①The provisions of Article 68-15-5 of the New Act on Special Measures Concerning Taxation apply to corporation tax for consolidated business years for which the consolidated corporation's consolidated parent corporation business year ends on or after the Effective Date, and the provisions then in force continue to govern corporation tax for consolidated business years for which the consolidated corporation's consolidated parent corporation business year ended before the Effective Date.

②If a consolidated business year of a consolidated corporation that ended before the Effective Date (limited to a consolidated business year that falls under each consolidated business year prescribed in Article 68-15-5, paragraph (1) of the Former Act on Special Measures Concerning Taxation, and excluding a consolidated business year to which the provisions of that paragraph apply and a consolidated business year for which the provisions of Articles 25-3 through 25-3-3 of the Former Earthquake Tax Special Provisions Act have been applied; referred to as a "transitional year" hereinafter in this Article, except in paragraph (4), item (i) and paragraph (5), item (i)) is an eligible transitional year (meaning that transitional year in the case where, if the provisions of Article 68-15-5 of the New Act on Special Measures Concerning Taxation were applied by deeming the transitional year to be the applicable year prescribed in paragraph (2), item (iii) of that Article, the case would fall under the case prescribed in the main clause of paragraph (1) of that Article), with regard to the application of the provisions of paragraph (1) of that Article to corporation tax for the consolidated business year for which that consolidated corporation's consolidated parent corporation business year first ends on or after the Effective Date (referred to as the "special consolidated business year" hereinafter up to paragraph (5)), the phrase "an amount equivalent to (" in that paragraph is deemed to be replaced with "the total of an amount equivalent to and the transitional year maximum credit (meaning the amount equivalent to 10 percent of the total of the transitional increases in salaries, etc. paid to employees (meaning the increase in salaries, etc. paid to employees in the case where that transitional year is deemed to be the applicable year prescribed in item (iii) of the following paragraph) pertaining to each transitional year (meaning a transitional year prescribed in Article 112, paragraph (2) of the Supplementary Provisions of the Act Partially Amending the Income Tax Act, etc. (Act No. 10 of 2014); the same applies hereinafter in this paragraph) that is an eligible transitional year prescribed in that paragraph) (", the phrase "equivalent to 10 percent (or 20 percent if the consolidated parent corporation is a small or medium-sized consolidated parent corporation (meaning a small or medium-sized consolidated parent corporation prescribed in Article 68-9, paragraph (6))) of" is deemed to be replaced with "calculated by multiplying by the credit ceiling ratio (meaning the ratio calculated by multiplying 10 percent (or 20 percent if the consolidated parent corporation is a small or medium-sized consolidated parent corporation prescribed in Article 68-9, paragraph (6)) by the number obtained by dividing the total number of months of the consolidated parent corporation business years pertaining to that consolidated business year and each of those transitional years by the number of months of the consolidated parent corporation business year pertaining to that consolidated business year (or, if that number has a fraction below the second decimal place, the number obtained by rounding down that fraction))", the phrase "that amount equivalent to 10 percent" is deemed to be replaced with "that calculated amount", and the phrase "the preceding paragraph" in paragraph (3) of that Article is deemed to be replaced with "the preceding two paragraphs".

③In the case of calculating the transitional increase in salaries, etc. paid to employees prescribed in Article 68-15-5, paragraph (1) of the New Act on Special Measures Concerning Taxation as applied with the replacement of terms pursuant to the preceding paragraph, the consolidated subsidiary corporations prescribed in paragraph (2), items (iii) and (iv) of that Article are to be limited to those with which the consolidated parent corporation referred to in paragraph (1) of that Article has had a consolidated full controlling interest continuously from the end of the transitional year pertaining to that transitional increase in salaries, etc. paid to employees to the end of the special consolidated business year.

④If, among the consolidated parent corporation that applies the provisions of Article 68-15-5, paragraph (1) of the New Act on Special Measures Concerning Taxation in a special consolidated business year and the consolidated subsidiary corporations with which that consolidated parent corporation has a consolidated full controlling interest, there is a corporation that falls under a consolidated parent corporation or its consolidated subsidiary corporation for which that special consolidated business year is the first consolidated business year prescribed in Article 15-2, paragraph (1) of the Corporation Tax Act, or under a consolidated subsidiary corporation with which, at the end of a business year that began on or after April 1, 2013 and ended before the Effective Date (hereinafter referred to as a "special eligible business year" in this paragraph and the following paragraph), the consolidated parent corporation referred to in Article 68-15-5, paragraph (1) of the New Act on Special Measures Concerning Taxation had no consolidated full controlling interest (excluding, for one with which a consolidated full controlling interest came to exist partway through that special consolidated business year, one for which the date on which that consolidated full controlling interest came to exist is after the Effective Date) (hereinafter referred to as a "special consolidated corporation" in this paragraph and item (i) of the following paragraph), and the special eligible business year of that special consolidated corporation is a business year listed in either of the following items (referred to as a "special eligible case" in item (ii) of the following paragraph), the case is to fall under the case prescribed in paragraph (2):

⑤In the case referred to in the preceding paragraph, the application of the provisions of Article 68-15-5, paragraph (1) of the New Act on Special Measures Concerning Taxation as applied with the replacement of terms pursuant to paragraph (2) is governed by the following:

⑥The number of months referred to in the preceding paragraph is calculated according to the calendar, and any fraction of less than one month is counted as one month.

⑦With regard to the application of the provisions of Article 68-15-7 of the New Act on Special Measures Concerning Taxation in the case where the provisions of paragraph (2) apply, the phrase "Article 68-15-5, paragraph (1)" in paragraph (1), item (xii) of that Article is deemed to be replaced with "Article 68-15-5, paragraph (1) (including as applied with the replacement of terms pursuant to the provisions of Article 112, paragraph (2) of the Supplementary Provisions of the Act Partially Amending the Income Tax Act, etc. (Act No. 10 of 2014); the same applies hereinafter in this item)", and the phrase "that paragraph" is deemed to be replaced with "Article 68-15-5, paragraph (1)".

⑧With regard to the application of the provisions of Article 25-2, paragraph (14), Article 25-2-2, paragraph (10) and Article 25-2-3, paragraph (10) of the New Special Provisions Law for Earthquake Victims in the case where the provisions of paragraph (2) apply, the phrase "through Article 68-15-6" in those provisions is deemed to be replaced with "through Article 68-15-6 (including the cases where the provisions of Article 68-15-5 of that Act are applied with the replacement of terms pursuant to the provisions of Article 112, paragraph (2) of the Supplementary Provisions of the Act Partially Amending the Income Tax Act, etc. (Act No. 10 of 2014))", and the phrase "Article 68-9, paragraph (1) of that Act" is deemed to be replaced with "Article 68-9, paragraph (1) of the Act on Special Measures Concerning Taxation".