①The provisions of Article 68-97 of the New Act on Special Measures Concerning Taxation apply to a consolidated deficit (meaning a consolidated deficit prescribed in Article 2, paragraph (2), item (xxii)-3 of the Former Act on Special Measures Concerning Taxation; the same applies hereinafter in this Article) incurred in a consolidated business year of a consolidated parent corporation ending on or after the Effective Date, and the provisions then in force continue to govern a consolidated deficit incurred in a consolidated business year of a consolidated parent corporation that ended before the Effective Date.

②The provisions of Article 68-97 of the New Act on Special Measures Concerning Taxation do not apply to the total sum of the amounts, out of the consolidated deficit incurred in a consolidated business year ending on or after the Effective Date of a consolidated parent corporation (excluding those listed in the items of Article 68-97 of the New Act on Special Measures Concerning Taxation) or a consolidated subsidiary corporation having a consolidated full controlling interest with that consolidated parent corporation that is a certified business restructuring operator prescribed in Article 68-98, paragraph (2) of the Former Act on Special Measures Concerning Taxation (limited to one that received, before the Effective Date, the certification under Article 18, paragraph (1) of the Act on the Support for Strengthening Agricultural Competitiveness for a specified business restructuring plan prescribed in that paragraph), up to the amount specified by Cabinet Order prescribed in Article 68-98, paragraph (2) of the Former Act on Special Measures Concerning Taxation pertaining to that consolidated parent corporation or its consolidated subsidiary corporation (excluding, for a consolidated business year in which the provisions of Article 68-33 of the New Act on Special Measures Concerning Taxation, and of Article 68-40, paragraphs (1) and (4) and Article 68-41, paragraphs (1) through (3), (11), and (12) of the New Act on Special Measures Concerning Taxation as they relate to Article 68-33, are applied, the consolidated corporation to which that application pertains) (where that amount exceeds the amount attributed to that consolidated parent corporation or its consolidated subsidiary corporation out of the consolidated deficit incurred in that consolidated business year (excluding the amount calculated as specified by Cabinet Order prescribed in that paragraph), the amount after deducting the excess) (referred to as the "amount of deficit from specified equipment disposal, etc." in the following paragraph and paragraph (4)).

③Where the provisions of Article 81-31, paragraph (1) of the Corporation Tax Act are applied to an amount of deficit from specified equipment disposal, etc., the portion of the consolidated deficit for the deficit consolidated business year prescribed in that paragraph in which that amount of deficit from specified equipment disposal, etc. was incurred that exceeds that amount of deficit from specified equipment disposal, etc. is deemed not to exist.

④Beyond what is provided for in the preceding paragraph, matters necessary for the calculation of the individually attributed amount of consolidated deficit prescribed in Article 81-9, paragraph (6) of the Corporation Tax Act and for the application of the provisions of Article 81-31 of that Act in the case where there is an amount of deficit from specified equipment disposal, etc., and any other matters necessary for the application of the provisions of paragraph (2), are specified by Cabinet Order.