①The provisions of Article 66-4, paragraphs (27) and (30) of the New Act on Special Measures Concerning Taxation apply to corporation tax or local corporation tax for which the time limit or date specified in the items of paragraph (27) 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 time limit or date specified in the items of Article 66-4, paragraph (27) 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 66-4, paragraphs (27) and (30) of the New Act on Special Measures Concerning Taxation in a business year of a corporation that began before the Effective Date (limited to one for which the time limit or date specified in the items of Article 66-4, paragraph (27) of the New Act on Special Measures Concerning Taxation arrives on or after the Effective Date), in paragraph (27) of that Article, the phrase "seven years" is deemed to be replaced with "six years", the phrase "and (4)" with "through (5)", the phrase "Article 66-4, paragraph (27) of the Act on Special Measures Concerning Taxation (" with "Article 66-4, paragraph (27) of the Act on Special Measures Concerning Taxation as applied following the replacement of terms pursuant to the provisions of Article 89, paragraph (1) (Transitional Measures Concerning Special Provisions on Taxation, etc. on Transactions with Foreign Affiliates) 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 "Article 66-4, paragraph (27) of the Act on Special Measures Concerning Taxation" with "Article 66-4, paragraph (27) of the Act on Special Measures Concerning Taxation as applied following the replacement of terms pursuant to the provisions of Article 89, paragraph (1) of the Supplementary Provisions of the 2020 Income Tax Act Amendment", the phrase "Article 66-4, paragraph (27) of that Act'" with "Article 66-4, paragraph (27) of the Act on Special Measures Concerning Taxation as applied following the replacement of terms pursuant to the provisions of Article 89, paragraph (1) 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 with 'or the preceding two paragraphs, or Article 66-4, paragraph (27) of the Act on Special Measures Concerning Taxation as applied following the replacement of terms pursuant to the provisions of Article 89, paragraph (1) of the Supplementary Provisions of the 2020 Income Tax Act Amendment'", the phrase "Article 66-4, paragraph (27) of the Act on Special Measures Concerning Taxation'" with "Article 66-4, paragraph (27) of the Act on Special Measures Concerning Taxation as applied following the replacement of terms pursuant to the provisions of Article 89, paragraph (1) of the Supplementary Provisions of the 2020 Income Tax Act Amendment'", and the phrase "(the Act on Special Measures Concerning Taxation" with "(the Act on Special Measures Concerning Taxation as applied following the replacement of terms pursuant to the provisions of Article 89, paragraph (1) 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 in paragraph (30) of that Article, the phrase "the Act on General Rules for National Taxes as applied following the replacement of terms pursuant to the provisions of paragraph (27)" with "the Act on General Rules for National Taxes as applied following the replacement of terms pursuant to the provisions of paragraph (27) as applied following the replacement of terms pursuant to the provisions of Article 89, paragraph (1) 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 following the replacement of terms pursuant to the provisions of Article 89, paragraph (1) (Transitional Measures Concerning Special Provisions on Taxation, etc. on Transactions with Foreign Affiliates) 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 66-4, paragraph (27) of that Act" with "Article 66-4, paragraph (27) of the Act on Special Measures Concerning Taxation as applied following the replacement of terms pursuant to the provisions of Article 89, paragraph (1) of the Supplementary Provisions of the 2020 Income Tax Act Amendment".

