The provisions of Article 68-88, paragraphs (28) and (31) of the New Act on Special Measures Concerning Taxation apply to corporation tax or local corporation tax for which the deadline or date specified in any of the items of paragraph (28) of that Article arrives on or after the Effective Date, and the provisions then in force continue to govern corporation tax or local corporation tax for which the deadline or date specified in any of the items of Article 68-88, paragraph (28) of the Former Act on Special Measures Concerning Taxation arrived before the Effective Date. In this case, with regard to the application of the provisions of Article 68-88, paragraphs (28) and (31) of the New Act on Special Measures Concerning Taxation in a consolidated business year of a consolidated corporation that began before the Effective Date (limited to one for which the deadline or date specified in any of the items of Article 68-88, paragraph (28) of the New Act on Special Measures Concerning Taxation arrives on or after the Effective Date), the phrase "seven years" in paragraph (28) of that Article is deemed to be replaced with "six years"; the phrase "and paragraph (4), and" with "through paragraph (5), and"; the phrase "Article 68-88, paragraph (28) of the Act on Special Measures Concerning Taxation (" with "Article 68-88, paragraph (28) of the Act on Special Measures Concerning Taxation as applied with the replacement of terms pursuant to Article 103 (Transitional Measures Concerning Special Provisions on Taxation on Transactions with Foreign Affiliates of Consolidated Corporations) of the Supplementary Provisions of the Act Partially Amending the Income Tax Act, etc. (Act No. 8 of 2020; hereinafter referred to as the '2020 Income Tax Act Amendment' in this Article) ("; the phrase "and of Article 68-88, paragraph (28) of the Act on Special Measures Concerning Taxation" with "and of Article 68-88, paragraph (28) of the Act on Special Measures Concerning Taxation as applied with the replacement of terms pursuant to Article 103 of the Supplementary Provisions of the 2020 Income Tax Act Amendment"; the phrase "Article 68-88, paragraph (28) of that Act' and" with "Article 68-88, paragraph (28) of the Act on Special Measures Concerning Taxation as applied with the replacement of terms pursuant to Article 103 of the Supplementary Provisions of the 2020 Income Tax Act Amendment', and the phrase 'or the preceding two paragraphs' in paragraph (5) of that Article is deemed to be replaced with 'or the preceding two paragraphs, or Article 68-88, paragraph (28) of the Act on Special Measures Concerning Taxation as applied with the replacement of terms pursuant to Article 103 of the Supplementary Provisions of the 2020 Income Tax Act Amendment' and"; the phrase "Article 68-88, paragraph (28) of the Act on Special Measures Concerning Taxation'" with "Article 68-88, paragraph (28) of the Act on Special Measures Concerning Taxation as applied with the replacement of terms pursuant to Article 103 of the Supplementary Provisions of the 2020 Income Tax Act Amendment'"; the phrase "(the Act on Special Measures Concerning Taxation" with "(the Act on Special Measures Concerning Taxation as applied with the replacement of terms pursuant to Article 103 of the Supplementary Provisions of the Act Partially Amending the Income Tax Act, etc. (Act No. 8 of 2020; hereinafter referred to as the '2020 Income Tax Act Amendment' in this paragraph and paragraph (3))"; and the phrase ", the Act on Special Measures Concerning Taxation" with ", the Act on Special Measures Concerning Taxation as applied with the replacement of terms pursuant to Article 103 of the Supplementary Provisions of the 2020 Income Tax Act Amendment"; and the phrase "the Act on General Rules for National Taxes as applied with the replacement of terms pursuant to paragraph (28)" in paragraph (31) of that Article is deemed to be replaced with "the Act on General Rules for National Taxes as applied with the replacement of terms pursuant to paragraph (28) as applied with the replacement of terms pursuant to Article 103 of the Supplementary Provisions of the Act Partially Amending the Income Tax Act, etc. (Act No. 8 of 2020)"; the phrase "the Act on Special Measures Concerning Taxation" with "the Act on Special Measures Concerning Taxation as applied with the replacement of terms pursuant to Article 103 (Transitional Measures Concerning Special Provisions on Taxation on Transactions with Foreign Affiliates of Consolidated Corporations) of the Supplementary Provisions of the Act Partially Amending the Income Tax Act, etc. (Act No. 8 of 2020; hereinafter referred to as the '2020 Income Tax Act Amendment' in this paragraph)"; and the phrase "Article 68-88, paragraph (28) of that Act" with "Article 68-88, paragraph (28) of the Act on Special Measures Concerning Taxation as applied with the replacement of terms pursuant to Article 103 of the Supplementary Provisions of the 2020 Income Tax Act Amendment".