a corporation prescribed in Article 42-5, paragraph (1) of the Former Act has put energy use efficiency improvement equipment, etc. prescribed in that paragraph that it made an acquisition, etc. (meaning acquisition, or manufacture or construction; the same applies in the following Article and Article 14) of before the Effective Date to use for the business prescribed in that paragraph, the provisions of Article 42-5 of the Former Act remain in force. In this case, in paragraph (2) of that Article, the phrase "the preceding Article, paragraphs (2) through (4) and paragraph (6) of the following Article" is deemed to be replaced with "Article 42-4, Article 42-5, paragraphs (2) and (3), Article 42-6, paragraphs (2) through (4) and paragraph (6), and Article 42-7, paragraphs (2) through (4) and paragraph (6) of the Act on Special Measures Concerning Taxation as amended by the 1988 Amendment Act", and the phrase "and Article 68-2" is deemed to be replaced with "and Article 68-2, and Article 42-5, paragraphs (2) and (3) of the Act on Special Measures Concerning Taxation prior to the amendment by the 1988 Amendment Act, which remain in force pursuant to the provisions of Article 11, paragraph (1) of the Supplementary Provisions of the 1988 Amendment Act"; in paragraph (3) of that Article, the phrase "if there is an amount to be deducted, that amount" is deemed to be replaced with "if there is an amount to be deducted, or if there is an amount to be deducted from the amount of corporation tax on income for that business year pursuant to the provisions of Article 42-5, paragraph (2) of the Act on Special Measures Concerning Taxation as amended by the 1988 Amendment Act or Article 42-5, paragraph (2) of the Act on Special Measures Concerning Taxation prior to the amendment by the 1988 Amendment Act, which remains in force pursuant to the provisions of Article 11, paragraph (1) of the Supplementary Provisions of the 1988 Amendment Act, those amounts"; and in paragraph (8) of that Article, the phrase "or Article 42-5 of the Act on Special Measures Concerning Taxation" is deemed to be replaced with "or Article 42-5 of the Act on Special Measures Concerning Taxation prior to the amendment by the Act Partially Amending the Act on Special Measures Concerning Taxation (Act No. 13 of 1986; hereinafter referred to as the "1986 Amendment Act"), which remains in force pursuant to the provisions of Article 12, paragraph (1) of the Supplementary Provisions of the 1986 Amendment Act", and the phrase "and Article 42-5 of the Act on Special Measures Concerning Taxation" is deemed to be replaced with "and Article 42-5 of the Act on Special Measures Concerning Taxation prior to the amendment by the 1986 Amendment Act, which remains in force pursuant to the provisions of Article 12, paragraph (1) of the Supplementary Provisions of the 1986 Amendment Act".

