Supplementary Provisions, Article 7Transitional Measures Concerning Enterprise Tax

①Except as otherwise provided, the provisions of the New Act relating to corporate enterprise tax apply to corporate enterprise tax for business years beginning on or after the Effective Date, and with regard to corporate enterprise tax for business years that began before the Effective Date, the provisions then in force continue to govern.

②The provisions of Article 72-23, paragraph (3) of the New Act apply to the loss amount referred to in Article 72-23, paragraph (3) of the New Act that arose in a business year ending on or after April 1, 2008 (excluding a period that falls under a consolidated business year (meaning a consolidated business year prescribed in Article 15-2 of the Corporation Tax Act (Act No. 34 of 1965); the same applies hereinafter in this paragraph)) or the individual loss amount referred to in that paragraph that arose in a business year ending on or after that date (limited to a period that falls under a consolidated business year), and with regard to the loss amount referred to in Article 72-23, paragraph (3) of the Former Act that arose in a business year ending before that date (excluding a period that falls under a consolidated business year) or the individual loss amount referred to in that paragraph that arose in a business year ending before that date (limited to a period that falls under a consolidated business year), the provisions then in force continue to govern.