The provisions of Article 61 of the New Act on Special Measures Concerning Taxation apply to corporation tax for business years ending on or after the Effective Date of a corporation prescribed in paragraph (1) of that Article, and the provisions then in force continue to govern corporation tax for business years that ended before the Effective Date of a corporation prescribed in Article 61, paragraph (1) of the Former Act on Special Measures Concerning Taxation.

①The provisions then in force continue to govern the case where land, etc. prescribed in Article 65-3, paragraph (1) of the Former Act on Special Measures Concerning Taxation held by a corporation was purchased, before the date specified in Article 1, item (v) of the Supplementary Provisions, pursuant to a ruling prescribed in item (iii) of that paragraph.

②If, on or after the date specified in Article 1, item (v) of the Supplementary Provisions, land, etc. prescribed in Article 65-3, paragraph (1) of the New Act on Special Measures Concerning Taxation that pertains to a right to use grassland prescribed in Article 75-2, paragraph (1) of the Cropland Act prior to the amendment by the provisions of Article 1 of the Act Partially Amending the Cropland Act, etc. (Act No. 57 of 2009), for which the provisions then in force continue to govern pursuant to the provisions of Article 7, paragraph (2) of the Supplementary Provisions of that Act (hereinafter referred to as the "Former Cropland Act" in this paragraph), is purchased pursuant to a ruling under Article 75-8, paragraph (1) of the Former Cropland Act, the provisions of Article 65-3 of the New Act on Special Measures Concerning Taxation apply by deeming the case of that purchase to fall under the case listed in paragraph (1), item (iii) of that Article.

③The provisions then in force continue to govern the case where land, etc. prescribed in Article 65-4, paragraph (1) of the Former Act on Special Measures Concerning Taxation held by a corporation was purchased, before the date specified in Article 1, item (vi) of the Supplementary Provisions, by a corporation prescribed in item (xiii) of that paragraph for use in the business referred to in that item (limited to the part concerning (a)).

④If, on or after the date specified in Article 1, item (vi) of the Supplementary Provisions, land, etc. prescribed in Article 65-4, paragraph (1) of the New Act on Special Measures Concerning Taxation held by a corporation is purchased by a corporation in which a local government has made a capital contribution or any other corporation specified by Cabinet Order, for use in an upgrading project prescribed in Article 4, paragraph (7), item (i) of the Small and Medium-sized Retail Business Promotion Act based on an upgrading project plan that has received certification under the provisions of paragraphs (1) through (3) or paragraph (6) of that Article (limited to an upgrading project based on an upgrading project plan that received that certification before that date, for which it has been certified, as provided by Order of the Ministry of Finance, that it satisfies the requirements specified by Cabinet Order, such as being carried out in conformity with city planning or any other plan of the State or a local government concerning land use), the provisions of Article 65-4 of the New Act on Special Measures Concerning Taxation apply by deeming the case of that purchase to fall under the case listed in paragraph (1), item (xiii) of that Article.

⑤The provisions of Article 65-4, paragraph (1), item (xiii), (a) of the New Act on Special Measures Concerning Taxation apply to corporation tax pertaining to a transfer of land, etc. prescribed in that paragraph that a corporation carries out on or after the date specified in Article 1, item (vi) of the Supplementary Provisions.

⑥The provisions of Article 65-4, paragraph (1), item (xxv) of the New Act on Special Measures Concerning Taxation apply to corporation tax pertaining to a transfer of land, etc. prescribed in that paragraph that a corporation carries out on or after the date specified in Article 1, item (v) of the Supplementary Provisions, and the provisions then in force continue to govern corporation tax pertaining to a transfer of land, etc. prescribed in Article 65-4, paragraph (1) of the Former Act on Special Measures Concerning Taxation that a corporation carried out before that date.

⑦The provisions then in force continue to govern the case where an agricultural production corporation prescribed in Article 65-5, paragraph (1) of the Former Act on Special Measures Concerning Taxation transferred, before the date specified in Article 1, item (v) of the Supplementary Provisions, land, etc. prescribed in that paragraph held by it to a specified agricultural corporation prescribed in item (iii) of that paragraph through consultation prescribed in that item.

⑧The provisions of Articles 65-7 through 65-9 of the New Act on Special Measures Concerning Taxation (limited to the part concerning item (xiv) of the table in Article 65-7, paragraph (1) of the New Act on Special Measures Concerning Taxation) apply to assets listed in the right-hand column of item (xiv) of that table that a corporation acquires on or after the date specified in Article 1, item (v) of the Supplementary Provisions, and the provisions then in force continue to govern assets listed in the right-hand column of item (xiv) of the table in Article 65-7, paragraph (1) of the Former Act on Special Measures Concerning Taxation that a corporation acquired before that date.

