This Act comes into effect on April 1, 1981; provided, however, that the provisions set forth in the following items come into effect on the dates specified respectively in those items:

The 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 1981 and subsequent years, except as otherwise provided, and with regard to income tax for 1980 and prior years, the provisions then in force continue to govern.

①With regard to income tax in the case where an individual prescribed in Article 10-2, paragraph (1) of the Act on Special Measures Concerning Taxation prior to the amendment (hereinafter referred to as the "Former Act") put industrial conversion equipment, etc. prescribed in that paragraph of which the individual made an acquisition, etc. (meaning acquisition, manufacture or construction; the same applies in the following Article) before the Effective Date of this Act (hereinafter referred to as the "Effective Date") to use for the business prescribed in that paragraph, the provisions of Article 10-2 of the Former Act remain in force. In this case, the phrase "if there is an amount to be deducted, that amount" in paragraph (2) of that Article is deemed to be replaced with "if there is an amount to be deducted, or if there is an amount to be deducted from the amount of income tax on the amount of gross income for that year pursuant to the provisions of Article 10-2, paragraph (3) of the Act on Special Measures Concerning Taxation prior to the amendment by the Act Partially Amending the Act on Special Measures Concerning Taxation (Act No. 6 of 1984; hereinafter referred to as the "1984 Amendment Act"), which is to remain in force pursuant to the provisions of Article 3, paragraph (1) of the Supplementary Provisions of the 1984 Amendment Act, Article 10-2, paragraph (3) of the Act on Special Measures Concerning Taxation as amended by the 1984 Amendment Act, or Article 5, paragraph (1) of the Supplementary Provisions of the Act Partially Amending the Act on Special Measures Concerning Taxation (Act No. 15 of 1979; hereinafter referred to as the "1979 Amendment Act"), those amounts", and the phrase "Article 10-2, paragraph (1) of the Act on Special Measures Concerning Taxation" in paragraph (6) of that Article is deemed to be replaced with "Article 10-2, paragraph (1) of the Act on Special Measures Concerning Taxation prior to the amendment by the Act Partially Amending the Act on Special Measures Concerning Taxation (Act No. 13 of 1981; hereinafter referred to as the "1981 Amendment Act"), which is to remain in force pursuant to the provisions of Article 3, paragraph (1) of the Supplementary Provisions of the 1981 Amendment Act".

②With regard to the application of the provisions of Article 10-2 of the Act on Special Measures Concerning Taxation as amended by the Act Partially Amending the Act on Special Measures Concerning Taxation (Act No. 6 of 1984) (hereinafter referred to as the "Act on Special Measures Concerning Taxation as Amended in 1984") in the case where the provisions of the preceding paragraph apply, the phrase "if there is an amount to be deducted, that amount" in paragraph (4) of that Article is deemed to be replaced with "if there is an amount to be deducted, or if there is an amount to be deducted from the amount of income tax on the amount of gross income for that year pursuant to the provisions of Article 10-2, paragraph (2) of the Act on Special Measures Concerning Taxation prior to the amendment by the Act Partially Amending the Act on Special Measures Concerning Taxation (Act No. 13 of 1981; hereinafter referred to as the "1981 Amendment Act"), which is to remain in force pursuant to the provisions of Article 3, paragraph (1) of the Supplementary Provisions of the 1981 Amendment Act, those amounts".

①The provisions of Article 12 of the New Act apply where an individual puts industrial machinery, etc. prescribed in paragraph (1) of that Article of which the individual makes an acquisition, etc. on or after the Effective Date to use for the individual's business, and with regard to cases where an individual put industrial machinery, etc. prescribed in Article 12, paragraph (1) of the Former Act of which the individual made an acquisition, etc. before the Effective Date to use for the individual's business, the provisions then in force continue to govern.

②The provisions of Article 12-2, paragraph (2) of the New Act apply where an individual puts medical equipment prescribed in that paragraph which the individual acquires or manufactures on or after the Effective Date to use for the individual's business, and with regard to cases where an individual put medical equipment prescribed in Article 12-2, paragraph (2) of the Former Act which the individual acquired or manufactured before the Effective Date to use for the individual's business, the provisions then in force continue to govern.

