The provisions of Article 66-6, paragraph (3) of the New Act on Special Measures Concerning Taxation apply to the amount of applicable income prescribed in paragraph (1) of that Article for a business year, beginning on or after the Effective Date, of a specified foreign subsidiary, etc. prescribed in that paragraph, and the provisions then in force continue to govern the amount of applicable income prescribed in Article 66-6, paragraph (1) of the Former Act on Special Measures Concerning Taxation for a business year, beginning before the Effective Date, of a specified foreign subsidiary, etc. prescribed in that paragraph.

The provisions of Article 67-4, paragraph (12) of the New Act on Special Measures Concerning Taxation apply to fixed assets that a corporation acquires or improves as prescribed in paragraph (2) of that Article on or after the Effective Date, and the provisions then in force continue to govern fixed assets that a corporation acquired or improved as prescribed in Article 67-4, paragraph (2) of the Former Act on Special Measures Concerning Taxation before the Effective Date.

The provisions of Article 67-5, paragraph (1) of the New Act on Special Measures Concerning Taxation apply to low-value depreciable assets prescribed in that paragraph that a small and medium sized enterprise, etc. prescribed in that paragraph acquires, manufactures or constructs on or after the Effective Date, and the provisions then in force continue to govern low-value depreciable assets prescribed in that paragraph that a small and medium sized enterprise, etc. prescribed in Article 67-5, paragraph (1) of the Former Act on Special Measures Concerning Taxation acquired, manufactured or constructed before the Effective Date.

The provisions of Article 67-5-2, paragraph (1) of the New Act on Special Measures Concerning Taxation apply in the case where the fact prescribed in that paragraph occurs on or after the Effective Date, and the provisions then in force continue to govern the case where the fact prescribed in Article 67-5-2, paragraph (1) of the Former Act on Special Measures Concerning Taxation occurred before the Effective Date.

①The provisions of Article 67-18, paragraphs (3) and (4) of the New Act on Special Measures Concerning Taxation apply to corporation tax of a domestic corporation for business years beginning on or after April 1, 2017.

②The provisions of Article 67-18, paragraphs (5), (6) and (13) of the New Act on Special Measures Concerning Taxation apply to corporation tax of a domestic corporation for business years beginning on or after April 1, 2017, and the provisions then in force continue to govern corporation tax of a domestic corporation for business years that began before that date.

With regard to a merger listed in Article 68-2, item (i) of the Former Act on Special Measures Concerning Taxation that was carried out before the Effective Date, the provisions then in force continue to govern.

①The provisions of Article 68-3-4, paragraph (3) of the New Act on Special Measures Concerning Taxation apply in the case where a foreign corporation that has a permanent establishment ceases to have a permanent establishment in a business year beginning on or after the Effective Date.

②The provisions of Article 68-3-4, paragraph (4) of the New Act on Special Measures Concerning Taxation apply in the case where a foreign corporation that does not have a permanent establishment comes to have a permanent establishment on or after the Effective Date.

①The provisions of Article 68-10 of the New Act on Special Measures Concerning Taxation apply to equipment, etc. for promoting the reduction of energy-related environmental load prescribed in paragraph (1) of that Article that a consolidated parent corporation or a consolidated subsidiary corporation having a consolidated full controlling interest with that consolidated parent corporation acquires, manufactures or constructs on or after the Effective Date, and the provisions then in force continue to govern equipment, etc. for promoting the reduction of energy-related environmental load prescribed in Article 68-10, paragraph (1) of the Former Act on Special Measures Concerning Taxation and specified equipment, etc. for promoting the reduction of energy-related environmental load prescribed in paragraph (6) of that Article that a consolidated parent corporation or a consolidated subsidiary corporation having a consolidated full controlling interest with that consolidated parent corporation acquired, manufactured or constructed before the Effective Date.

②With regard to the application of the provisions of Article 68-10 of the New Act on Special Measures Concerning Taxation during the period from the Effective Date to the day before the date on which the Act Partially Amending the Act on Special Measures Concerning Procurement of Renewable Energy Electricity by Electricity Utilities, etc. (Act No. 59 of 2016) comes into effect, the phrase "the items of Article 42-5, paragraph (1)" in paragraph (1) of that Article is deemed to be replaced with "the items of Article 42-5, paragraph (1) as replaced and read pursuant to the provisions of Article 86, paragraph (2) of the Supplementary Provisions of the Act Partially Amending the Income Tax Act, etc. (Act No. 15 of 2016)".

With regard to the inclusion in gross profit of the amount of the reserve for special depreciation that a consolidated parent corporation or a consolidated subsidiary corporation having a consolidated full controlling interest with that consolidated parent corporation set aside pursuant to the provisions of Article 68-11, paragraph (5) of the Former Act on Special Measures Concerning Taxation in a consolidated business year that began before the Effective Date, the provisions then in force continue to govern.

①The provisions of Article 68-14, paragraph (1) of the New Act on Special Measures Concerning Taxation apply to the depreciation limit for specified machinery and equipment, etc. (meaning the limit of the amount to be included in deductible expenses as depreciation allowance; the same applies hereinafter in this paragraph and paragraph (1) of the following Article) prescribed in that paragraph that a consolidated parent corporation or a consolidated subsidiary corporation having a consolidated full controlling interest with that consolidated parent corporation acquires, manufactures or constructs on or after the Effective Date, and the provisions then in force continue to govern the depreciation limit for specified machinery and equipment, etc. prescribed in Article 68-14, paragraph (1) of the Former Act on Special Measures Concerning Taxation that a consolidated parent corporation or a consolidated subsidiary corporation having a consolidated full controlling interest with that consolidated parent corporation acquired, manufactured or constructed before the Effective Date.