⑨The provisions of Article 66-2 of the New Act on Special Measures Concerning Taxation apply to land, etc. acquired in advance prescribed in paragraph (1) of that Article that a corporation acquires on or after January 1, 2009.

⑩With regard to the application of the provisions of Article 66-2 of the New Act on Special Measures Concerning Taxation to land, etc. acquired in advance in the case where a corporation prescribed in Article 66-2, paragraph (1) of the New Act on Special Measures Concerning Taxation has acquired land, etc. acquired in advance prescribed in that paragraph in a business year of that corporation ending before the Effective Date (limited to a business year for which the due date for filing the final return prescribed in Article 2, item (xxxi) of the Corporation Tax Act for that business year arrives before April 30, 2009), the phrase "by the due date for filing the final return prescribed in Article 2, item (xxxi) of the Corporation Tax Act for the business year that includes the date of that acquisition" in that paragraph is deemed to be replaced with "by April 30, 2009".

①The provisions of Article 66-6, paragraphs (1) through (4) of the New Act on Special Measures Concerning Taxation apply to the amount of applicable income prescribed in paragraph (1) of that Article for business years of a specified foreign subsidiary, etc. prescribed in that paragraph beginning on or after the Effective Date and to the taxable amount prescribed in that paragraph pertaining to that amount of applicable income, 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 for business years of a specified foreign subsidiary, etc. prescribed in that paragraph that began before the Effective Date and the taxable retained amount prescribed in that paragraph pertaining to that amount of applicable retained income.

②The provisions of Article 66-7, paragraphs (1) and (3) of the New Act on Special Measures Concerning Taxation apply to the amount of foreign country's corporate tax prescribed in paragraph (1) of that Article pertaining to the taxable amount prescribed in that paragraph for business years of a specified foreign subsidiary, etc. prescribed in that paragraph beginning on or after the Effective Date, and the provisions then in force continue to govern the amount of foreign country's corporate tax prescribed in Article 66-7, paragraph (1) of the Former Act on Special Measures Concerning Taxation pertaining to the taxable retained amount prescribed in that paragraph for business years of a specified foreign subsidiary, etc. prescribed in that paragraph that began before the Effective Date.

③The provisions of Article 66-8 of the New Act on Special Measures Concerning Taxation apply in the case where a domestic corporation has an amount of dividends of surplus, etc. prescribed in paragraph (1) of that Article that it receives from a specified foreign subsidiary, etc. prescribed in paragraph (2) of that Article (limited to an amount pertaining to business years of that specified foreign subsidiary, etc. beginning on or after the Effective Date), and the provisions then in force continue to govern the case where any of the facts listed in the items of Article 66-8, paragraph (1) of the Former Act on Special Measures Concerning Taxation has arisen with respect to a specified foreign subsidiary, etc. or a foreign affiliated company prescribed in that paragraph pertaining to a domestic corporation prescribed in that paragraph (limited to a fact pertaining to business years of that specified foreign subsidiary, etc. or foreign affiliated company that began before the Effective Date).

④Out of the taxable retained amount prescribed in Article 66-8, paragraph (1) of the Former Act on Special Measures Concerning Taxation for business years of a specified foreign subsidiary, etc. prescribed in that paragraph that began before the Effective Date (limited to an amount included in gross profit in calculating the amount of income for the business year prescribed in Article 66-8, paragraph (3), item (i) of the New Act on Special Measures Concerning Taxation of a domestic corporation (hereinafter referred to as the "business year of dividends, etc." in this paragraph); the same applies hereinafter in this paragraph) or the taxed retained amount prescribed in Article 66-8, paragraph (1) of the Former Act on Special Measures Concerning Taxation (including an amount deemed to be the taxed retained amount prescribed in paragraph (1) of that Article pursuant to the provisions of paragraph (2) or (3) of that Article; the same applies hereinafter in this paragraph), the amount of the part corresponding to each business year within the preceding ten years prescribed in Article 66-8, paragraph (3), item (ii) of the New Act on Special Measures Concerning Taxation of a domestic corporation (hereinafter referred to as "each business year within the preceding ten years" in this paragraph) (excluding the amount equivalent to the amount of dividends of surplus, etc. prescribed in that item that is deducted pursuant to the provisions of that item) is deemed to be the amounts listed in the items of paragraph (3) of that Article for the business year of dividends, etc. or each business year within the preceding ten years that corresponds to the period of the business year or consolidated business year to which the taxable retained amount or taxed retained amount of that domestic corporation pertains, and the provisions of paragraphs (1) through (3) of that Article apply.