②The provisions of Article 66-4, paragraphs (27) and (30) of the New Act on Special Measures Concerning Taxation as applied mutatis mutandis pursuant to Article 66-4-3, paragraph (14) of the New Act on Special Measures Concerning Taxation apply to corporation tax or local corporation tax for which the time limit or date specified in the items of paragraph (27) 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 time limit or date specified in the items of Article 66-4, paragraph (27) of the Former Act on Special Measures Concerning Taxation as applied mutatis mutandis pursuant to Article 66-4-3, paragraph (14) 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 66-4-3, paragraph (14) of the New Act on Special Measures Concerning Taxation in a business year of a foreign corporation that began before the Effective Date (limited to one for which the time limit or date specified in the items of Article 66-4, paragraph (27) of the New Act on Special Measures Concerning Taxation as applied mutatis mutandis pursuant to Article 66-4-3, paragraph (14) of the New Act on Special Measures Concerning Taxation arrives on or after the Effective Date), in the row for Article 66-4, paragraph (27) of the table in that paragraph, the phrase "Article 66-4, paragraph (27) of the Act on Special Measures Concerning Taxation (Article 66-4, paragraph (27) of that Act as applied mutatis mutandis pursuant to Article 66-4-3, paragraph (14) (Special Provisions on Taxation on Internal Dealings of Foreign Corporations) of the Act on Special Measures Concerning Taxation (and Article 66-4, paragraph (27) of the Act on Special Measures Concerning Taxation and Article 66-4, paragraph (27) of that Act as applied mutatis mutandis pursuant to Article 66-4-3, paragraph (14) of the Act on Special Measures Concerning Taxation and that Act and that Act as applied mutatis mutandis pursuant to Article 66-4-3, paragraph (14) of that Act 'the preceding Article and the Act on Special Measures Concerning Taxation 'the preceding Article and that Act as applied mutatis mutandis pursuant to Article 66-4-3, paragraph (14) of the Act on Special Measures Concerning Taxation the Act on Special Measures Concerning Taxation (Act No. 26 of 1957) that Act as applied mutatis mutandis pursuant to Article 66-4-3, paragraph (14) of the Act on Special Measures Concerning Taxation (Act No. 26 of 1957) and the Act on Special Measures Concerning Taxation and that Act as applied mutatis mutandis pursuant to Article 66-4-3, paragraph (14) of the Act on Special Measures Concerning Taxation, the Act on Special Measures Concerning Taxation, that Act as applied mutatis mutandis pursuant to Article 66-4-3, paragraph (14) of the Act on Special Measures Concerning Taxation" is deemed to be replaced with "seven years six years and (4) through (5) Article 66-4, paragraph (27) of the Act on Special Measures Concerning Taxation (Article 66-4, paragraph (27) of that Act as applied mutatis mutandis pursuant to Article 66-4-3, paragraph (14) (Special Provisions on Taxation on Internal Dealings of Foreign Corporations) of the Act on Special Measures Concerning Taxation as applied following the replacement of terms pursuant to the provisions of Article 89, paragraph (2) (Transitional Measures Concerning Special Provisions on Taxation, etc. on Transactions with Foreign Affiliates) 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) (Article 66-4, paragraph (27) of the Act on Special Measures Concerning Taxation Article 66-4, paragraph (27) of that Act as applied mutatis mutandis pursuant to Article 66-4-3, paragraph (14) of the Act on Special Measures Concerning Taxation as applied following the replacement of terms pursuant to the provisions of Article 89, paragraph (2) of the Supplementary Provisions of the 2020 Income Tax Act Amendment Article 66-4, paragraph (27) of that Act' Article 66-4, paragraph (27) of that Act as applied mutatis mutandis pursuant to Article 66-4-3, paragraph (14) of the Act on Special Measures Concerning Taxation as applied following the replacement of terms pursuant to the provisions of Article 89, paragraph (2) 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 with 'or the preceding two paragraphs, or Article 66-4, paragraph (27) of that Act as applied mutatis mutandis pursuant to Article 66-4-3, paragraph (14) of the Act on Special Measures Concerning Taxation as applied following the replacement of terms pursuant to the provisions of Article 89, paragraph (2) of the Supplementary Provisions of the 2020 Income Tax Act Amendment' Article 66-4, paragraph (27) of the Act on Special Measures Concerning Taxation' Article 66-4, paragraph (27) of that Act as applied mutatis mutandis pursuant to Article 66-4-3, paragraph (14) of the Act on Special Measures Concerning Taxation as applied following the replacement of terms pursuant to the provisions of Article 89, paragraph (2) of the Supplementary Provisions of the 2020 Income Tax Act Amendment' the Act on Special Measures Concerning Taxation (Act No. 26 of 1957) that Act as applied mutatis mutandis pursuant to Article 66-4-3, paragraph (14) of the Act on Special Measures Concerning Taxation (Act No. 26 of 1957) as applied following the replacement of terms pursuant to the provisions of Article 89, paragraph (2) 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))", in the row for Article 66-4, paragraph (30) of that table, the phrase "the Act on Special Measures Concerning Taxation that Act as applied mutatis mutandis pursuant to Article 66-4-3, paragraph (14) (Special Provisions on Taxation on Internal Dealings of Foreign Corporations) of the Act on Special Measures Concerning Taxation" with "the Act on General Rules for National Taxes as applied following the replacement of terms pursuant to the provisions of paragraph (27) the Act on General Rules for National Taxes as applied following the replacement of terms pursuant to the provisions of paragraph (27) as applied mutatis mutandis pursuant to Article 66-4-3, paragraph (14) of the Act on Special Measures Concerning Taxation as applied following the replacement of terms pursuant to the provisions of Article 89, paragraph (2) of the Supplementary Provisions of the Act Partially Amending the Income Tax Act, etc. (Act No. 8 of 2020) the Act on Special Measures Concerning Taxation that Act as applied mutatis mutandis pursuant to Article 66-4-3, paragraph (14) (Special Provisions on Taxation on Internal Dealings of Foreign Corporations) of the Act on Special Measures Concerning Taxation as applied following the replacement of terms pursuant to the provisions of Article 89, paragraph (2) (Transitional Measures Concerning Special Provisions on Taxation, etc. on Transactions with Foreign Affiliates) 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 66-4-3, paragraph (14) of that Act" with "Article 66-4-3, paragraph (14) of the Act on Special Measures Concerning Taxation as applied following the replacement of terms pursuant to the provisions of Article 89, paragraph (2) of the Supplementary Provisions of the 2020 Income Tax Act Amendment".

