Supplementary Provisions

①This Ministerial Order comes into effect as of April 1, 2007.

③For a depreciable asset that a corporation (including associations or foundations without juridical personality prescribed in Article 2, item (viii) of the Corporation Tax Act (Act No. 34 of 1965); the same applies hereinafter) acquired before the Effective Date and put to use in business on or after the Effective Date, the provisions of the New Rules apply by deeming that the depreciable asset was acquired on the day it was put to use in business.

④The provisions of Appended Table 2 of the New Rules apply to income tax of individuals for 2008 and thereafter, corporation tax on income for business years of a corporation commencing on or after the Effective Date, corporation tax on the consolidated income for a consolidated business year of a consolidated corporation (meaning a consolidated corporation prescribed in Article 2, item (xii)-7-4 of the Corporation Tax Act; the same applies hereinafter) commencing on or after the Effective Date, and corporation tax on income for calculation periods of a corporation that is the trustee of a specified trust (meaning a specified trust prescribed in item (xxix)-3 of that Article; the same applies hereinafter) commencing on or after the Effective Date, and for income tax of individuals for 2007 and earlier, corporation tax on income for business years of a corporation that commenced before the Effective Date, corporation tax on the consolidated income for a consolidated business year of a consolidated corporation that commenced before the Effective Date, and corporation tax on income for calculation periods of a corporation that is the trustee of a specified trust that commenced before the Effective Date, the provisions then in force continue to govern.