②With regard to the application of the provisions of Articles 42-4 through 42-7, Article 52-2, Article 52-3 or Article 63 (including as applied mutatis mutandis pursuant to Article 63-2, paragraph (6) of the Act on Special Measures Concerning Taxation as Amended in 1988) of the Act on Special Measures Concerning Taxation as Amended in 1988 in the case where the provisions of the preceding paragraph apply, the phrase "and Article 68-2" in Article 42-4, paragraph (1) of the Act on Special Measures Concerning Taxation as Amended in 1988 is deemed to be replaced with ", Article 68-2 and Article 42-5, paragraph (3) of the Act on Special Measures Concerning Taxation prior to the amendment by the 1986 Amendment Act, which remains in force pursuant to the provisions of Article 12, paragraph (1) of the Supplementary Provisions of the 1986 Amendment Act (referred to as 'Article 42-5, paragraph (3) of the 1986 Former Act' in the following Article through Article 42-7)"; the phrase "and Article 68-2" in Article 42-5, paragraph (2) of the Act on Special Measures Concerning Taxation as Amended in 1988 is deemed to be replaced with ", Article 68-2 and Article 42-5, paragraph (3) of the 1986 Former Act"; the phrase "if there is an amount to be deducted, that amount" in paragraph (3) of that Article is deemed to be replaced with "if there is an amount to be deducted, or if there is an amount to be deducted from the amount of corporation tax on income for that business year pursuant to the provisions of Article 42-5, paragraph (3) of the 1986 Former Act or Article 42-5, paragraph (2) or (3) of the Act on Special Measures Concerning Taxation prior to the amendment by the 1988 Amendment Act, which remains in force pursuant to the provisions of Article 11, paragraph (1) of the Supplementary Provisions of the 1988 Amendment Act, those amounts"; the phrase "and Article 68-2" in Article 42-6, paragraph (2) and Article 42-7, paragraph (2) of the Act on Special Measures Concerning Taxation as Amended in 1988 is deemed to be replaced with ", Article 68-2 and Article 42-5, paragraph (3) of the 1986 Former Act"; the phrase "or Article 51" in Article 52-2, paragraph (1) of the Act on Special Measures Concerning Taxation as Amended in 1988 is deemed to be replaced with ", Article 51 or Article 42-5, paragraph (1) of the Act on Special Measures Concerning Taxation prior to the amendment by the 1986 Amendment Act, which remains in force pursuant to the provisions of Article 12, paragraph (1) of the Supplementary Provisions of the 1986 Amendment Act (referred to as 'Article 42-5, paragraph (1) of the 1986 Former Act' in this Article and the following Article)"; the phrase "or Article 51" in Article 52-2, paragraphs (2) and (3) and Article 52-3, paragraph (1) of the Act on Special Measures Concerning Taxation as Amended in 1988 is deemed to be replaced with ", Article 51 or Article 42-5, paragraph (1) of the 1986 Former Act"; and Article 63, paragraph (6), item (ii) of the Act on Special Measures Concerning Taxation as Amended in 1988 is deemed to further provide that, with regard to the application of the provisions of Article 42-5 of the Act on Special Measures Concerning Taxation prior to the amendment by the 1986 Amendment Act, which remains in force pursuant to the provisions of Article 12, paragraph (1) of the Supplementary Provisions of the 1986 Amendment Act, the phrase "and Article 68-2" in paragraph (2) of that Article is deemed to be replaced with ", Article 63 and Article 68-2".

The provisions of Article 42-6 of the New Act apply to equipment utilizing electronic devices prescribed in paragraph (1) of that Article that a corporation makes an acquisition, etc. of or leases on or after the Effective Date and puts to use for its business, and with regard to cases where a corporation has put to use for its business equipment utilizing electronic devices prescribed in Article 42-6, paragraph (1) of the Former Act that it made an acquisition, etc. of or leased before the Effective Date, the provisions then in force continue to govern.

①The provisions of item (vii) of the table in Article 43, paragraph (1) of the New Act apply to depreciable assets listed in that item that a corporation makes an acquisition, etc. of on or after the Effective Date and puts to use for its business.

②The provisions of item (ii) of the table in Article 45, paragraph (1) of the New Act apply to depreciable assets listed in that item that a corporation makes an acquisition, etc. of on or after the Effective Date and puts to use for its business.

③The provisions of Article 46, paragraph (1) of the New Act apply to fishing vessels listed in item (iii) of that paragraph that are held by a member of a fishery cooperative, etc. prescribed in that item that obtains, on or after the Effective Date, the certification referred to in that item for a small and medium sized fishery structural improvement plan prescribed in that item, and with regard to fishing vessels listed in Article 46, paragraph (1), item (iii) of the Former Act that are held by a member of a fishery cooperative, etc. prescribed in that item that obtained, before the Effective Date, the certification referred to in that item for a small and medium sized fishery structural improvement plan prescribed in that item, the provisions then in force continue to govern.

④The provisions of Article 48, paragraph (1) of the New Act apply to depreciable assets listed in item (ii) or (iii) of the table in that paragraph that a corporation acquires or constructs on or after the Effective Date, and with regard to depreciable assets listed in item (ii) or (iii) of the table 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.