③The provisions of Article 12-3, paragraph (1) of the New Act apply to machinery, etc. for business rationalization prescribed in that paragraph which is specified in a business rationalization plan prescribed in that paragraph for which a small and medium sized enterprise prescribed in that paragraph receives approval on or after the Effective Date, and with regard to machinery, etc. for business rationalization prescribed in Article 12-3, paragraph (1) of the Former Act which is specified in a business rationalization plan prescribed in that paragraph for which a small and medium sized enterprise prescribed in that paragraph received approval before the Effective Date, the provisions then in force continue to govern. In this case, with regard to the application of the provisions of Article 12-3, paragraph (1) of the New Act to machinery, etc. for business rationalization prescribed in that paragraph which is specified in a business rationalization plan prescribed in that paragraph for which a small and medium sized enterprise prescribed in that paragraph receives approval during the period from the Effective Date to March 31, 1982, the phrase "20 percent" in that paragraph is deemed to be replaced with "one-quarter", and the phrase "10 percent" with "one-eighth".

④The provisions of Article 13, paragraph (1) of the New Act (limited to the part pertaining to vehicles and transport equipment) apply to vehicles and transport equipment prescribed in that paragraph of which an individual makes an acquisition, etc. on or after the Effective Date.

⑤The provisions of Article 14, paragraph (1) of the New Act apply to rental housing prescribed in that paragraph which an individual acquires or newly constructs on or after the Effective Date, and with regard to rental housing prescribed in Article 14, paragraph (1) of the Former Act which an individual acquired or newly constructed before the Effective Date, the provisions then in force continue to govern.

①With regard to income tax for 1981 on business income arising from a sale in the case where an individual prescribed in Article 25, paragraph (1) of the Former Act, during the period from January 1, 1981 to December 31, 1981, sold beef cattle prescribed in that paragraph which the individual raised at a market referred to in that paragraph, or sold male dairy calves prescribed in that paragraph which the individual raised by entrusting the sale to an agricultural cooperative or a federation of agricultural cooperatives referred to in that paragraph, that individual may follow the provisions of that Article; provided, however, that this does not apply where the individual receives the application of the provisions of Article 25 of the New Act for income tax for that year.

②An individual who receives the application of the provisions of the main clause of the preceding paragraph must state that fact in the final return.

①The provisions of Article 41-9, paragraph (1) of the New Act apply to the extension of the due date for payment pursuant to the provisions of that paragraph pertaining to income tax of an individual for 1981 and subsequent years, and with regard to the extension of the due date for payment pursuant to the provisions of Article 41-9, paragraph (1) of the Former Act pertaining to income tax for 1980 and prior years, the provisions then in force continue to govern.

②The provisions of Article 41-10 of the New Act apply to income tax for which permission for payment in installments is granted pursuant to the provisions of paragraph (1) of that Article on or after the Effective Date, and with regard to income tax for which permission for payment in installments was granted pursuant to the provisions of Article 41-10, paragraph (1) of the Former Act before the Effective Date, the provisions then in force continue to govern.

③The provisions of Article 41-11 of the New Act apply to the extension of the due date for payment pursuant to the provisions of paragraph (1) of that Article pertaining to income tax of an individual for 1981 and subsequent years, and with regard to the extension of the due date for payment pursuant to the provisions of Article 41-11 of the Former Act pertaining to income tax for 1980 and prior years, 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.

The provisions of Article 42 of the New Act apply to corporation tax on income for business years of a domestic corporation prescribed in paragraph (1) of that Article ending on or after the Effective Date, and with regard to corporation tax on income for business years of that domestic corporation that ended before the Effective Date, the provisions then in force continue to govern.

