With regard to the application of the provisions of Article 20, paragraph (1) of the New Act to income tax for 1980 in the case where the gross revenue pertaining to the business income of an individual for 1979 includes revenue from overseas transactions prescribed in that paragraph, the phrase "classified, the total of the amounts calculated by multiplying the respective revenues by the ratios listed in those items, by the number of months in the designated period within the period during which the individual carried on business in that year" in that paragraph is deemed to be replaced with "classified, the amount obtained by adding to the total of an amount equivalent to 17/1,000 of the amount calculated by multiplying the revenue from transactions listed in item (i) of the following paragraph by the number of months in the period from January 1, 1980 to March 31, 1980 within the period during which the individual carried on business in that year (hereinafter referred to as the "designated period for the former reserve rate" in this paragraph) and dividing the result by the number of months in the period during which the individual carried on business (hereinafter referred to as the "number of months of that year" in this paragraph), and an amount equivalent to 13.6/1,000 of the amount calculated by multiplying the revenue from those transactions by the number of months obtained by deducting the number of months in the designated period for the former reserve rate from the number of months of that year and dividing the result by the number of months of that year, the total of an amount equivalent to 23/1,000 of the amount calculated by multiplying the revenue from transactions listed in items (ii) through (viii) of the following paragraph by the number of months in the designated period for the former reserve rate and dividing the result by the number of months of that year, and an amount equivalent to 18.4/1,000 of the amount calculated by multiplying the revenue from those transactions by the number of months obtained by deducting the number of months in the designated period for the former reserve rate from the number of months of that year and dividing the result by the number of months of that year, by the number of months of that year".

With regard to the application of the provisions of Article 21, paragraph (1) of the New Act in the case where the gross revenue pertaining to the business income of an individual for 1980 includes revenue from overseas transactions involving technology, etc. prescribed in that paragraph, the phrase "28 percent of that revenue (for revenue from transactions listed in item (iii) of the following paragraph" in that paragraph is deemed to be replaced with "35 percent of that revenue within the period from January 1, 1980 to March 31, 1980 (10 percent for revenue from transactions listed in item (iii) of the following paragraph, and 20 percent for revenue from transactions listed in item (iv) of that paragraph) and an amount equivalent to 28 percent of that revenue within the period from April 1, 1980 to December 31, 1980 (for revenue from transactions listed in item (iii) of that paragraph", the phrase "the total of the amounts" with "the total of the amount and the amount", and the phrase "40 percent" with "50 percent".

With regard to the amount of net loss prescribed in Article 28-5, paragraph (1) of the Former Act incurred in 1978 or 1979 by a resident who falls under the category of certified small and medium sized enterprise prescribed in that paragraph, the provisions then in force continue to govern.

With regard to economic benefits in the case where a salary income earner, etc. prescribed in Article 29, paragraph (1) of the Former Act acquired by transfer, by December 31, 1980, housing, etc. prescribed in that paragraph held by an employer prescribed in that paragraph, for consideration at a low price on the basis of the earner's status as an employee, the provisions then in force continue to govern.

With regard to the collection and payment of income tax pursuant to the provisions of Article 183, paragraph (1) of the Income Tax Act on pensions prescribed in Article 29-3 of the Former Act which a resident is to receive by December 31, 1980, and to the salary income earner's return for deduction for Dependents, etc. prescribed in Article 194, paragraph (4) of that Act, the provisions then in force continue to govern.

①The provisions of Article 41, paragraph (1) and Article 41-2, paragraphs (1) and (2) of the New Act apply to income tax for 1981 and subsequent years in the case where a resident has, on or after January 1, 1981, used a house prescribed in Article 41, paragraph (1) of the New Act as the resident's residence in the manner prescribed in that paragraph, and with regard to income tax for 1980 and prior years in the case where a resident used a house prescribed in Article 41, paragraph (1) of the Former Act as the resident's residence on or before December 31, 1980 in the manner prescribed in that paragraph, the provisions then in force continue to govern.

②With regard to income tax for 1981 or 1982 of a resident who receives the application of the provisions of Article 41, paragraph (1) or Article 41-2, paragraphs (1) and (2) of the Former Act for income tax for 1979 or 1980, the provisions of Article 41, paragraph (1) and Article 41-2, paragraphs (1) and (2) of the Former Act govern, with the phrase "the amount of income tax" in Article 41, paragraph (1) of the Former Act deemed to be replaced with "for a year for which the total income amount under Article 2, paragraph (1), item (xxx) of the Income Tax Act for that year pertaining to income tax for that year (referred to as the "total income amount" in the following Article) is 8,000,000 yen or less, the amount of income tax for that year", the phrase "a statement to the effect that the resident seeks to receive" in Article 41-2, paragraph (1) of the Former Act deemed to be replaced with "a statement to the effect that the resident seeks to receive, the estimated amount of the total income amount for that year", and the phrase "must submit" in paragraph (2) of that Article deemed to be replaced with "must submit, and may not submit if, as of that date, the estimated amount of the total income amount of the resident for that year exceeds 8,000,000 yen".

With regard to income tax for 1980 and prior years pertaining to housing savings contracts prescribed in Article 41-3, paragraph (1) of the Former Act concluded by December 31, 1980, the provisions then in force continue to govern.

With regard to income tax pertaining to discount bonds prescribed in Article 41-12 of the Former Act which were issued by March 31, 1980, the provisions then in force continue to govern.

The provisions of Chapter III of the New Act apply to corporation tax for business years of a corporation (including an association or foundation without juridical personality prescribed in Article 2, item (viii) of the Corporation Tax Act (Act No. 34 of 1965); the same applies hereinafter) commencing on or after the Effective Date, except as otherwise provided, and with regard to corporation tax for business years of a corporation that commenced before the Effective Date, the provisions then in force continue to govern.