⑤The provisions of Article 51, paragraph (1) of the New Act apply to jointly used facilities set forth in a business plan for which a specified association prescribed in that paragraph obtains, on or after the Effective Date, the approval, etc. of the business plan prescribed in Article 55-4, paragraph (1) of the New Act, and with regard to jointly used facilities set forth in a business plan for which a specified association prescribed in Article 51, paragraph (1) of the Former Act obtained, before the Effective Date, the approval, etc. of the business plan prescribed in Article 56-2, paragraph (1) of the Former Act, the provisions then in force continue to govern.

⑥The provisions of Article 52-4 of the New Act apply to depreciable assets prescribed in that Article that a corporation makes an acquisition, etc. of on or after the Effective Date, and with regard to depreciable assets prescribed in Article 52-4 of the Former Act that a corporation made an acquisition, etc. of before the Effective Date, the provisions then in force continue to govern.

①With regard to the calculation of the amount of income for each business year that began before the Effective Date and for the first business year beginning on or after the Effective Date of a corporation that holds the reserve for price fluctuations prescribed in Article 53, paragraph (1) of the Former Act, the provisions of that Article remain in force.

②The 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 a corporation ending on or after the Effective Date, and with regard to the amount of the reserve for overseas market development by small and medium sized enterprises, etc. accumulated in business years of a corporation 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 that began before the Effective Date and ends 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 that began before the Effective Date of the 1986 Amendment Act and ends on or after that date, the amount obtained by adding, to the total of the amount equivalent to 4.2/1,000 of the amount calculated by multiplying the revenue pertaining to the transactions listed in item (i) of the following paragraph by the number of months in the period from the first day of that business year to March 31, 1986 (referred to as the "designated period for the former reserve rate" in this paragraph) and dividing the product by the number of months in that base year and the amount equivalent to 2.52/1,000 of the amount calculated by multiplying the revenue pertaining to 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, the total of the amount equivalent to 5.8/1,000 of the amount calculated by multiplying the revenue pertaining to 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 the amount equivalent to 3.48/1,000 of the amount calculated by multiplying the revenue pertaining to 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)".

③The provisions of Article 55 of the New Act (excluding paragraph (10) of that Article) apply to specified shares, etc. prescribed in paragraph (1) of that Article that a corporation acquires on or after the Effective Date, and with regard to specified shares, etc. prescribed in Article 55, paragraph (1) of the Former Act that a corporation acquired before the Effective Date, except in the case provided for in the following paragraph, the provisions then in force continue to govern.

④In the case where a corporation acquired, before the Effective Date, specified shares, etc. prescribed in Article 55, paragraph (1) of the Former Act, if, on or after the Effective Date, it comes to fall under any of the cases listed in the items of Article 55, paragraph (4) of the New Act, the provisions of that paragraph are to govern.

⑤With regard to the amount that a corporation prescribed in Article 56-4, paragraph (1) of the Former Act expends, before the Effective Date, for the acquisition or construction of specified railway facilities prescribed in paragraph (2) of that Article pertaining to construction work specified by Cabinet Order as prescribed in that paragraph, the provisions of that Article remain in force. In this case, the phrase "local railway business prescribed in Article 12, paragraph (1) of the Local Railway Act" in paragraph (1) of that Article is deemed to be replaced with "Type I railway business prescribed in Article 2, paragraph (2) of the Railway Business Act (Act No. 92 of 1986) for which the license for local railway business under the provisions of Article 12, paragraph (1) of the Local Railway Act (Act No. 52 of 1919) prior to its repeal by the provisions of Article 2 of the Supplementary Provisions of that Act is deemed to be that license pursuant to the provisions of Article 3, paragraph (2) of the Supplementary Provisions of that Act", the phrase "Article 53, paragraph (6)" in paragraph (7) of that Article is deemed to be replaced with "Article 54, paragraph (11) of the Act on Special Measures Concerning Taxation as amended by the 1986 Amendment Act", and the phrase "Article 56-4, paragraph (3)" in paragraph (8) of that Article is deemed to be replaced with "Article 56-4, paragraph (3) of the Act on Special Measures Concerning Taxation prior to the amendment by the 1986 Amendment Act, which remains in force pursuant to the provisions of Article 15, paragraph (5) of the Supplementary Provisions of the 1986 Amendment Act".

