①With regard to the inclusion in gross profit of the amount of the reserve for domestic market development for imported products that a corporation prescribed in Article 54, paragraph (1) of the Former Act on Special Measures Concerning Taxation set aside pursuant to the provisions of that paragraph in business years beginning before the Effective Date, the provisions then in force continue to govern.

②The provisions of Article 55-3, paragraph (1) of the New Act on Special Measures Concerning Taxation apply to specified shares, etc. prescribed in that paragraph that a corporation acquires on or after the Effective Date, and with regard to specified shares, etc. prescribed in Article 55-3, paragraph (1) of the Former Act on Special Measures Concerning Taxation that a corporation acquired before the Effective Date, the provisions then in force continue to govern.

③The amount of the reserve for specified disaster prevention pertaining to an open-pit coal mine prescribed in the middle column of item (iii) of the table in Article 55-7, paragraph (1) of the Former Act on Special Measures Concerning Taxation that was set aside pursuant to the provisions of that paragraph is deemed, with regard to the application of the provisions of Article 55-7 of the New Act on Special Measures Concerning Taxation, to be the amount of the reserve for specified disaster prevention pertaining to an open-pit coal, etc. mine prescribed in the middle column of item (iii) of the table in paragraph (1) of that Article.

④The provisions of Article 56-3, paragraph (4) of the New Act on Special Measures Concerning Taxation apply to the inclusion in gross profit of the amount of the reserve for planned afforestation that a corporation sets aside pursuant to the provisions of paragraph (1) of that Article in business years beginning on or after the Effective Date, and with regard to the inclusion in gross profit of the amount of the reserve for planned afforestation that a corporation set aside pursuant to the provisions of Article 56-3, paragraph (1) of the Former Act on Special Measures Concerning Taxation in business years that began before the Effective Date, the provisions then in force continue to govern.

⑤With regard to the application of the provisions of Article 57-3 of the New Act on Special Measures Concerning Taxation in the business year of the amendment for a corporation prescribed in paragraph (1) of that Article for which, in the first business year beginning on or after the Effective Date (hereinafter referred to as the "business year of the amendment" in this paragraph and the following paragraph), the amount listed in item (ii) exceeds the amount listed in item (i), the cumulative limit amount prescribed in paragraph (1), item (ii) of that Article is, notwithstanding the provisions of that item, to be the amount listed in item (ii).

⑥In each business year from the business year following the business year of the amendment of a corporation that has been subject to the application of the provisions of the preceding paragraph through the business year immediately preceding the business year after the application of the transitional measures (meaning the first business year in which the cumulative limit amount prescribed in Article 57-3, paragraph (1), item (ii) of the New Act on Special Measures Concerning Taxation for that business year comes to exceed the amount listed in item (i) for that business year), the cumulative limit amount prescribed in paragraph (1), item (ii) of that Article is, notwithstanding the provisions of that item, to be whichever is the smaller of the following amounts:

⑦In the case where spent nuclear fuel prescribed in Article 57-3, paragraph (1) of the New Act on Special Measures Concerning Taxation that a corporation prescribed in that paragraph holds at the end of each business year beginning on or after the Effective Date includes specified spent nuclear fuel (meaning that spent nuclear fuel which was held at the end of the business year specified by Cabinet Order as prescribed in Article 12, paragraph (5) of the Supplementary Provisions of the Act Partially Amending the Act on Special Measures Concerning Taxation (Act No. 11 of 1983)), with regard to the application of the provisions of Article 57-3 of the New Act on Special Measures Concerning Taxation and of the preceding two paragraphs, the phrase "amount listed in (a) of the preceding item" in paragraph (1), item (ii) of that Article is deemed to be replaced with "amount listed in (a) of the preceding item (excluding the amount specified by Cabinet Order as the amount of the portion pertaining to specified spent nuclear fuel prescribed in Article 14, paragraph (7) of the Supplementary Provisions of the Act Partially Amending the Act on Special Measures Concerning Taxation and the Act on Temporary Special Provisions of Acts Related to National Tax, in Relation to Victims, etc. of Hanshin-Awaji Earthquake (Act No. 22 of 1997))", the phrase "amount listed" in paragraph (5), item (i) and item (ii), (b) is deemed to be replaced with "amount listed (excluding the amount specified by Cabinet Order as the amount of the portion pertaining to specified spent nuclear fuel prescribed in paragraph (7))", and the phrase "amount listed" in item (ii) of the preceding paragraph is deemed to be replaced with "amount listed (excluding the amount specified by Cabinet Order as the amount of the portion pertaining to specified spent nuclear fuel prescribed in the following paragraph)".