①With regard to corporation tax in the case where a corporation prescribed in Article 42-4, paragraph (1) of the Former Act put industrial conversion equipment, etc. prescribed in that paragraph of which it made an acquisition, etc. (meaning acquisition, manufacture or construction; the same applies in the following Article) before the Effective Date to use for the business prescribed in that paragraph, the provisions of Article 42-4 of the Former Act remain in force. In this case, the phrase "and the preceding Article and Article 67 of the Corporation Tax Act" in that paragraph is deemed to be replaced with ", Article 42-4, paragraphs (2) and (3) of the Act on Special Measures Concerning Taxation prior to the amendment by the 1984 Amendment Act, which is to remain in force pursuant to the provisions of Article 10, paragraph (1) of the Supplementary Provisions of the 1984 Amendment Act, Article 42-4, Article 42-5, paragraphs (2) and (3), and Article 42-6, paragraphs (2) through (4) and (6) of the Act on Special Measures Concerning Taxation as amended by the 1984 Amendment Act, and Article 67 of the Corporation Tax Act"; the phrase "if there is an amount to be deducted, that amount" in paragraph (3) of that Article is deemed to be replaced with "if there is an amount to be deducted, or if there is an amount to be deducted from the amount of corporation tax on income for that business year pursuant to the provisions of Article 42-4, paragraph (2) of the Act on Special Measures Concerning Taxation prior to the amendment by the 1984 Amendment Act, which is to remain in force pursuant to the provisions of Article 10, paragraph (1) of the Supplementary Provisions of the 1984 Amendment Act, Article 42-5, paragraph (2) of the Act on Special Measures Concerning Taxation as amended by the 1984 Amendment Act, or Article 21, paragraph (1) of the Supplementary Provisions of the 1979 Amendment Act, those amounts"; and in paragraph (7) of that Article, the phrase "or Article 42-4 of the Act on Special Measures Concerning Taxation" is deemed to be replaced with "or Article 42-4 of the Act on Special Measures Concerning Taxation prior to the amendment by the Act Partially Amending the Act on Special Measures Concerning Taxation (Act No. 13 of 1981; hereinafter referred to as the "1981 Amendment Act"), which is to remain in force pursuant to the provisions of Article 10, paragraph (1) of the Supplementary Provisions of the 1981 Amendment Act", and the phrase "and Article 42-4 of the Act on Special Measures Concerning Taxation" with "and Article 42-4 of the Act on Special Measures Concerning Taxation prior to the amendment by the 1981 Amendment Act, which is to remain in force pursuant to the provisions of Article 10, paragraph (1) of the Supplementary Provisions of the 1981 Amendment Act".

②With regard to the application of the provisions of Articles 42-4 through 42-6 of the Act on Special Measures Concerning Taxation as Amended in 1984 in the case where the provisions of the preceding paragraph apply, the phrase "and Article 42-6, paragraphs (2) through (4) and (6)" in Article 42-4, paragraph (1) of the Act on Special Measures Concerning Taxation as Amended in 1984 is deemed to be replaced with ", Article 42-6, paragraphs (2) through (4) and (6), and Article 42-4 of the Act on Special Measures Concerning Taxation prior to the amendment by the 1981 Amendment Act, which is to remain in force pursuant to the provisions of Article 10, paragraph (1) of the Supplementary Provisions of the 1981 Amendment Act (hereinafter referred to as "Article 42-4 of the 1981 Former Act" in this Section)"; the phrase "and paragraphs (2) through (4) and (6) of the following Article" in Article 42-5, paragraph (2) of the Act on Special Measures Concerning Taxation as Amended in 1984 is deemed to be replaced with ", paragraphs (2) through (4) and (6) of the following Article, and Article 42-4 of the 1981 Former Act"; the phrase "if there is an amount to be deducted, that amount" in paragraph (3) of that Article is deemed to be replaced with "if there is an amount to be deducted, or if there is an amount to be deducted from the amount of corporation tax on income for that business year pursuant to the provisions of Article 42-4, paragraph (3) of the 1981 Former Act, those amounts"; and the phrase "and paragraphs (2) and (3) of the preceding Article" in Article 42-6, paragraph (2) of the Act on Special Measures Concerning Taxation as Amended in 1984 is deemed to be replaced with ", paragraphs (2) and (3) of the preceding Article, and Article 42-4 of the 1981 Former Act".

①The provisions of Article 45 of the New Act apply where a corporation puts industrial machinery, etc. prescribed in paragraph (1) of that Article of which it makes an acquisition, etc. on or after the Effective Date to use for its business, and with regard to cases where a corporation put industrial machinery, etc. prescribed in Article 45, paragraph (1) of the Former Act of which it made an acquisition, etc. before the Effective Date to use for its business, the provisions then in force continue to govern.

