①The provisions of Article 60 of the New Act on Special Measures Concerning Taxation apply to corporation tax for business years of domestic corporations ending on or after the Effective Date, and the provisions then in force continue to govern corporation tax for business years of domestic corporations that ended before the Effective Date.

②With regard to the application of the provisions of Article 60 of the New Act on Special Measures Concerning Taxation in business years ending on or after the Effective Date of a domestic corporation that falls under the category of any of the following corporations (including, where that domestic corporation 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 hereinafter in this paragraph and the following paragraph), that domestic corporation in the case where any other group tax sharing corporation falls under the category of any of the following corporations), the phrase "(limited to one incorporated on or after the day of submission prescribed in the left-hand column of that item" in paragraph (1) of that Article is deemed to be replaced with "that, among those, was incorporated on or after the day of plan submission, etc. (meaning, for a domestic corporation other than a domestic corporation under the transitional measures (meaning a domestic corporation that falls under the category of the corporations listed in the items of Article 45, paragraph (2) of the Supplementary Provisions of the Act Partially Amending the Income Tax Act, etc. (Act No. 4 of 2022); the same applies hereinafter in this paragraph), the submission prescribed in the left-hand column of the items of that table; for a domestic corporation under the transitional measures that falls under the category of the corporations listed in the left-hand column of item (i) of that table, the designation under Article 29, paragraph (1) of the Act on Special Measures for the Promotion and Development of Okinawa prior to the amendment by the Act Partially Amending the Act on Special Measures for the Promotion and Development of Okinawa (Act No. 7 of 2014) (hereinafter referred to as the '2014 Former Okinawa Promotion Act' in this paragraph); and, for a domestic corporation under the transitional measures that falls under the category of the corporations listed in the left-hand column of item (ii) of that table, the submission under Article 41, paragraph (5) of the Act on Special Measures for the Promotion and Development of Okinawa prior to the amendment by the provisions of Article 1 of the Act Partially Amending the Act on Special Measures for the Promotion and Development of Okinawa, etc. (Act No. 7 of 2022; hereinafter referred to as the 'Okinawa Promotion Act, etc. Amendment Act' in this paragraph) (hereinafter referred to as the 'Former Okinawa Promotion Act' in this paragraph) (or, for a domestic corporation under the transitional measures that has its head office or principal office within a district designated as an international logistics hub industrial cluster area pursuant to the provisions of Article 42, paragraph (1) of the 2014 Former Okinawa Promotion Act, that designation))", and the phrase "within the area listed in the middle column of that item;" is deemed to be replaced with "within the area listed in the middle column of that item ("; in the left-hand column of item (i) of the table in that paragraph, the phrase "limited to …)" is deemed to be replaced with "limited to …; hereinafter referred to as a 'certified corporation' in this item) or a corporation that has received the certification prescribed in Article 4, paragraph (2) of the Supplementary Provisions of the Okinawa Promotion Act, etc. Amendment Act in the case where the provisions then in force continue to govern pursuant to that paragraph (excluding a certified corporation; hereinafter referred to as a 'former certified corporation' in this item)"; in the middle column of that item, the phrase "Article 29, paragraph (1) of that Act" is deemed to be replaced with "Article 29, paragraph (1) of the Act on Special Measures for the Promotion and Development of Okinawa", and the phrase "The area of the special district for the information and communications industry prescribed in Article 28, paragraph (2), item (iii) of that Act that is set out in the submitted information and communications industry promotion plan prescribed in Article 29, paragraph (1) of the Act on Special Measures for the Promotion and Development of Okinawa" is deemed to be replaced with "The area of the special district for the information and communications industry prescribed in Article 28, paragraph (2), item (iii) of that Act that is set out in the submitted information and communications industry promotion plan prescribed in Article 29, paragraph (1) of the Act on Special Measures for the Promotion and Development of Okinawa (or, for a former certified corporation, the special district for the information and communications industry prescribed in Article 28, paragraph (2), item (iii) of the Former Okinawa Promotion Act that is set out, as of March 31, 2022, in the submitted information and communications industry promotion plan prescribed in Article 29, paragraph (1) of the Former Okinawa Promotion Act)"; in the right-hand column of that item, the phrase "that Act" is deemed to be replaced with "the Act on Special Measures for the Promotion and Development of Okinawa", and the phrase "Certified specified information and communications business" is deemed to be replaced with "Certified specified information and communications business (or, for a former certified corporation, the specified information and communications business prescribed in Article 30, paragraph (1) of the Former Okinawa Promotion Act)"; in the left-hand column of item (ii) of that table, the phrase "limited to …)" is deemed to be replaced with "limited to …; hereinafter referred to as a 'certified corporation' in this item) or a corporation that has received the certification prescribed in Article 6, paragraph (3) of the Supplementary Provisions of the Okinawa Promotion Act, etc. Amendment Act in the case where the provisions then in force continue to govern pursuant to that paragraph (excluding a certified corporation; hereinafter referred to as a 'former certified corporation' in this item)"; in the middle column of that item, the phrase "Article 42, paragraph (1) of that Act" is deemed to be replaced with "Article 42, paragraph (1) of the Act on Special Measures for the Promotion and Development of Okinawa", and the phrase "The area of the international logistics hub industrial cluster area prescribed in Article 41, paragraph (2), item (ii) of that Act that is set out in the submitted international logistics hub industrial cluster plan prescribed in Article 42, paragraph (1) of the Act on Special Measures for the Promotion and Development of Okinawa" is deemed to be replaced with "The area of the international logistics hub industrial cluster area prescribed in Article 41, paragraph (2), item (ii) of that Act that is set out in the submitted international logistics hub industrial cluster plan prescribed in Article 42, paragraph (1) of the Act on Special Measures for the Promotion and Development of Okinawa (or, for a former certified corporation, the international logistics hub industrial cluster area prescribed in that item that is set out, as of March 31, 2022, in the submitted international logistics hub industrial cluster plan prescribed in Article 42, paragraph (1) of the Former Okinawa Promotion Act)"; and, in the right-hand column of that item, the phrase "that Act" is deemed to be replaced with "the Act on Special Measures for the Promotion and Development of Okinawa", and the phrase "Certified specified international logistics hub business" is deemed to be replaced with "Certified specified international logistics hub business (or, for a former certified corporation, the specified international logistics hub business prescribed in Article 44, paragraph (1) of the Former Okinawa Promotion Act)".

③With regard to the application of the provisions of Article 60 of the New Act on Special Measures Concerning Taxation in business years ending on or after the Effective Date of a domestic corporation that falls under the category of former certified corporations (meaning corporations that have received the certification prescribed in Article 7, paragraph (2) of the Supplementary Provisions of the Okinawa Promotion Act, etc. Amendment Act in the case where the provisions then in force continue to govern pursuant to that paragraph; the same applies hereinafter in this paragraph) (including, where that domestic corporation is a group tax sharing corporation, that domestic corporation in the case where any other group tax sharing corporation falls under the category of former certified corporations), the phrase "limited to ...)" in paragraph (2) of that Article is deemed to be replaced with "limited to ...) or a former certified corporation prescribed in Article 45, paragraph (3) of the Supplementary Provisions of the Act Partially Amending the Income Tax Act, etc. (Act No. 4 of 2022)", and the phrase ", that Act" is deemed to be replaced with ", the Act on Special Measures for the Promotion and Development of Okinawa".