⑤With regard to the amount of dividends of surplus, etc. prescribed in Article 66-6, paragraph (1) of the New Act on Special Measures Concerning Taxation (limited to an amount pertaining to business years of that specified foreign subsidiary, etc. that began before the Effective Date; the same applies hereinafter in this paragraph) that a domestic corporation receives, in a business year beginning on or after the Effective Date, from a specified foreign subsidiary, etc. prescribed in Article 66-6, paragraph (1) of the Former Act on Special Measures Concerning Taxation pertaining to that domestic corporation, the provisions of Article 23-2 of the New Corporation Tax Act do not apply. In this case, with regard to the part pertaining to that amount of dividends of surplus, etc. out of the amount of foreign country's corporate tax (meaning foreign country's corporate tax prescribed in Article 69, paragraph (1) of the Former Corporation Tax Act; the same applies hereinafter in this paragraph) imposed on the income of that specified foreign subsidiary, etc. and the amount of foreign country's corporate tax imposed on the income of a foreign second-tier subsidiary prescribed in Article 69, paragraph (11) or Article 81-15, paragraph (11) of the Former Corporation Tax Act pertaining to that specified foreign subsidiary, etc., in each business year or each consolidated business year of that domestic corporation beginning on or before the day on which three years have elapsed from the Effective Date, the provisions of Article 28 and Article 69, paragraphs (8), (11) and (13) and paragraphs (15) through (18) of the Former Corporation Tax Act, or Article 81-5 and Article 81-15, paragraphs (8) and (9), paragraphs (11) through (13) and paragraphs (15) through (17) of the Former Corporation Tax Act, remain in force.

⑥With regard to the amount of dividends of surplus, etc. prescribed in Article 66-6, paragraph (1) of the Former Act on Special Measures Concerning Taxation (limited to an amount pertaining to business years of that specified foreign subsidiary, etc. beginning on or after the Effective Date; the same applies hereinafter in this paragraph) that a domestic corporation received, in a business year that began before the Effective Date, from a specified foreign subsidiary, etc. prescribed in Article 66-6, paragraph (1) of the New Act on Special Measures Concerning Taxation pertaining to that domestic corporation (limited to one that falls under a foreign subsidiary prescribed in Article 23-2, paragraph (1) of the New Corporation Tax Act; the same applies hereinafter in this paragraph), the provisions of Article 23-2 of the New Corporation Tax Act apply notwithstanding the provisions of Article 6 of the Supplementary Provisions. In this case, the provisions of Article 12, paragraph (2) or Article 16, paragraph (2) of the Supplementary Provisions do not apply to the part pertaining to that amount of dividends of surplus, etc. out of the amount of foreign country's corporate tax prescribed in Article 69, paragraph (1) of the Former Corporation Tax Act imposed on the income of a foreign subsidiary prescribed in Article 69, paragraph (8) or Article 81-15, paragraph (8) of the Former Corporation Tax Act and of a foreign second-tier subsidiary prescribed in Article 69, paragraph (11) or Article 81-15, paragraph (11) of the Former Corporation Tax Act.

⑦With regard to the application of the provisions of the Former Corporation Tax Act in the case where the provisions of the first sentence of the preceding paragraph apply, the phrase "excluded)" in Article 67, paragraph (3), item (ii) of the Former Corporation Tax Act is deemed to be replaced with "excluded) and the amount that was not included in gross profit in calculating the amount of income for that business year pursuant to the provisions of Article 23-2 (Exclusion of Dividends, etc. Received from Foreign Subsidiaries from Gross Profit) (including the case where it is applied with the replacement of terms pursuant to the provisions of the first sentence of Article 66-8, paragraph (2) (Exclusion of Dividends of Surplus, etc. Received from Specified Foreign Subsidiaries, etc. from Gross Profit, etc.) of the Act on Special Measures Concerning Taxation) as applied pursuant to the provisions of the first sentence of Article 44, paragraph (6) (Transitional Measures Concerning Special Provisions on Taxation on Income of Specified Foreign Subsidiaries, etc. of Domestic Corporations) of the Supplementary Provisions of the Act Partially Amending the Income Tax Act, etc. (Act No. 13 of 2009)".