①The provisions of Article 55 of the New Act on Special Measures Concerning Taxation apply to specified shares, etc. prescribed in paragraph (1) of that Article that a corporation acquires on or after the Effective Date, and, except in the case provided for in the following paragraph, the provisions then in force continue to govern specified shares, etc. prescribed in Article 55, paragraph (1) of the Former Act on Special Measures Concerning Taxation that a corporation acquired before the Effective Date.

②In the case where a corporation acquired specified shares, etc. prescribed in Article 55, paragraph (1) of the Former Act on Special Measures Concerning Taxation before the Effective Date, if the corporation comes to fall under any of the cases listed in the items of Article 55, paragraph (4) of the New Act on Special Measures Concerning Taxation on or after the Effective Date, the case is governed by the provisions of that paragraph.

③The provisions of Article 55-3, paragraph (1) of the New Act on Special Measures Concerning Taxation apply to specified shares, etc. prescribed in that paragraph that a corporation acquires on or after the date on which the Act Partially Amending the Act on Special Measures for the Promotion and Development of Okinawa (Act No. 21 of 1998) comes into effect.

④The provisions of Article 55-4, paragraph (1) of the New Act on Special Measures Concerning Taxation apply to specified shares prescribed in that paragraph that a corporation acquires on or after the Effective Date, and the provisions then in force continue to govern specified shares prescribed in Article 55-4, paragraph (1) of the Former Act on Special Measures Concerning Taxation that a corporation acquired before the Effective Date.

⑤The provisions of Article 55-7, paragraph (1) of the New Act on Special Measures Concerning Taxation (limited to the part pertaining to item (ii) of the table in that paragraph) apply to corporation tax of a corporation for business years ending on or after June 17, 1998.

The provisions of Article 58 of the New Act on Special Measures Concerning Taxation apply to corporation tax for business years of a corporation ending on or after the Effective Date, and with regard to corporation tax for business years of a corporation that ended before the Effective Date, the provisions then in force continue to govern. In this case, with regard to the application of the provisions of paragraph (1) of that Article in a business year of a corporation that began before the Effective Date and ends on or after the Effective Date, the phrase "6 percent of that revenue (for revenue from the transactions listed in item (ii) of the following paragraph" in that paragraph is deemed to be replaced with "7 percent of that revenue within the period from the first day of that business year to March 31, 1998 (for revenue from the transactions listed in item (ii) of the following paragraph, 12 percent) and the amount equivalent to 6 percent of that revenue within the period from April 1 of that year to the end of the business year (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".

The provisions of Article 62-2 of the Former Act on Special Measures Concerning Taxation do not apply to newly acquired land, etc. prescribed in paragraph (1) of that Article that a corporation acquired on or after January 1, 1998, and remain in force even after this Act comes into effect with respect to that newly acquired land, etc. that a corporation acquired before that date. In this case, with regard to the application of the provisions of that Article, the phrase "the same applies) amount" in paragraph (1) of that Article is deemed to be replaced with "the same applies) amount (excluding the amount not included in deductible expenses pursuant to the provisions of Article 66-5, paragraph (1) (including as applied mutatis mutandis pursuant to paragraph (7) of that Article); the same applies hereinafter in this Article)", and the phrase "that date)" in paragraph (3), item (ii) of that Article with "that date) or December 31, 1997, whichever is earlier".

①The provisions of Article 62-3, paragraph (13) of the New Act on Special Measures Concerning Taxation do not apply to a transfer, etc. of land made on or after January 1, 1998 in the business year that includes that date by a corporation that, in that business year, made a transfer, etc. of land prescribed in paragraph (1) of that Article (excluding a transfer, etc. of land held for a short term prescribed in the following paragraph and a transfer, etc. of land held for a super-short period prescribed in paragraph (3); hereinafter referred to as a "transfer, etc. of land" in this paragraph) before that date and also made a transfer, etc. of land on or after that date (limited to a corporation for which the total of the amount of capital gain (meaning the amount of capital gain prescribed in paragraph (2), item (ii) of that Article; the same applies hereinafter in this paragraph) pertaining to the transfers, etc. of land made before that date in that business year exceeds the total of the amount of capital gain pertaining to the transfers, etc. of land made in that business year).

