①This Act comes into effect on April 1, 1961; provided, however, that the provisions deleting Article 14, renumbering Article 13 as Article 14 and adding one Article after Article 12-2, the provisions amending Articles 45 and 46, and the provisions in Chapter II, Section 4 deleting "Subsection 4 Other Special Provisions" and adding two Subsections and Subsection titles after Article 38-2 and the provisions adding one Subsection and a Subsection title after Article 65-2, insofar as they concern districts designated as underdeveloped region industrial development districts, come into effect on the date on which the Act on Promotion of Industrial Development in Underdeveloped Regions (Act No. 216 of 1961) comes into effect; the provisions amending Articles 18 and 52 and the provisions adding a Section title and two Articles before Article 67, insofar as they concern mining and manufacturing technology research associations, come into effect on the date on which the Research and Development Partnerships Act (Act No. 81 of 1961) comes into effect; and the provisions adding one Section after Article 66, insofar as they concern agricultural cooperatives, and the provisions adding one Article after Article 81 come into effect on the date on which the Act on Promotion of Merger of Agricultural Cooperatives (Act No. 48 of 1961) comes into effect.

②The provisions of Chapter II of the Act on Special Measures Concerning Taxation as amended (hereinafter referred to as "the New Act") apply to income tax for 1961 and subsequent years.

③Unless otherwise provided for, the provisions of Chapter III of the New Act apply to corporation tax of a corporation (including an association or foundation without juridical personality prescribed in Article 1, paragraph (2) of the Corporation Tax Act (Act No. 28 of 1947); the same applies hereinafter) for business years ending on or after April 1, 1961.

④The provisions of Articles 65-3 and 65-4 of the New Act apply to corporation tax on the transfer of land, etc. in the case where the purchase or transfer of land, etc. prescribed in the items of Article 65-3, paragraph (1) of the New Act is made on or after April 1, 1961.

⑤The provisions of Articles 66-2 through 66-4 of the New Act (limited to the portions concerning the corporations prescribed in Article 66-2, paragraph (1), items (iii) and (iv) of the New Act) and Article 66-5 of the New Act (limited to the portion concerning the corporations prescribed in Article 66-2, paragraph (1), item (iii) of the New Act) apply in the case where those corporations merge on or after April 1, 1961 upon receiving the recommendation or authorization prescribed in item (iii) or item (iv) of that paragraph.

⑥The provisions of Article 81 of the New Act (limited to the portion concerning registration tax on the matters listed in the items of that Article that are carried out on the basis of the recommendation or instruction prescribed in that Article) apply to registration tax on those matters carried out on the basis of such a recommendation or instruction given on or after April 1, 1961, and the provisions then in force continue to govern registration tax on the matters listed in the items of Article 81 of the Act on Special Measures Concerning Taxation prior to amendment that are carried out on the basis of the recommendation or instruction prescribed in that Article given before that date.