Supplementary Provisions, Article 3Application of Provisions on Enterprise Tax

①Except as otherwise provided, the provisions of the New Act relating to corporate enterprise tax apply from corporate enterprise tax for the business year that includes the Effective Date and corporate enterprise tax on liquidation income arising from dissolution or merger on or after that date (including corporate enterprise tax for business years in liquidation of corporations on which enterprise tax on liquidation income is imposed and corporate enterprise tax to be paid by reason of partial distribution of residual assets; the same applies hereinafter), and for corporate enterprise tax for each business year up to the business year immediately preceding the business year that includes that date and corporate enterprise tax on liquidation income arising from dissolution or merger before that date, the provisions then in force continue to govern.

②The provisions of Article 72-13, paragraph (5) of the New Act apply where facts falling under that Article arise on or after the Effective Date, and where those facts arose before that date, the provisions then in force continue to govern.

③For corporate enterprise tax relating to returns under Article 72-26, paragraphs (1) and (6) and Article 72-27 of the Former Act whose return due dates arrived by the day before the Effective Date, the provisions then in force continue to govern.

④The provisions of Article 72-18, paragraphs (1) and (3) of the New Act apply from individual enterprise tax for fiscal year 1965, and for individual enterprise tax up to fiscal year 1964, the provisions then in force continue to govern.

⑤The provisions of Article 72-55, paragraph (1) of the New Act apply from individual enterprise tax relating to individuals who discontinued business on or after March 1, 1965, and for individual enterprise tax relating to individuals who discontinued business before that date, the provisions then in force continue to govern.