②The provisions of Article 63, paragraph (7) of the New Act on Special Measures Concerning Taxation do not apply to a transfer, etc. of land held for a short term made on or after January 1, 1998 in the business year that includes that date by a corporation that, in that business year, made a transfer, etc. of land held for a short term prescribed in paragraph (1) of that Article (excluding a transfer, etc. of land held for a super-short period prescribed in the following paragraph; hereinafter referred to as a "transfer, etc. of land held for a short term" in this paragraph) before that date and also made a transfer, etc. of land held for a short term on or after that date (limited to a corporation for which the total of the amount of capital gain (meaning the amount of capital gain prescribed in paragraph (2), item (ii) of that Article; the same applies hereinafter in this paragraph) pertaining to the transfers, etc. of land held for a short term made before that date in that business year exceeds the total of the amount of capital gain pertaining to the transfers, etc. of land held for a short term made in that business year).

③The provisions of Article 63-2 of the Former Act on Special Measures Concerning Taxation do not apply to a transfer, etc. of land held for a super-short period prescribed in paragraph (1) of that Article (hereinafter referred to as a "transfer, etc. of land held for a super-short period" in this Article) that a corporation made during the period from January 1, 1998 to the day before the Effective Date (excluding one to which the provisions of the following paragraph apply), and the provisions then in force continue to govern a transfer, etc. of land held for a super-short period that a corporation made before January 1, 1998.

④With regard to a transfer, etc. of land held for a super-short period made on or after January 1, 1998 in the business year that includes that date by a corporation that, in that business year, made a transfer, etc. of land held for a super-short period (hereinafter referred to as an "earlier transfer, etc." in this paragraph) before that date and also made a transfer, etc. of land held for a super-short period on or after that date (limited to a corporation for which the total of the amount of capital gain (meaning the amount of capital gain prescribed in Article 63-2, paragraph (2), item (ii) of the Former Act on Special Measures Concerning Taxation) pertaining to the earlier transfers, etc. exceeds the total of the amount of capital gain pertaining to the transfers, etc. of land held for a super-short period made in that business year), the provisions of that Article remain in force even after this Act comes into effect.

⑤Necessary matters concerning the application of the provisions of Article 62-3, paragraph (8) or paragraph (9) of the New Act on Special Measures Concerning Taxation (including as applied mutatis mutandis pursuant to Article 63, paragraph (4) of the New Act on Special Measures Concerning Taxation or Article 63-2, paragraph (4) of the Former Act on Special Measures Concerning Taxation, which remains in force pursuant to the provisions of the preceding paragraph) with respect to a transfer, etc. of land, a transfer, etc. of land held for a short term or a transfer, etc. of land held for a super-short period prescribed in paragraph (1), paragraph (2) or the preceding paragraph that a corporation referred to in any of those paragraphs made on or after January 1, 1998 in a business year for which it was subject to those provisions are specified by Cabinet Order.

①The provisions of Article 65, paragraph (1) of the New Act on Special Measures Concerning Taxation apply to assets that a corporation acquires through a replotting disposition, etc. prescribed in that paragraph on or after the date on which the Act on the Integrated Promotion of the Improvement and Development of Urban Areas and the Revitalization of Commerce, etc. in City Centers comes into effect.

②The provisions of Article 65-4, paragraph (1), items (ix), (xi) and (xx) of the New Act on Special Measures Concerning Taxation apply to a transfer of land, etc. prescribed in that paragraph made by a corporation on or after the date on which the Act on the Integrated Promotion of the Improvement and Development of Urban Areas and the Revitalization of Commerce, etc. in City Centers comes into effect.

③The provisions of Articles 65-7 through 65-9 of the New Act on Special Measures Concerning Taxation apply to assets listed in the right-hand column of the table in Article 65-7, paragraph (1) of the New Act on Special Measures Concerning Taxation in the case where a corporation makes, on or after January 1, 1998, a transfer of assets listed in the left-hand column of that table and acquires those assets on or after that date, and to the special account referred to in Article 65-8, paragraph (1) of the New Act on Special Measures Concerning Taxation pertaining to those assets, and the provisions then in force continue to govern assets listed in the right-hand column of that table that were acquired before that date or assets listed in that column that are acquired on or after that date in the case where a corporation made a transfer of assets listed in the left-hand column of the table in Article 65-7, paragraph (1) of the Former Act on Special Measures Concerning Taxation before that date, and the special account referred to in Article 65-8, paragraph (1) of the Former Act on Special Measures Concerning Taxation pertaining to those assets, as well as assets listed in the right-hand column of that table that were acquired before that date in the case where a corporation makes a transfer of assets listed in the left-hand column of the table in Article 65-7, paragraph (1) of the New Act on Special Measures Concerning Taxation on or after that date.