The provisions of Article 58 of the New Act on Special Measures Concerning Taxation apply to a corporation's revenue on or after the Effective Date from the transactions listed in the items of paragraph (2) of that Article, and with regard to a corporation's revenue before the Effective Date from the transactions listed in the items of Article 58, paragraph (2) of the Former Act on Special Measures Concerning Taxation, the provisions then in force continue to govern. In this case, with regard to the application of the provisions of Article 58, paragraph (1) of the New Act on Special Measures Concerning Taxation in a business year of a corporation that began before the Effective Date and ends on or after the Effective Date, the phrase "25 percent" in that paragraph is deemed to be replaced with "30 percent".

①The provisions of Article 65-4, paragraph (1), item (ii) of the New Act on Special Measures Concerning Taxation apply to corporation tax pertaining to a transfer of land, etc. prescribed in that paragraph that a corporation makes on or after January 1, 1997, and with regard to corporation tax pertaining to a transfer of land, etc. prescribed in Article 65-4, paragraph (1) of the Former Act on Special Measures Concerning Taxation that a corporation made before that date, the provisions then in force continue to govern.

②The provisions of Article 65-4, paragraph (1), item (viii) of the New Act on Special Measures Concerning Taxation apply to corporation tax pertaining to a transfer of land, etc. prescribed in that paragraph that a corporation makes on or after the date on which the Act on Promotion of Improvement of Disaster Control Districts in Populated Urban Districts comes into effect.

③The provisions of Article 65-7 of the New Act on Special Measures Concerning Taxation (limited to the part concerning item (xix) of the table in paragraph (1) of that Article) and of Article 65-8 of the New Act on Special Measures Concerning Taxation (limited to the part concerning that item) apply to the assets and to the special accounts referred to in paragraph (1) of that Article pertaining to those assets in the case where a corporation transfers assets listed in the left-hand column of that item on or after the date on which the Act on Promotion of Improvement of Disaster Control Districts in Populated Urban Districts comes into effect and acquires assets listed in the right-hand column of that item on or after that date.

The provisions of Article 66-6, paragraph (3) of the New Act on Special Measures Concerning Taxation apply to the amount of applicable retained income prescribed in paragraph (1) of that Article for business years of a specified foreign subsidiary, etc. prescribed in that paragraph ending on or after the Effective Date, and with regard to the amount of applicable retained income prescribed in Article 66-6, paragraph (1) of the Former Act on Special Measures Concerning Taxation for business years of a specified foreign subsidiary, etc. prescribed in that paragraph that ended before the Effective Date, the provisions then in force continue to govern.

The provisions of Article 71-7 of the New Act on Special Measures Concerning Taxation apply to land value tax on land, etc. prescribed in paragraphs (1) through (3) of that Article held by an individual or corporation at the taxation time of each year of 1997 and subsequent years, and with regard to land value tax on land, etc. held by an individual or corporation at the taxation time of each year of 1996 and earlier years, the provisions then in force continue to govern.

①The provisions of Articles 72 through 74 of the New Act on Special Measures Concerning Taxation apply to registration and license tax on the registration of preservation of ownership or registration of transfer of ownership of a house for residential use prescribed in those provisions that is newly built or acquired on or after the Effective Date, or on the registration of the creation of a mortgage on that house for residential use, and with regard to registration and license tax on the registration of preservation of ownership or registration of transfer of ownership of a house for residential use prescribed in Articles 72 through 74 of the Former Act on Special Measures Concerning Taxation that was newly built or acquired before the Effective Date, or on the registration of the creation of a mortgage on that house for residential use, the provisions then in force continue to govern.

②The provisions of Article 77 of the New Act on Special Measures Concerning Taxation apply to registration and license tax on the registration of the transfer of ownership of farmland, pasture land or quasi-farmland prescribed in that Article, or of the transfer or creation of a superficies right, farming right or right of lease existing on that farmland or pasture land, acquired through a gift prescribed in that Article made on or after January 1, 1998, and with regard to registration and license tax on the registration of the transfer of ownership of farmland, pasture land or quasi-farmland prescribed in Article 77 of the Former Act on Special Measures Concerning Taxation, or of the transfer or creation of a superficies right, farming right or right of lease existing on that farmland or pasture land, acquired through a gift prescribed in that Article made before that date, the provisions then in force continue to govern.

③With regard to the registration prescribed in Article 77-4, paragraph (2) of the Former Act on Special Measures Concerning Taxation in the case where a member of an agricultural and residential land cooperative prescribed in that paragraph acquires land through exchange and consolidation prescribed in that paragraph by March 31, 1999, the provisions of that paragraph remain in force. In this case, the phrase "March 31, 1997" in that paragraph is deemed to be replaced with "March 31, 1999".

④With regard to the registration prescribed in Article 78-2 of the Former Act on Special Measures Concerning Taxation in the case where a production forestry cooperative or agricultural production corporation prescribed in that Article receives a capital contribution prescribed in that Article by March 31, 1999, the provisions of that Article remain in force. In this case, the phrase "March 31, 1997" in that Article is deemed to be replaced with "March 31, 1999".