②In the case where a consolidated parent corporation or a consolidated subsidiary corporation having a consolidated full controlling interest with that consolidated parent corporation has had its approval under Article 4-2 of the Corporation Tax Act revoked pursuant to the provisions of Article 4-5, paragraph (1) of that Act, with regard to the amount equivalent to the amount pertaining to that consolidated parent corporation or its consolidated subsidiary corporation, out of the amount deducted from the amount of corporation tax on consolidated income, in any of the consolidated business years of that consolidated parent corporation or its consolidated subsidiary corporation beginning within five years before the revocation date prescribed in Article 68-14, paragraph (5) of the Former Act on Special Measures Concerning Taxation that began before the Effective Date, pursuant to the provisions of paragraph (2) or (3) of that Article, the provisions then in force continue to govern.

①The provisions of Article 68-14-2, paragraphs (1) and (2) of the New Act on Special Measures Concerning Taxation apply to the depreciation limit for specified machinery and equipment, etc. prescribed in paragraph (1) of that Article that a consolidated parent corporation or a consolidated subsidiary corporation having a consolidated full controlling interest with that consolidated parent corporation acquires, manufactures or constructs on or after the Effective Date, and to the amount deducted, for that specified machinery and equipment, etc., from the consolidated tax before adjustment (meaning the consolidated tax before adjustment prescribed in paragraph (2) of that Article) on consolidated income for the consolidated business year that includes the day on which that specified machinery and equipment, etc. is used for the specified international strategic business prescribed in paragraph (1) of that Article, in that consolidated business year, and the provisions then in force continue to govern the depreciation limit for specified machinery and equipment, etc. prescribed in Article 68-15, paragraph (1) of the Former Act on Special Measures Concerning Taxation that a consolidated parent corporation or a consolidated subsidiary corporation having a consolidated full controlling interest with that consolidated parent corporation acquired, manufactured or constructed before the Effective Date, and the amount deducted, for that specified machinery and equipment, etc., from the consolidated tax before adjustment (meaning the consolidated tax before adjustment prescribed in paragraph (2) of that Article) on consolidated income for the consolidated business year that includes the day on which that specified machinery and equipment, etc. was used for the specified international strategic business prescribed in that paragraph, in that consolidated business year.

②In the case where a consolidated parent corporation or a consolidated subsidiary corporation having a consolidated full controlling interest with that consolidated parent corporation has had its approval under Article 4-2 of the Corporation Tax Act revoked pursuant to the provisions of Article 4-5, paragraph (1) of that Act, with regard to the amount equivalent to the amount pertaining to that consolidated parent corporation or its consolidated subsidiary corporation, out of the amount deducted from the amount of corporation tax on consolidated income, in any of the consolidated business years of that consolidated parent corporation or its consolidated subsidiary corporation beginning within five years before the revocation date prescribed in Article 68-15, paragraph (5) of the Former Act on Special Measures Concerning Taxation that began before the Effective Date, pursuant to the provisions of paragraph (2) or (3) of that Article, the provisions then in force continue to govern.

The provisions of Article 68-15-2 of the New Act on Special Measures Concerning Taxation apply to corporation tax for consolidated business years for which the consolidated corporation's consolidated parent corporation business year (meaning the consolidated parent corporation business year prescribed in Article 15-2, paragraph (1) of the Corporation Tax Act; the same applies hereinafter) begins on or after the Effective Date, and the provisions then in force continue to govern corporation tax for consolidated business years for which the consolidated corporation's consolidated parent corporation business year began before the Effective Date.

With regard to the application of the provisions of Article 68-15-3, paragraph (4) of the New Act on Special Measures Concerning Taxation in a consolidated business year for which the consolidated parent corporation business year of a consolidated parent corporation or a consolidated subsidiary corporation having a consolidated full controlling interest with that consolidated parent corporation ended before April 1, 2018, the phrase "10.3 percent" in that paragraph is deemed to be replaced with "4.4 percent".

The provisions of Article 68-15-5 of the New Act on Special Measures Concerning Taxation apply to corporation tax for consolidated business years for which the consolidated corporation's consolidated parent corporation business year begins on or after the Effective Date, and the provisions then in force continue to govern corporation tax for consolidated business years for which the consolidated corporation's consolidated parent corporation business year began before the Effective Date.

①With regard to the specified productivity-enhancing equipment, etc. prescribed in Article 68-15-6, paragraph (2) or (8) of the Former Act on Special Measures Concerning Taxation for which a consolidated parent corporation or a consolidated subsidiary corporation having a consolidated full controlling interest with that consolidated parent corporation made an acquisition, etc. (meaning an acquisition, etc. prescribed in paragraph (1) of that Article; the same applies hereinafter in this paragraph) before the Effective Date, and the specified productivity-enhancing equipment, etc. prescribed in paragraph (1) or (7) of that Article for which a consolidated parent corporation or a consolidated subsidiary corporation having a consolidated full controlling interest with that consolidated parent corporation made an acquisition, etc. before April 1, 2017, the provisions then in force continue to govern.

②With regard to the inclusion in gross profit of the amount of the reserve for special depreciation that a consolidated parent corporation or a consolidated subsidiary corporation having a consolidated full controlling interest with that consolidated parent corporation set aside pursuant to the provisions of Article 68-15-6, paragraph (5) of the Former Act on Special Measures Concerning Taxation in a consolidated business year that began before the Effective Date, the provisions then in force continue to govern.