Unless otherwise provided, the provisions of Chapter III of the New Act on Special Measures Concerning Taxation apply to corporation tax for business years, beginning on or after the Effective Date, of a corporation (including an association or foundation without juridical personality prescribed in Article 2, item (viii) of the Corporation Tax Act; the same applies hereinafter) and corporation tax for consolidated business years, beginning on or after the Effective Date, of a consolidated parent corporation or a consolidated subsidiary corporation having a consolidated full controlling interest with that consolidated parent corporation, and the provisions then in force continue to govern corporation tax for business years of a corporation that began before the Effective Date and corporation tax for consolidated business years of a consolidated parent corporation or a consolidated subsidiary corporation having a consolidated full controlling interest with that consolidated parent corporation that began before the Effective Date.

With regard to a contract for the lease of equipment, etc. for promoting reform of the energy supply and demand structure prescribed in Article 42-5, paragraph (1) of the Former Act on Special Measures Concerning Taxation that a corporation concluded before April 1, 2008, the provisions then in force continue to govern.

With regard to a contract for the lease of depreciable assets listed in the items of Article 42-6, paragraph (1) of the Former Act on Special Measures Concerning Taxation that a corporation concluded before April 1, 2008, the provisions then in force continue to govern.

①The provisions of Article 42-7 of the New Act on Special Measures Concerning Taxation (limited to the part pertaining to paragraph (1), item (iii)) apply to tools, furniture and fixtures specified in that item that a corporation acquires or manufactures, or leases, on or after the Effective Date, and with regard to tools, furniture and fixtures specified in Article 42-7, paragraph (1), item (iii) of the Former Act on Special Measures Concerning Taxation that a corporation acquired or manufactured, or leased, before the Effective Date, the provisions then in force continue to govern.

②The provisions of Article 42-7 of the New Act on Special Measures Concerning Taxation (limited to the part pertaining to a large corporation prescribed in paragraph (1), item (iv) of that Article (hereinafter referred to as a "large corporation subject to the new Act" in this paragraph)) apply to machinery and equipment and tools, furniture and fixtures specified in that item that a large corporation subject to the new Act acquires or manufactures, or leases, on or after the Effective Date, and with regard to machinery and equipment and tools, furniture and fixtures specified in Article 42-7, paragraph (1), item (iv) of the Former Act on Special Measures Concerning Taxation that a large corporation prescribed in that item acquired or manufactured, or leased, before the Effective Date, the provisions then in force continue to govern.

③With regard to the application of the provisions of Article 42-7, paragraph (3) of the New Act on Special Measures Concerning Taxation in the case where a large corporation subject to the new Act prescribed in the preceding paragraph leases assets as prescribed in that paragraph under a contract that it concludes during the period from the Effective Date to March 31, 2008, the phrase "a specified small and medium sized enterprise, etc." in that paragraph is deemed to be replaced with "a specified small and medium sized enterprise, etc. (for a corporation listed in paragraph (1), item (iv), excluding a large corporation prescribed in that item)", and the phrase "amount (for assets specified in paragraph (1), item (iv) that a large corporation prescribed in that item has leased, the amount calculated by multiplying the calculated amount by the ratio specified by Cabinet Order)" is deemed to be replaced with "amount".

④With regard to machinery and equipment specified in Article 42-7, paragraph (1), items (v) and (viii) of the Former Act on Special Measures Concerning Taxation that a corporation acquired or manufactured, or leased, before the Effective Date, the provisions then in force continue to govern.

⑤The provisions of Article 42-7 of the New Act on Special Measures Concerning Taxation (limited to the part pertaining to paragraph (1), item (vii)) apply to machinery and equipment specified in item (vii) of that paragraph that a corporation acquires or manufactures, or leases, on or after the date specified in Article 1, item (xi) of the Supplementary Provisions.

⑥The provisions of Article 42-7 of the New Act on Special Measures Concerning Taxation (limited to the part pertaining to paragraph (6)) apply to a contract pertaining to a lease transaction without transfer of ownership prescribed in that paragraph that a corporation concludes on or after April 1, 2008, and with regard to a contract for the lease of business base strengthening equipment prescribed in Article 42-7, paragraph (1) of the Former Act on Special Measures Concerning Taxation that a corporation concluded before that date, the provisions then in force continue to govern.

The provisions of Article 42-10 of the New Act on Special Measures Concerning Taxation (limited to the part pertaining to paragraph (6)) apply to a contract pertaining to a lease transaction without transfer of ownership prescribed in that paragraph that a corporation concludes on or after April 1, 2008, and with regard to a contract for the lease of business innovation equipment, etc. prescribed in Article 42-10, paragraph (1) of the Former Act on Special Measures Concerning Taxation that a corporation concluded before that date, the provisions then in force continue to govern.

With regard to a contract for the lease of information infrastructure enhancement equipment, etc. prescribed in Article 42-11, paragraph (1) of the Former Act on Special Measures Concerning Taxation that a corporation concluded before April 1, 2008, the provisions then in force continue to govern.