①The provisions of Article 67-5 of the New Act on Special Measures Concerning Taxation apply to low-value depreciable assets prescribed in paragraph (1) of that Article that a corporation acquires, or manufactures or constructs, on or after the Effective Date.

②The provisions then in force continue to govern small-amount depreciable assets prescribed in Article 67-8, paragraph (1) of the Former Act on Special Measures Concerning Taxation that a corporation acquired, or manufactured or constructed, on or before March 31, 2006.

①The provisions then in force continue to govern corporation tax on transfers, through share exchanges, etc. prescribed in Article 67-9, paragraph (1) of the Former Act on Special Measures Concerning Taxation, of specified subsidiary shares prescribed in that paragraph, and on transfers of subsidiary shares, etc. prescribed in Article 67-10, paragraph (1) of the Former Act on Special Measures Concerning Taxation, that a corporation made before October 1, 2006.

②With regard to the application of the provisions of Article 67-10 of the Former Act on Special Measures Concerning Taxation to transfers of subsidiary shares, etc. prescribed in paragraph (1) of that Article that a corporation makes during the period from the Effective Date to September 30, 2006, the phrase "with regard to the application of the provisions of Article 2, item (xviii), in the amount of income prescribed in (a) of that item, and with regard to the application of the provisions of Article 67, paragraphs (2) and (3) of that Act" in paragraph (5) of that Article is deemed to be replaced with "with regard to the application of the provisions of Article 67, paragraphs (3) and (5),", and the phrase ", respectively, included" with "included".

①The provisions of Article 67-14 of the New Act on Special Measures Concerning Taxation apply to corporation tax of a specific purpose company prescribed in paragraph (1) of that Article for business years ending on or after the effective date of the Companies Act, and the provisions then in force continue to govern corporation tax of a specific purpose company prescribed in Article 67-14, paragraph (1) of the Former Act on Special Measures Concerning Taxation for business years that ended before the effective date of the Companies Act.

②With regard to the application of the provisions of Article 67-14 of the New Act on Special Measures Concerning Taxation in the case where a specific purpose company prescribed in Article 67-14, paragraph (1) of the New Act on Special Measures Concerning Taxation is a special former specific purpose company prescribed in Article 230, paragraph (1) of the Act on Arrangement of Relevant Acts Incidental to Enforcement of the Companies Act, the phrase "all of the requirements" in paragraph (1), item (i) of that Article is deemed to be replaced with "all of the requirements (excluding those listed in (c))", and in addition, technical replacements of terms for the application of the provisions of that Article are specified by Cabinet Order.

The provisions of Article 67-15 of the New Act on Special Measures Concerning Taxation apply to corporation tax of an investment corporation prescribed in paragraph (1) of that Article for business years ending on or after the effective date of the Companies Act, and the provisions then in force continue to govern corporation tax of an investment corporation prescribed in Article 67-15, paragraph (1) of the Former Act on Special Measures Concerning Taxation for business years that ended before the effective date of the Companies Act.

The provisions of Article 68, paragraph (1) of the New Act on Special Measures Concerning Taxation apply to corporation tax of a cooperative, etc. prescribed in that paragraph for business years beginning on or after January 1, 2007, and the provisions then in force continue to govern corporation tax of a cooperative, etc. prescribed in Article 68, paragraph (1) of the Former Act on Special Measures Concerning Taxation for business years that began before that date.

The provisions of Article 68-3-2, paragraph (1) of the New Act on Special Measures Concerning Taxation apply to company splits that a corporation carries out on or after the effective date of the Companies Act, and the provisions then in force continue to govern company splits that a corporation carried out before the effective date of the Companies Act.

The provisions of Article 68-3-5, paragraph (6) of the New Act on Special Measures Concerning Taxation apply in the case where a reassessment prescribed in Article 2, item (xliii) of the Corporation Tax Act (hereinafter referred to as a "reassessment" in this Article) or a determination prescribed in Article 2, item (xliv) of that Act (hereinafter referred to as a "determination" in this Article) is made with regard to the amount of income or the amount of loss of a specified trust for a calculation period beginning on or after the Effective Date, and the provisions then in force continue to govern the case where a reassessment or determination is made with regard to the amount of income or the amount of loss of a specified trust for a calculation period that began before the Effective Date.

The provisions of Article 68-3-6 of the New Act on Special Measures Concerning Taxation apply to corporation tax of a corporation that is the trustee of a specified trust for calculation periods ending on or after the Effective Date, and the provisions then in force continue to govern corporation tax of a corporation that is the trustee of a specified trust for calculation periods that ended before the Effective Date. In this case, with regard to the application of the provisions of that Article for a calculation period of a corporation that is the trustee of a specified trust that began before the Effective Date and ends on or after the Effective Date, the phrase "to a fund provider, etc. interest, etc. on liabilities" in paragraph (1) of that Article is deemed to be replaced with "to a fund provider, etc. (excluding persons specified by Cabinet Order; the same applies hereinafter in this Article) interest, etc. on liabilities (excluding those specified by Cabinet Order; the same applies hereinafter in this Article)", and the phrase "liabilities to the specified foreign beneficiary, etc. and the fund provider, etc." with "liabilities to the specified foreign beneficiary, etc. and the fund provider, etc. (excluding liabilities specified by Cabinet Order; the same applies hereinafter in this Article)".