①The provisions of Article 66-7, paragraph (4) of the New Act on Special Measures Concerning Taxation apply to the amount of foreign country's corporate tax prescribed in that paragraph pertaining to the taxable amount or partially taxable amount prescribed in that paragraph for business years of a foreign affiliated company prescribed in that paragraph ending on or after the Effective Date.

②With regard to the application of the provisions of Article 66-7, paragraph (10) and Article 66-9-3, paragraph (9) of the New Act on Special Measures Concerning Taxation during the period from the Effective Date to the day before the date specified in Article 1, item (ix) of the Supplementary Provisions, the phrase ", Article 42-12-5, paragraph (7) or Article 42-12-5-2, paragraph (6)" in those provisions is deemed to be replaced with "or Article 42-12-5, paragraph (7)".

①The provisions of Article 66-12 of the New Act on Special Measures Concerning Taxation apply to the amount of loss (meaning the amount of loss prescribed in the main clause of Article 66-12, paragraph (1) of the Act on Special Measures Concerning Taxation; the same applies in the following paragraph and paragraph (3)) incurred in a business year of a corporation ending on or after the Effective Date, and the provisions then in force continue to govern the amount of loss prescribed in the main clause of Article 66-13, paragraph (1) of the Former Act on Special Measures Concerning Taxation incurred in a business year of a corporation that ended before the Effective Date.

②The provisions of Article 66-12, paragraph (1) of the Act on Special Measures Concerning Taxation do not apply to the portion, up to the amount specified by Cabinet Order prescribed in Article 66-13, paragraph (2) of the Former Act on Special Measures Concerning Taxation, of the amount of loss (excluding the amount of deficit from disaster losses prescribed in the proviso to Article 66-12, paragraph (1) of the Act on Special Measures Concerning Taxation that serves as the basis for calculating the amount to be refunded pursuant to the provisions of Article 80, paragraph (1) of the Corporation Tax Act as applied mutatis mutandis pursuant to paragraph (5) of that Article or the provisions of Article 144-13, paragraph (1) or (2) of that Act as applied mutatis mutandis pursuant to paragraph (11) of that Article (or, if the certified business restructuring corporation is a group tax sharing corporation prescribed in Article 2, paragraph (2), item (x)-6 of the Act on Special Measures Concerning Taxation, the amount deemed to be the amount that served as the basis for calculating the amount to be refunded pursuant to the provisions of Article 80, paragraph (13) of the Corporation Tax Act)) incurred in a business year ending on or after the Effective Date (excluding a business year in which the provisions of Article 46 of the Act on Special Measures Concerning Taxation, and the provisions of Article 52-2, paragraphs (1) and (4) and Article 52-3, paragraphs (1) through (3), (11) and (12) of the New Act on Special Measures Concerning Taxation pertaining to the provisions of that Article, are applied) of a corporation filing a blue return prescribed in Article 2, paragraph (2), item (xxix) of the Act on Special Measures Concerning Taxation (excluding the corporations listed in the items of Article 66-12, paragraph (1) of that Act) that is a certified business restructuring operator prescribed in Article 66-13, paragraph (2) of the Former Act on Special Measures Concerning Taxation (limited to one that obtained, before the Effective Date, the certification under Article 18, paragraph (1) of the Act on the Support for Strengthening Agricultural Competitiveness (Act No. 35 of 2017) for a specified business restructuring plan prescribed in that paragraph; referred to as a "certified business restructuring corporation" in this paragraph and paragraph (4)) (that portion is hereinafter referred to as the "amount of deficit from specified equipment disposal, etc." in this Article).

③Where the provisions of Article 80, paragraph (1) or Article 144-13, paragraph (1) or (2) of the Corporation Tax Act are applied with regard to an amount of deficit from specified equipment disposal, etc., the portion of the amount of loss for the loss business year prescribed in those provisions 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 to be nil.

④The amount of deficit from specified equipment disposal, etc. of a certified business restructuring corporation that is a group tax sharing corporation (meaning a group tax sharing corporation prescribed in Article 2, paragraph (2), item (x)-6 of the Act on Special Measures Concerning Taxation; the same applies in Article 117 of the Supplementary Provisions) is deemed to be the deficit eligible for a refund prescribed in Article 66-12, paragraph (2) of that Act, with regard to the application of the provisions of that paragraph.

⑤Beyond what is provided for in the preceding two paragraphs, matters necessary for the application of the provisions of Article 80 and Article 144-13 of the Corporation Tax 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.