①The provisions of Article 58, paragraph (1) of the New Act apply to corporation tax on income for business years of a corporation ending on or after the Effective Date, and with regard to corporation tax on income for business years of a corporation 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 paragraph in the case where a corporation has revenue from overseas transactions involving technology, etc. prescribed in that paragraph in a business year that began before the Effective Date and ends on or after the Effective Date, the phrase "25 percent of that revenue (for revenue from the transactions listed in item (iii) of the following paragraph" in that paragraph is deemed to be replaced with "28 percent of that revenue within the period from the first day of that business year to March 31, 1986 (for revenue from the transactions listed in item (iii) of the following paragraph, 16 percent) and the amount equivalent to 25 percent of that revenue within the period from April 1 of that year to the end of the business year (for revenue from the transactions listed in item (iii) of that paragraph", and the phrase "the total of the amounts equivalent to" is deemed to be replaced with "the total of the amount equivalent to".

②The provisions of Article 58, paragraph (2) of the New Act apply to overseas transactions involving technology, etc. referred to in that paragraph that a corporation carries out on or after the Effective Date, and with regard to overseas transactions involving technology, etc. referred to in Article 58, paragraph (2) of the Former Act that a corporation carried out before the Effective Date, the provisions then in force continue to govern.

The provisions of Article 65, paragraph (1), item (iv) of the New Act apply to assets that a corporation acquires on or after the Effective Date through replotting disposition, etc. prescribed in that paragraph.

The provisions of Articles 65-7 and 65-8 of the New Act apply to corporation tax on the transfer of assets listed in the left-hand column of the table in Article 65-7, paragraph (1) of the New Act that a corporation makes on or after the Effective Date, and with regard to corporation tax on the transfer of assets listed in the left-hand column of the table in Article 65-7, paragraph (1) of the Former Act that a corporation made before the Effective Date, the provisions then in force continue to govern.

The provisions of Article 70-3, paragraph (1) of the New Act apply to gift tax on property acquired by gift (excluding a gift that takes effect upon the death of the donor; the same applies hereinafter in this Article) on or after January 1, 1986, and with regard to gift tax on property acquired by gift before that date, the provisions then in force continue to govern.

①The provisions of Article 76, paragraph (1) of the New Act apply to registration and license tax on the registration of preservation of ownership or registration of transfer of ownership of land that is sold or transferred without compensation by the State as prescribed in that paragraph on or after the Effective Date, and with regard to registration and license tax on those registrations for land that was sold or transferred without compensation by the State as prescribed in Article 76, paragraph (1) of the Former Act before the Effective Date, the provisions then in force continue to govern.

②The provisions of Article 77-2, paragraph (1) of the New Act apply to registration and license tax on the registration of the transfer or creation of ownership or rights of lease to farmland, pasture land or land suitable for development into farmland prescribed in that paragraph that a corporation prescribed in that paragraph purchases or borrows on or after the Effective Date, and with regard to registration and license tax on those registrations for farmland, pasture land or land suitable for development into farmland prescribed in that Article that a corporation prescribed in Article 77-2, paragraph (1) of the Former Act purchased or borrowed before the Effective Date, the provisions then in force continue to govern.

③The provisions of Article 77-4, paragraph (1) of the New Act apply to registration and license tax on the registration of transfer of ownership of land prescribed in that paragraph acquired through exchange and consolidation prescribed in that paragraph carried out on or after the Effective Date, and with regard to registration and license tax on that registration for land prescribed in Article 77-4, paragraph (1) of the Former Act acquired through exchange and consolidation prescribed in that paragraph carried out before the Effective Date, the provisions then in force continue to govern.

⑤The provisions of Article 79 of the New Act apply to registration and license tax on the registration of preservation of ownership or the registration of the creation of a mortgage for ocean-going vessels prescribed in paragraph (1) of that Article that are newly built on or after the Effective Date, and with regard to registration and license tax on those registrations for ocean-going vessels prescribed in Article 79, paragraph (1) of the Former Act that were newly built before the Effective Date, the provisions then in force continue to govern.

