With regard to the application of the provisions of the Corporation Tax Act and other laws and regulations in the case where a distribution in kind prescribed in Article 2, item (xii)-5-2 of the Corporation Tax Act conducted by a corporation that has received the certification referred to in Article 23, paragraph (1) of the Act on Strengthening Industrial Competitiveness on or after April 1, 2026 falls under a certified share distribution (meaning a specified dividend of surplus prescribed in Article 31, paragraph (1) of the Act on Strengthening Industrial Competitiveness made in accordance with the certified business restructuring plan prescribed in Article 24, paragraph (2) of that Act pertaining to that certification) (excluding the case where that certified share distribution would fall under a share distribution prescribed in Article 2, item (xii)-15-2 of the Corporation Tax Act if the provisions of this paragraph were not applied), the phrase "through which all of the issued shares, etc. of a corporation" in Article 2, item (xii)-15-2 of that Act is deemed to be replaced with "through which the issued shares, etc. of a corporation", and the phrase "that is specified by Cabinet Order as a share distribution for the wholly owned subsidiary corporation and the corporation making a distribution in kind to conduct their businesses independently (limited to one in which those shares" in item (xii)-15-3 of that Article is deemed to be replaced with "that is a certified share distribution prescribed in Article 68-2, paragraph (1) (Special Provisions on Taxation on Certified Share Distributions) of the Act on Special Measures Concerning Taxation and that satisfies the requirement that the ratio of the number (or, for capital contributions, the amount) of the shares of the wholly owned subsidiary corporation held by the corporation making a distribution in kind immediately after that certified share distribution to the total number or total amount of the issued shares, etc. of that wholly owned subsidiary corporation is less than 20 percent and other requirements specified by Cabinet Order (limited to one in which the shares of that wholly owned subsidiary corporation".
産業競争力強化法第二十三条第一項の認定を令和八年四月一日以後に受けた法人が行う法人税法第二条第十二号の五の二に規定する現物分配が認定株式分配（当該認定に係る産業競争力強化法第二十四条第二項に規定する認定事業再編計画に従つてする同法第三十一条第一項に規定する特定剰余金配当をいう。）に該当する場合（この項の規定を適用しないものとした場合に当該認定株式分配が法人税法第二条第十二号の十五の二に規定する株式分配に該当する場合を除く。）における同法その他の法令の規定の適用については、同条第十二号の十五の二中「の全部が移転する」とあるのは「が移転する」と、同条第十二号の十五の三中「完全子法人と現物分配法人とが独立して事業を行うための株式分配として政令で定めるもの（当該」とあるのは「租税特別措置法第六十八条の二第一項（認定株式分配に係る課税の特例）に規定する認定株式分配で当該認定株式分配の直後に現物分配法人が有する完全子法人の株式の数（出資にあつては、金額）の当該完全子法人の発行済株式等の総数又は総額のうちに占める割合が百分の二十未満となることその他の政令で定める要件に該当するもの（当該完全子法人の」とする。
Necessary matters concerning the application of the provisions of the Corporation Tax Act and other laws and regulations in the case where the provisions of the preceding paragraph apply are specified by Cabinet Order.