②The provisions of Article 45-2, paragraph (3) of the New Act apply where a corporation puts medical equipment prescribed in that paragraph which it acquires or manufactures on or after the Effective Date to use for its business, and with regard to cases where a corporation put medical equipment prescribed in Article 45-2, paragraph (3) of the Former Act which it acquired or manufactured before the Effective Date to use for its business, the provisions then in force continue to govern.

③The provisions of Article 45-3, paragraph (1) of the New Act apply to machinery, etc. for business rationalization prescribed in that paragraph which is specified in a business rationalization plan prescribed in that paragraph for which a small and medium sized enterprise prescribed in that paragraph receives approval on or after the Effective Date, and with regard to machinery, etc. for business rationalization prescribed in Article 45-3, paragraph (1) of the Former Act which is specified in a business rationalization plan prescribed in that paragraph for which a small and medium sized enterprise prescribed in that paragraph received approval before the Effective Date, the provisions then in force continue to govern. In this case, with regard to the application of the provisions of Article 45-3, paragraph (1) of the New Act to machinery, etc. for business rationalization prescribed in that paragraph which is specified in a business rationalization plan prescribed in that paragraph for which a small and medium sized enterprise prescribed in that paragraph receives approval during the period from the Effective Date to March 31, 1982, the phrase "20 percent" in that paragraph is deemed to be replaced with "one-quarter", and the phrase "10 percent" with "one-eighth".

④The provisions of Article 46, paragraph (1) of the New Act (limited to the part concerning vehicles and transport equipment) apply to vehicles and transport equipment prescribed in that paragraph for which a corporation makes an acquisition, etc. on or after the Effective Date.

⑤The provisions of Article 47, paragraph (1) of the New Act apply to rental housing prescribed in that paragraph that a corporation acquires or newly builds on or after the Effective Date, and the provisions then in force continue to govern rental housing prescribed in Article 47, paragraph (1) of the Former Act that a corporation acquired or newly built before the Effective Date.

⑥The provisions of Article 48, paragraph (1) of the New Act apply to the calculation of the depreciation limit for oil storage facilities prescribed in that paragraph that a corporation acquires or constructs on or after the Effective Date, and of the depreciation limit, for business years ending on or after the date on which the Act Partially Amending the Oil Stockpiling Act comes into effect, for petroleum gas storage facilities prescribed in that paragraph that a corporation holds on that date and of the depreciation limit for those petroleum gas storage facilities that it acquires or constructs after that date, and the provisions then in force continue to govern the calculation of the depreciation limit for oil storage facilities prescribed in Article 48, paragraph (1) of the Former Act that a corporation acquired or constructed before the Effective Date.

With regard to the application of the provisions of Article 56-7 of the New Act for each business year beginning during the period from the Effective Date to March 31, 1982 of a corporation prescribed in Article 56-7, paragraph (1) of the New Act that holds the reserve for planned afforestation under Article 56-7, paragraph (1) of the Former Act at the end of the business year immediately preceding the first business year beginning on or after the Effective Date, the phrase "288,000 yen" in paragraph (1), item (ii) of that Article is deemed to be replaced with "312,000 yen".

①The provisions of Article 63, paragraph (6), item (ii) of the New Act apply to the calculation of the amount of corporation tax in the case where a corporation receives the application of the provisions of Article 42-3 or Article 42-4 of the New Act in a business year ending on or after the Effective Date.

②With regard to the application of the provisions of Article 63 of the New Act in the case where the provisions of Article 10, paragraph (1) of the Supplementary Provisions apply, paragraph (6), item (ii) of that Article is deemed to continue as follows: ", and, with regard to the application of the provisions of Article 42-4 of the Act on Special Measures Concerning Taxation prior to the amendment by the 1981 Amendment Act, which remains in force pursuant to the provisions of Article 10, paragraph (1) of the Supplementary Provisions of the 1981 Amendment Act, the phrase 'and the preceding Article' in paragraph (1) of that Article is deemed to be replaced with ', the preceding Article and Article 63'."