⑥The provisions of Article 81, paragraph (1), item (iii) of the New Act apply to registration and license tax on the registration of matters listed in that item pertaining to a recommendation or instruction, or a certification or approval, prescribed in that paragraph that is given on or after the Effective Date, and with regard to registration and license tax on the registration of matters listed in Article 81, paragraph (1), item (iii) of the Former Act pertaining to a recommendation or instruction, or a certification or approval, prescribed in that paragraph that was given before the Effective Date, the provisions then in force continue to govern.

⑦With regard to registration and license tax on the registration of transfer of rights to real property pertaining to succession in the case where an agricultural cooperative or federation of agricultural cooperatives prescribed in Article 81-2 of the Former Act succeeded to rights prescribed in that Article before the Effective Date, the provisions then in force continue to govern.

⑧With regard to registration and license tax on the registration of matters listed in the middle column of item (i) of the table in Article 82 of the Former Act relating to land or houses prescribed in that Article that a company listed in the left-hand column of that item acquired before the Effective Date, the provisions then in force continue to govern.

①With regard to tobacco consumption tax that was imposed, or should have been imposed, before May 1, 1986 (referred to as the "designated day" in this Article), except for that provided for in the following paragraph and paragraph (3), the provisions then in force continue to govern.

②With regard to manufactured tobacco (meaning manufactured tobacco prescribed in Article 3 of the Tobacco Consumption Tax Act (Act No. 72 of 1984); the same applies hereinafter in this Article) shipped out of a manufacturing site of manufactured tobacco before the designated day that relates to a notification or approval under Article 12, paragraph (3) of that Act (including as applied mutatis mutandis pursuant to Article 14, paragraph (3) of that Act; the same applies hereinafter in this paragraph) (limited to that for which the day listed in the relevant item of Article 12, paragraph (3) of that Act pertaining to that notification or approval arrives on or after the designated day), if the documents prescribed in Article 12, paragraph (3) of that Act were not submitted by the day listed in that item, the tax rate of the quantity-based portion (meaning the quantity-based portion prescribed in Article 2, paragraph (1), item (iv) of that Act; the same applies hereinafter in this Article) or the tax base of the value-based portion (meaning the value-based portion prescribed in Article 2, paragraph (1), item (iii) of that Act; the same applies hereinafter in this Article) pertaining to that manufactured tobacco is as provided in the following items:

⑤The person prescribed in the preceding paragraph must, pursuant to the provisions of Cabinet Order, submit a return stating the following particulars, for each storage place (for a retail seller prescribed in Article 9, paragraph (6) of the Tobacco Business Act (Act No. 68 of 1984), the business office prescribed in Article 22, paragraph (1) of that Act; the same applies hereinafter in this paragraph) of the manufactured tobacco in that person's possession that falls under the provisions of that paragraph, to the district director with jurisdiction over the place where that storage place is located, within one month counting from the designated day:

⑥If a person prescribed in paragraph (4) has submitted the return under the provisions of the preceding paragraph to the prefectural governor or mayor of the municipality prescribed in the provisions referred to below, together with a return pertaining to prefectural tobacco consumption tax prescribed in Article 5, paragraph (3) of the Supplementary Provisions of the Act Partially Amending the Local Tax Act and the Act on Grants and Payments to Municipalities Where State-Owned Assets, etc. Are Located (Act No. 14 of 1986) or a return pertaining to municipal tobacco consumption tax prescribed in Article 9, paragraph (3) of the Supplementary Provisions of that Act, the prefectural governor or mayor of the municipality that received it may accept the return under the provisions of the preceding paragraph. In this case, that return is deemed to have been submitted to the district director prescribed in that paragraph.

⑦A person who has submitted a return under the provisions of paragraph (5) must pay to the State, by October 31, 1986, the tobacco consumption tax equivalent to the total amount of tobacco consumption tax set forth in item (ii) of that paragraph that is stated in that return.

