①With regard to the amount of the reserve for losses on overseas investment, etc. that was included in deductible expenses in calculating the amount of income for the business year immediately preceding the first business year commencing on or after the Effective Date of a corporation prescribed in Article 55-2, paragraph (1) of the Former Act on Special Measures Concerning Taxation, the provisions of that Article remain in force.

②With regard to the amount of the reserve for losses on investments in start-up small and medium sized enterprises that was included in deductible expenses in calculating the amount of income pursuant to the provisions of Article 55-4, paragraph (1) of the Former Act on Special Measures Concerning Taxation in each business year commencing before the Effective Date of an investment and development company prescribed in that paragraph (referred to as an "investment and development company" in the following paragraph), the provisions of that Article remain in force. In this case, in paragraph (2) of that Article, the phrase ", 'Article 55-4, paragraph (3)'" is deemed to be replaced with "'Article 55-4, paragraph (3) of the Act on Special Measures Concerning Taxation prior to the amendment by Article 1 of the Act Partially Amending the Act on Special Measures Concerning Taxation, etc. (Act No. 15 of 2002), which remains in force pursuant to the provisions of Article 24, paragraph (2) of the Supplementary Provisions of that Act', the phrase 'paragraph (4) of that Article' is deemed to be replaced with 'Article 29, paragraph (4) of the Supplementary Provisions of the Act Partially Amending the Corporation Tax Act, etc. (Act No. 79 of 2002)', and the phrase 'paragraph (3) of that Article' is deemed to be replaced with 'Article 29, paragraph (3) of the Supplementary Provisions of that Act'"; in paragraph (3), item (v) of that Article, the phrase "the following paragraph" is deemed to be replaced with "the following paragraph and Article 24, paragraph (3) of the Supplementary Provisions of the Act Partially Amending the Act on Special Measures Concerning Taxation, etc. (Act No. 15 of 2002)"; and in paragraph (4) of that Article, the phrase "the business year that includes the day preceding" is deemed to be replaced with "the business year that includes the day preceding (or, if the business year that includes the day preceding the day on which two years have elapsed from the date of commencement of that business year (referred to as the 'date two years have passed' in this paragraph) falls under a consolidated business year, the business year that includes the day preceding the date of commencement of the consolidated business year that first commences during the period from the day following the date of commencement of that business year to the date two years have passed)".

③If an investment and development company that has accumulated the reserve for losses on investments in start-up small and medium sized enterprises referred to in Article 55-4, paragraph (1) of the Former Act on Special Measures Concerning Taxation, which remains in force pursuant to the provisions of the preceding paragraph, is not a person who may file a tax return, etc. for that business year using a blue return in the case where that business year does not fall under a consolidated business year and the business year that includes the day preceding the date of commencement of that business year fell under a consolidated business year (including the case where it has ceased to be a person who may file a tax return, etc. for that business year using a blue return because its approval for filing blue returns has been revoked or because it has submitted a written notification to the effect that it will discontinue filing returns using blue returns), the reserve for losses on investments in start-up small and medium sized enterprises as of the end of that business year is included in gross profit in calculating the amount of income for that business year. In this case, the provisions of the preceding paragraph do not apply.

④The provisions of Article 57-2 of the New Act on Special Measures Concerning Taxation apply to corporation tax for business years of a corporation ending on or after July 1, 2002.

The provisions of Article 59, paragraphs (1) and (5) of the New Act on Special Measures Concerning Taxation apply to corporation tax for business years of a corporation ending on or after the Effective Date.

①The provisions of Article 65, paragraph (1), item (vi) and paragraph (8) of the New Act on Special Measures Concerning Taxation apply to assets that a corporation acquires through a replotting disposition, etc. prescribed in paragraph (1) of that Article on or after the date of enforcement of the Act on Facilitation, etc. of Reconstruction of Condominiums.

②The provisions of Article 65-2, paragraph (3), item (i) of the New Act on Special Measures Concerning Taxation apply to corporation tax on the transfer of assets through expropriation or replotting, etc. prescribed in paragraph (1) of that Article that a corporation carries out on or after the date of enforcement of the Act Partially Amending the Expropriation of Land Act (Act No. 103 of 2001; referred to as the "Expropriation of Land Act Amendment Act" in the following paragraph).

③The provisions of Article 65-4, paragraph (1), item (xiii) of the New Act on Special Measures Concerning Taxation apply to corporation tax on a transfer of land, etc. prescribed in that paragraph that a corporation carries out on or after the date of enforcement of the Expropriation of Land Act Amendment Act.

④The provisions of Article 65-4, paragraph (1), item (xxiii) of the New Act on Special Measures Concerning Taxation apply to corporation tax on a transfer of land, etc. prescribed in that paragraph that a corporation carries out on or after the date of enforcement of the Act on Facilitation, etc. of Reconstruction of Condominiums.

The provisions of Article 66-4, paragraph (16), item (ii) of the New Act on Special Measures Concerning Taxation apply to corporation tax for which the date specified in that item arrives on or after the Effective Date, and with regard to the period during which an assessment and determination prescribed in that paragraph may be made for corporation tax for which the date specified in Article 66-4, paragraph (16), item (ii) of the Former Act on Special Measures Concerning Taxation arrived before the Effective Date, the provisions then in force continue to govern.

The provisions of Article 66-10, paragraph (1) of the New Act on Special Measures Concerning Taxation (limited to the part concerning item (ii)) apply to fixed assets specified in that item that a corporation listed in that item acquires or manufactures on or after the Effective Date.

The provisions of Article 66-14, paragraph (1) of the New Act on Special Measures Concerning Taxation (limited to the part concerning item (ii)) apply to the amount of loss prescribed in that paragraph incurred in a business year of a corporation ending on or after the Effective Date.

With regard to corporation tax on a transfer of beneficiary certificates of a specified stock investment trust prescribed in Article 67-5, paragraph (1) of the Former Act on Special Measures Concerning Taxation through an exchange prescribed in that paragraph that a corporation carried out before the Effective Date, the provisions then in force continue to govern.

The provisions of Article 68-3-5, paragraph (15), item (ii) of the New Act on Special Measures Concerning Taxation apply to corporation tax for which the date specified in that item arrives on or after the Effective Date, and with regard to the period during which an assessment and determination prescribed in that paragraph may be made for corporation tax for which the date specified in Article 68-3-5, paragraph (15), item (ii) of the Former Act on Special Measures Concerning Taxation arrived before the Effective Date, the provisions then in force continue to govern.