③The provisions of Articles 65-5 and 65-7 of the New Act apply to corporation tax on the transfer of assets falling under those provisions that a corporation makes on or after January 1, 1981, and the provisions then in force continue to govern corporation tax on the transfer of assets falling under the provisions of Articles 65-5 and 65-7 of the Former Act that a corporation made before that date.

④The provisions of Article 65-10 of the New Act apply to corporation tax on the transfer of assets falling under the provisions of that Article that a corporation makes on or after the date on which the Farming and Residence Association Act comes into effect.

The provisions of Article 67-2 of the New Act apply to corporation tax on income for business years ending on or after the Effective Date of a medical care corporation prescribed in paragraph (1) of that Article, and the provisions then in force continue to govern corporation tax on income for business years that ended before the Effective Date of a medical care corporation prescribed in Article 67-2, paragraph (1) of the Former Act.

With regard to corporation tax in the case where an agricultural production corporation prescribed in Article 67-3, paragraph (1) of the Former Act sold, before the Effective Date, beef cattle prescribed in that paragraph that it had raised at the market referred to in that paragraph, or sold dairy bull calves prescribed in that paragraph that it had raised by entrusting them to the agricultural cooperative or federation of agricultural cooperatives referred to in that paragraph, the provisions then in force continue to govern.

①The provisions of Articles 72 and 73 of the New Act apply to registration and license tax on the registration of preservation of ownership or registration of transfer of ownership of a house prescribed in those provisions that is newly built or acquired on or after the Effective Date, and the provisions then in force continue to govern registration and license tax on those registrations for a house prescribed in Article 72 or 73 of the Former Act that was newly built or acquired before the Effective Date.

②The provisions of Article 74-2 of the New Act apply to registration and license tax on the registration of transfer of ownership of existing housing prescribed in paragraph (1) of that Article that is acquired on or after the Effective Date or on the registration of the creation of a mortgage on that existing housing, and the provisions then in force continue to govern registration and license tax on the registration of transfer of ownership of existing housing prescribed in Article 74-2, paragraph (1) of the Former Act that was acquired before the Effective Date or on the registration of the creation of a mortgage on that existing housing.

③The provisions of Article 74-3 of the New Act apply to registration and license tax on the registration of preservation of ownership of a house prescribed in that Article that is newly built on or after the Effective Date, and the provisions then in force continue to govern registration and license tax on the registration of preservation of ownership of a house prescribed in Article 74-3 of the Former Act that was newly built before the Effective Date.

④The provisions of Article 77-2 of the New Act apply to registration and license tax on the registration of the transfer or creation of ownership, superficies rights, farming rights or rights of lease to land in the case where an agricultural production corporation prescribed in that Article receives, on or after the Effective Date, a capital contribution prescribed in that Article and uses the land referred to in that Article for its cultivation or livestock raising, and the provisions then in force continue to govern registration and license tax on those registrations for land in the case where an agricultural production corporation prescribed in Article 77-2 of the Former Act received, before the Effective Date, a capital contribution prescribed in that Article and used the land referred to in that Article for its cultivation or livestock raising.

⑤With regard to registration and license tax on the registration of transfer of ownership of agricultural land, etc. or quasi-agricultural land prescribed in the provisions of Article 77-4, paragraph (1) or (2) of the Former Act that was acquired through consultation, conciliation or mediation prescribed in paragraph (1) of that Article, or through exchange and consolidation prescribed in paragraph (2) of that Article, conducted before the Effective Date, the provisions then in force continue to govern.

⑥With regard to registration and license tax on the registration of the creation of a mortgage received to secure a claim prescribed in Article 77-6 of the Former Act arising from a loan made before the Effective Date to a person engaged in agriculture, forestry or fisheries prescribed in that Article, the provisions then in force continue to govern.

⑦The provisions of Article 78-2 of the New Act apply to registration and license tax on the registration of the transfer or creation of ownership, superficies rights, farming rights or rights of lease to the land referred to in that Article for which a production forestry cooperative or agricultural production corporation prescribed in that Article receives a capital contribution prescribed in that Article on or after the Effective Date, and the provisions then in force continue to govern registration and license tax on those registrations for the land referred to in Article 78-2 of the Former Act for which a production forestry cooperative or agricultural production corporation prescribed in that Article received a capital contribution prescribed in that Article before the Effective Date.