⑧The provisions of the preceding paragraph apply mutatis mutandis to a person who is to submit a return under the provisions of paragraph (5) as prescribed in that paragraph and who, with regard to the tobacco consumption tax pertaining to that return, has filed a return filed after the due date or an amended return prescribed in the Act on General Rules for National Taxes (Act No. 66 of 1962) before the due date for payment referred to in the preceding paragraph for the return under the provisions of that paragraph, or has received a reassessment or determination prescribed in that Act, and for whom the time limit for payment under the provisions of Article 35, paragraph (2), item (ii) of that Act arrives before the due date for payment referred to in the preceding paragraph.

⑨If, of manufactured tobacco on which tobacco consumption tax has been or is to be imposed pursuant to the provisions of paragraph (4), manufactured tobacco that a specified seller prescribed in Article 11, paragraph (2) of the Tobacco Consumption Tax Act has itself withdrawn from a bonded area and possesses for sale is exported, and that specified seller has, pursuant to the provisions of Cabinet Order, obtained confirmation from the director-general of the customs house at which the export declaration for that manufactured tobacco was made that tobacco consumption tax has been or is to be imposed on that manufactured tobacco pursuant to the provisions of paragraph (4), an amount equivalent to that amount of tobacco consumption tax is refunded to that specified seller, in accordance with the provisions of Article 15 of that Act, together with the refund pertaining to the amount equivalent to the amount of tobacco consumption tax that has been or is to be paid, or has been or is to be collected, on that manufactured tobacco.

⑩In the cases set forth in the following items, if the manufacturer of manufactured tobacco prescribed in each of those items (meaning a manufacturer of manufactured tobacco prescribed in Article 6, paragraph (4) of the Tobacco Consumption Tax Act; the same applies hereinafter in this paragraph) has, pursuant to the provisions of Cabinet Order, obtained confirmation from the district director with jurisdiction over the place where the manufacturing site of manufactured tobacco pertaining to the return or bringing in of that manufactured tobacco is located that tobacco consumption tax under the provisions of paragraph (4) has been or is to be imposed on that manufactured tobacco, an amount equivalent to that amount of tobacco consumption tax is, in accordance with the provisions of Article 16 of that Act, deducted from the amount of tobacco consumption tax pertaining to that person or refunded to that person, together with the deduction or refund pertaining to the amount equivalent to the amount of tobacco consumption tax that the manufacturer of manufactured tobacco has paid or is to pay on that manufactured tobacco (in the case falling under item (ii), the amount of tobacco consumption tax that has been or is to be paid upon shipment from the other manufacturing site of manufactured tobacco prescribed in that item, or that has been or is to be paid, or has been or is to be collected, upon withdrawal from a bonded area):

⑪The provisions of Article 26 of the Tobacco Consumption Tax Act (excluding item (ii)) apply mutatis mutandis to a person who must submit a return under the provisions of paragraph (5).

⑫A person who has failed to submit a return under the provisions of paragraph (5) is punished by a fine of 200,000 yen or less.

⑬If the representative of a corporation, or an agent, employee or other worker of a corporation or individual, has committed the violation referred to in the preceding paragraph with regard to the business or property of that corporation or individual, not only is the offender punished, but the corporation or individual is also subject to the fine referred to in that paragraph.

⑭With regard to the application of penal provisions to acts committed before the designated day and to acts committed on or after the designated day in relation to tobacco consumption tax that remains governed by the provisions then in force pursuant to the provisions of paragraph (1), the provisions then in force continue to govern.

①The provisions of Article 3 of the Supplementary Provisions of the Act Partially Amending the Act on Special Measures Concerning Taxation as amended by the provisions of the preceding Article (referred to as the "1984 Amendment Act as Amended" in the following paragraph) apply to income tax for 1986 and subsequent years, and the provisions then in force continue to govern income tax for 1985 and prior years.

②The provisions of Article 10 of the Supplementary Provisions of the 1984 Amendment Act as Amended apply to corporation tax on income for business years of a corporation ending on or after the Effective Date, and the provisions then in force continue to govern corporation tax on income for business years of a corporation that ended before the Effective Date.