With regard to the application of the provisions of Article 20 of the New Act concerning income tax for tax year 1989, the phrase "amount calculated by dividing" in paragraph (1) of that Article is deemed to be replaced with "amount calculated by dividing (for 1989 (meaning the period from January 1, 1989 to December 31, 1989), the amount obtained by adding, to the total of the amount equivalent to 10.4/1,000 of the amount calculated by multiplying the revenue from the transactions listed in item (i) of the following paragraph by the number of months in the period during which the individual engaged in business during the period from January 1, 1989 to March 31, 1989 (referred to as the "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 engaged in business in 1988, and the amount equivalent to 10/1,000 of the amount obtained by multiplying by 90 percent (93 percent where the ratio of the total amount of consideration for import transactions of goods in 1989 to the total amount of consideration for import transactions of goods in 1988 is 110 percent or more and less than 120 percent, 95 percent where that ratio is 120 percent or more and less than 130 percent, and 98 percent where that ratio is 130 percent or more; the same applies hereinafter in this paragraph) the amount calculated by multiplying the revenue from those transactions by the number of months obtained by deducting the number of months in the period for the former reserve rate from the number of months in the period during which the individual engaged in business in 1989 (meaning the period from January 1, 1989 to December 31, 1989; the same applies hereinafter in this paragraph) and dividing the result by the number of months in the period during which the individual engaged in business in 1988, the total of the amount equivalent to 14.1/1,000 of the amount calculated by multiplying the revenue from the transactions listed in items (ii) through (viii) of the following paragraph by the number of months in the period for the former reserve rate and dividing the result by the number of months in the period during which the individual engaged in business in 1988, and the amount equivalent to 13/1,000 of the amount obtained by multiplying by 90 percent the amount calculated by multiplying the revenue from those transactions by the number of months obtained by deducting the number of months in the period for the former reserve rate from the number of months in the period during which the individual engaged in business in 1989 and dividing the result by the number of months in the period during which the individual engaged in business in 1988)".

With regard to the application of the provisions of Article 21, paragraph (1) of the New Act to income tax for tax year 1989, the phrase "22 percent of that revenue (for revenue from the transactions listed in item (iii) of the following paragraph" in that paragraph is deemed to be replaced with "25 percent of that revenue within the period from January 1, 1989 to March 31, 1989 (for revenue from the transactions listed in item (iii) of the following paragraph, 16 percent) and the amount equivalent to 22 percent of that revenue within the period from April 1, 1989 to December 31, 1989 (for revenue from the transactions listed in that item", and the phrase "the total of the amounts equivalent to" is deemed to be replaced with "the total of the amount equivalent to".

Unless otherwise provided, 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) beginning on or after the Effective Date, and with regard to corporation tax for business years of a corporation that began before the Effective Date, the provisions then in force continue to govern.

①The provisions of Article 42-7 of the New Act (excluding item (iv) of the table in paragraph (1)) apply to business base strengthening equipment prescribed in paragraph (1) of that Article that a corporation acquires or manufactures, or leases, on or after the Effective Date and puts to use for its business, and with regard to cases where a corporation has put to use for its business business base strengthening equipment prescribed in Article 42-7, paragraph (1) of the Former Act that it acquired or manufactured, or leased, before the Effective Date, the provisions then in force continue to govern.

②The provisions of item (iv) of the table in Article 42-7, paragraph (1) of the New Act apply to business base strengthening equipment prescribed in that paragraph that a corporation acquires or manufactures, or leases, on or after the date on which the Act on Temporary Measures for Improving the Management of Specified Agricultural Product Processing Businesses comes into effect and puts to use for its business.