①With regard to commodity tax on goods prescribed in Article 88-3 of the Former Act that was imposed, or should have been imposed, before May 1, 1981, except as otherwise provided for in the following paragraph through paragraph (4), the provisions then in force continue to govern.

②Among goods prescribed in Article 88-3 of the Former Act, for those that were shipped out of the manufacturing site where they were manufactured before May 1, 1981 and that relate to a notification or approval under Article 17, paragraph (3) of the Commodity Tax Act (Act No. 48 of 1962) (including as applied mutatis mutandis pursuant to Article 19, paragraph (3), Article 22, paragraph (3) and Article 26, paragraph (3) of that Act) or Article 88-2, paragraph (3) of the Act on Special Measures Concerning Taxation (limited to those for which the time limit relating to that notification or approval falls on or after that date), if the documents prescribed in those provisions were not submitted by that time limit, the tax rate of commodity tax on those goods is the tax rate prescribed in Article 88-3 of the New Act.

④Among goods prescribed in Article 88-3 of the Former Act, for those listed in the following items that were purchased or withdrawn before May 1, 1981, if, on or after that date, they have come to fall under the provisions of the Acts specified in the respective items, the tax rate of commodity tax on those goods is the tax rate prescribed in Article 88-3 of the New Act:

⑤Where, on May 1, 1981, there is a manufacturer or seller of goods prescribed in Article 88-3 of the New Act who possesses those goods for sale at a place other than the manufacturing site where they were manufactured and a bonded area, if their quantity (or, where they are possessed at two or more places, their total quantity) is 10 or more, commodity tax is imposed on those goods at a tax rate of 2.5 percent, by deeming that person to have shipped out those goods, as their manufacturer, from the manufacturing site where they were manufactured on that date.

⑥With regard to the amount of commodity tax under the preceding paragraph, the district director is to aggregate the amounts of commodity tax on goods falling under the provisions of that paragraph that are at storage places located within the area under the district director's jurisdiction, and collect the commodity tax in that aggregated amount in equal installments in each month from June to October 1981, with the last day of each month as the due date for payment.

⑦A person prescribed in paragraph (5) must submit, for each storage place of the goods in that person's possession that fall under the provisions of that paragraph, a return stating the names of those goods, the quantity and value for each name, and other matters specified by Cabinet Order, to the district director having jurisdiction over the location of that storage place, within one month from May 1, 1981.

⑧In the case where goods prescribed in paragraph (5) on which commodity tax under that paragraph has been, or should be, collected are returned to the manufacturing site where those goods were manufactured (including the case where they have been discarded as referred to in Article 28, paragraph (3) of the Commodity Tax Act), if the manufacturer of those goods (meaning the person who would be the manufacturer if the provisions of paragraph (5) were deemed not to apply) has, as provided for by Cabinet Order, obtained confirmation from the district director having jurisdiction over the location of that manufacturing site that those goods are goods on which that commodity tax has been, or should be, collected, an amount equivalent to that amount of commodity tax is, in accordance with the provisions of that Article, deducted from the amount of commodity tax relating to that person, or refunded to that person, together with the deduction or refund of the amount equivalent to the amount of commodity tax that the person has paid, or should pay, on those goods.

⑨With regard to the application of penal provisions to acts committed before May 1, 1981 and to acts committed on or after that date relating to commodity tax for which the provisions then in force are to continue to govern pursuant to the provisions of paragraph (1), the provisions then in force continue to govern.

①The provisions of Article 5 of the Supplementary Provisions of the Act Partially Amending the Act on Special Measures Concerning Taxation as amended by the preceding Article (referred to as the "1979 Amendment Act as Amended" in the following paragraph) apply to income tax in the case where an individual receives the application of the provisions of paragraph (1) of that Article on or after the Effective Date, and the provisions then in force continue to govern income tax in the case where an individual received the application of the provisions of that paragraph before the Effective Date.

②The provisions of Article 21 of the Supplementary Provisions of the 1979 Amendment Act as Amended apply to corporation tax in the case where a corporation receives the application of the provisions of paragraph (1) of that Article on or after the Effective Date, and the provisions then in force continue to govern corporation tax in the case where a corporation received the application of the provisions of that paragraph before the Effective Date.