Supplementary Provisions, Article 2Transitional Measures Accompanying the Partial Amendment of the Local Tax Act by the Provisions of Article 1

Except as otherwise provided, the provisions of the Local Tax Act after amendment by the provisions of Article 1 (hereinafter referred to as the "New Local Tax Act") relating to local consumption tax apply to local consumption tax on taxable transfers, etc. of assets (meaning the taxable transfers, etc. of assets prescribed in Article 2, paragraph (1), item (ix) of the Consumption Tax Act (Act No. 108 of 1988); the same applies hereinafter) made by a business operator (meaning a business operator prescribed in Article 72-77, item (i) of the Local Tax Act; the same applies hereinafter) on or after the day this Act comes into effect (hereinafter referred to as the "Effective Date") and taxable goods (meaning the taxable goods prescribed in item (xi) of that paragraph; the same applies hereinafter) taken from a bonded area (meaning the bonded area prescribed in item (ii) of that paragraph; the same applies hereinafter) on or after the Effective Date, and with regard to local consumption tax on taxable transfers, etc. of assets made by a business operator before the Effective Date and taxable goods taken from a bonded area before the Effective Date, the provisions then in force continue to govern.