④Land, etc. pertaining to a transfer, etc. of land held for a short term prescribed in Article 63, paragraph (1) of the New Act on Special Measures Concerning Taxation that was subject to the provisions of that paragraph pursuant to the provisions of paragraph (2) of the preceding Article is deemed, with regard to the application of the provisions of Articles 65-7 through 65-9 of the New Act on Special Measures Concerning Taxation, not to fall under land, etc. to which the provisions of Article 63, paragraph (1) of the New Act on Special Measures Concerning Taxation apply as prescribed in Article 65-7, paragraph (1), Article 65-8, paragraph (1) and Article 65-9 of the New Act on Special Measures Concerning Taxation.

The provisions of Article 66-6 of the New Act on Special Measures Concerning Taxation apply to the amount of applicable retained income prescribed in paragraph (1) of that Article of a foreign corporation that falls under a specified foreign subsidiary, etc. prescribed in that paragraph as of the end of its business year ending on or after the Effective Date, and the provisions then in force continue to govern the amount of applicable retained income prescribed in Article 66-6, paragraph (1) of the Former Act on Special Measures Concerning Taxation of a foreign corporation that fell under a specified foreign subsidiary, etc. prescribed in that paragraph as of the end of its business year that ended before the Effective Date.

With regard to interest received by a foreign corporation prescribed in Article 67-10, paragraph (1) of the Former Act on Special Measures Concerning Taxation on deposits or loans prescribed in that paragraph that it deposited with or lent to an authorized foreign exchange bank prescribed in that paragraph before the Effective Date, the provisions then in force continue to govern.

The provisions of Articles 67-10 through 67-12 of the New Act on Special Measures Concerning Taxation apply to corporation tax pertaining to the delivery, merger and transfer prescribed in those provisions that are carried out on or after the date on which the Act on Special Provisions, etc. for Merger Procedures Concerning Banks, etc. for the Establishment of Bank Holding Companies (Act No. 121 of 1997) comes into effect.

The provisions of Article 71 of the New Act on Special Measures Concerning Taxation apply to land value tax on land, etc. prescribed in Article 2, item (i) of the Land-holding Tax Act (Act No. 69 of 1991) held by an individual or corporation as of the taxation date of each year from 1998 onward, and the provisions then in force continue to govern land value tax on land, etc. held by an individual or corporation as of the taxation date of each year up to 1997.

①The provisions of Article 76, paragraph (1) of the New Act on Special Measures Concerning Taxation apply to registration and license tax on the registration of transfer of ownership of land sold by the State as prescribed in that paragraph on or after the Effective Date, and the provisions then in force continue to govern registration and license tax on the registration of transfer of ownership of land sold by the State as prescribed in Article 76, paragraph (1) of the Former Act on Special Measures Concerning Taxation before the Effective Date.

②The provisions of Article 84, paragraph (2) of the New Act on Special Measures Concerning Taxation apply to registration and license tax on the registration of transfer of ownership of land or buildings prescribed in that paragraph, or the registration of transfer of a superficies right on that land, that Central Japan Railway Company obtains on or after the Effective Date, and the provisions then in force continue to govern registration and license tax on the registration of transfer of ownership of land or buildings prescribed in Article 84, paragraph (2) of the Former Act on Special Measures Concerning Taxation, or the registration of transfer of a superficies right on that land, that a passenger railway company prescribed in that paragraph obtained before the Effective Date.

The provisions of Article 91-2 of the New Act on Special Measures Concerning Taxation apply to promissory notes listed in item (iii) of Appended Table 1 of the Stamp Tax Act (Act No. 23 of 1967) that are prepared on or after the Effective Date.

The provisions of Article 22, paragraph (3) of the Supplementary Provisions of the Act Partially Amending the Act on Special Measures Concerning Taxation as amended by the provisions of the preceding Article apply to registration and license tax on the registration of transfer of ownership of land or buildings prescribed in Article 78-3, paragraph (1) of the New Act on Special Measures Concerning Taxation that a small and medium sized enterprise that is a member or affiliated member prescribed in that paragraph acquires from a business cooperative, etc. prescribed in that paragraph on or after the Effective Date, and the provisions then in force continue to govern registration and license tax on a registration of transfer of ownership carried out before the Effective Date for land or buildings prescribed in Article 78-3, paragraph (1) of the Former Act on Special Measures Concerning Taxation that a small and medium sized enterprise that is a member or affiliated member prescribed in that paragraph acquired from a business cooperative, etc. prescribed in that paragraph.