①The provisions of Article 68-3-7, paragraph (1) of the New Act on Special Measures Concerning Taxation apply in the case where there are dividends of surplus, dividends of profits or distributions of surplus prescribed in that paragraph whose record date for payment is a day on or after the effective date of the Companies Act, and the provisions then in force continue to govern the case where there are dividends of profits or distributions of surplus prescribed in Article 68-3-7, paragraph (1) of the Former Act on Special Measures Concerning Taxation whose record date for payment is a day before the effective date of the Companies Act.

②The provisions of Article 68-3-9, paragraph (1) of the New Act on Special Measures Concerning Taxation apply in the case where there are dividends of surplus, etc. prescribed in that paragraph whose record date for payment is a day on or after the effective date of the Companies Act, and the provisions then in force continue to govern the case where there are dividends of profits or distributions of surplus prescribed in Article 68-3-9, paragraph (1) of the Former Act on Special Measures Concerning Taxation whose record date for payment is a day before the effective date of the Companies Act.

The provisions of Article 68-3-13, paragraph (1) of the New Act on Special Measures Concerning Taxation apply in the case where there are dividends of surplus, etc. prescribed in item (iii) of that paragraph whose record date for payment is a day on or after the effective date of the Companies Act, and the provisions then in force continue to govern the case where there are dividends of profits or distributions of surplus prescribed in Article 68-3-13, paragraph (1), item (iii) of the Former Act on Special Measures Concerning Taxation whose record date for payment is a day before the effective date of the Companies Act.

①The provisions of Article 68-9 of the New Act on Special Measures Concerning Taxation apply to corporation tax for consolidated business years in which a consolidated corporation's consolidated parent corporation business year (meaning a consolidated parent corporation business year prescribed in Article 15-2, paragraph (1) of the Corporation Tax Act; the same applies hereinafter up to Article 149 of the Supplementary Provisions) begins on or after the Effective Date, and the provisions then in force continue to govern corporation tax for consolidated business years in which a consolidated corporation's consolidated parent corporation business year began before the Effective Date.

②Necessary transitional measures for the enforcement of the provisions of Article 68-9, paragraph (3) or (7) of the New Act on Special Measures Concerning Taxation in the case where the amount of experimental research expenses (meaning the amount of experimental research expenses prescribed in paragraph (1) of that Article; the same applies hereinafter in this paragraph) that is included in deductible expenses in calculating the amount of consolidated income for the consolidated business year of a consolidated parent corporation, or of a consolidated subsidiary corporation having a consolidated full controlling interest with that consolidated parent corporation at the end of the consolidated business year for which that consolidated parent corporation seeks to apply the provisions of Article 68-9, paragraph (3) or (7) of the New Act on Special Measures Concerning Taxation, or the amount of experimental research expenses that is included in deductible expenses in calculating the amount of consolidated income for the previous consolidated business year of that consolidated parent corporation, or of a consolidated subsidiary corporation having a consolidated full controlling interest with that consolidated parent corporation at the end of the previous consolidated business year of that consolidated parent corporation prescribed in paragraph (3) or (7) of that Article (hereinafter referred to as the "previous consolidated business year" in this paragraph), includes an amount that was included in deductible expenses as a depreciation allowance for equipment for development research prescribed in Article 68-20-2, paragraph (1) of the Former Act on Special Measures Concerning Taxation, are specified by Cabinet Order.

The provisions of Article 68-11 of the New Act on Special Measures Concerning Taxation apply to specified machinery and equipment, etc. prescribed in paragraph (1) of that Article and depreciable assets prescribed in paragraph (3) of that Article that a consolidated parent corporation or a consolidated subsidiary corporation having a consolidated full controlling interest with that consolidated parent corporation acquires or manufactures, or leases, on or after the Effective Date, and the provisions then in force continue to govern specified machinery and equipment, etc. prescribed in Article 68-11, paragraph (1) of the Former Act on Special Measures Concerning Taxation and depreciable assets prescribed in paragraph (3) of that Article that a consolidated parent corporation or a consolidated subsidiary corporation having a consolidated full controlling interest with that consolidated parent corporation acquired or manufactured, or leased, before the Effective Date.

The provisions of Article 68-15 of the New Act on Special Measures Concerning Taxation apply to information infrastructure enhancement equipment, etc. prescribed in paragraph (1) of that Article that a consolidated parent corporation or a consolidated subsidiary corporation having a consolidated full controlling interest with that consolidated parent corporation acquires or manufactures, or leases, on or after the Effective Date.