①With regard to the application of the provisions of Article 68-16 of the New Act on Special Measures Concerning Taxation during the period from the Effective Date to March 31, 2019, the phrase "small or medium-sized consolidated corporation (excluding one that falls under an excluded business operator prescribed in item (v)-2 of that paragraph)" in the left-hand column of item (i) of the table in paragraph (1) of that Article is deemed to be replaced with "small or medium-sized consolidated corporation".

②The provisions of Article 68-16, paragraph (1) of the New Act on Special Measures Concerning Taxation (limited to the part concerning item (iii) of the table in that paragraph) apply to depreciable assets listed in the middle column of that item that a consolidated parent corporation or a consolidated subsidiary corporation having a consolidated full controlling interest with that consolidated parent corporation acquires or manufactures on or after the Effective Date.

③The provisions of Article 68-18 of the New Act on Special Measures Concerning Taxation apply to 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 ending on or after the Effective Date.

④With regard to depreciable assets that would fall under substitute assets for disaster-damaged assets, etc. of a consolidated parent corporation or its consolidated subsidiary corporation prescribed in the provisions of Article 68-18, paragraph (1) of the New Act on Special Measures Concerning Taxation (or, for a business year, the provisions of Article 43-3, paragraph (1) of the New Act on Special Measures Concerning Taxation) if those provisions were applied for a consolidated business year of that consolidated parent corporation or a consolidated subsidiary corporation having a consolidated full controlling interest with that consolidated parent corporation that ended within one year before the Effective Date (where the business year that ended within one year before the Effective Date does not fall under a consolidated business year, that business year; referred to as a "consolidated business year, etc. ended within one year" in the following paragraph) (excluding those to which the provisions listed in the items of Article 68-42, paragraph (1) of the New Act on Special Measures Concerning Taxation or other provisions specifying special provisions concerning depreciable assets that are specified by Cabinet Order apply; referred to as "special disaster substitute assets, etc." in this paragraph), the following provisions apply:

⑤The provisions of the preceding paragraph apply, for item (i) or item (iii) of that paragraph, only in the case where, for each consolidated business year from the consolidated business year, etc. ended within one year of the consolidated parent corporation or its consolidated subsidiary corporation referred to in those items up to the consolidated business year immediately preceding the transitional consolidated business year (where the business year immediately preceding the transitional consolidated business year does not fall under a consolidated business year, that business year), that consolidated parent corporation has continuously filed a consolidated final return prescribed in Article 2, item (xxxii) of the Corporation Tax Act (where a business year that began by the transitional consolidated business year does not fall under a consolidated business year, a final return prescribed in item (xxxi) of that Article) (limited, where the provisions of Article 68-40, paragraph (1) of the New Act on Special Measures Concerning Taxation are applied by deeming pursuant to the provisions of item (i) of that paragraph, to the case where a written statement concerning the calculation of the depreciation limit for the special disaster substitute assets, etc. prescribed in that item is attached to the consolidated tax return, etc. for that transitional consolidated business year, and, where the provisions of Article 68-41, paragraph (2) of the New Act on Special Measures Concerning Taxation are applied by deeming pursuant to the provisions of item (iii) of the preceding paragraph, to the case where the consolidated tax return, etc. for that transitional consolidated business year contains a statement of the inclusion in deductible expenses of the amount set aside as a reserve for special depreciation and has a written statement concerning the calculation of the amount so set aside attached to it, respectively), and, for item (ii) or item (iv) of the preceding paragraph, only in the case where, for each consolidated business year that ended during the period from the first day of the consolidated business year, etc. ended within one year of the corporation that transferred the special disaster substitute assets, etc. prescribed in those items up to the day preceding the day of that qualified merger, etc. (for a qualified in-kind distribution that falls under a distribution of all residual assets, the day on which the residual assets pertaining to that qualified in-kind distribution are determined; the same applies hereinafter in this paragraph) (where a business year that ended by that preceding day does not fall under a consolidated business year, that business year), that corporation or the consolidated parent corporation pertaining to that corporation has continuously filed a consolidated final return prescribed in Article 2, item (xxxii) of the Corporation Tax Act (where a business year that ended by that preceding day does not fall under a consolidated business year, a final return prescribed in item (xxxi) of that Article), and, for each consolidated business year from the consolidated business year that includes the day of that qualified merger, etc. of the consolidated parent corporation or its consolidated subsidiary corporation referred to in item (ii) or item (iv) of the preceding paragraph up to the transitional consolidated business year (where a business year that began by the transitional consolidated business year does not fall under a consolidated business year, that business year), that consolidated parent corporation has continuously filed a consolidated final return prescribed in item (xxxii) of that Article (where a business year that began by the transitional consolidated business year does not fall under a consolidated business year, a final return prescribed in item (xxxi) of that Article).

⑥With regard to the application of the provisions of Article 68-18 of the New Act on Special Measures Concerning Taxation during the period from the Effective Date to March 31, 2019, the phrase "small or medium-sized consolidated corporation (excluding one that falls under an excluded business operator prescribed in item (v)-2 of that paragraph)" in paragraph (2) of that Article is deemed to be replaced with "small or medium-sized consolidated corporation".

⑦The provisions of Article 68-34 of the New Act on Special Measures Concerning Taxation apply to machinery, etc. for promoting business restructuring prescribed in Article 68-34, paragraph (1) of the New 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 acquires, or manufactures or constructs, on or after the date specified in Article 1, item (xi) of the Supplementary Provisions.

⑧With regard to rental housing for the elderly with services prescribed in Article 68-34, 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 or newly built on or before March 31, 2017, the provisions of that Article remain in force. In this case, the phrase "Article 47, paragraph (1)" in paragraph (2) of that Article is deemed to be replaced with "Article 47, paragraph (1) of the Act on Special Measures Concerning Taxation prior to the amendment by Article 12 of the Act Partially Amending the Income Tax Act, etc., and Other Matters (Act No. 4 of 2017), which remains in force pursuant to the provisions of Article 67, paragraph (7) of the Supplementary Provisions of that Act".

⑨The provisions of Article 68-35 of the New Act on Special Measures Concerning Taxation (limited to the part concerning paragraph (3), item (ii)) apply to specified urban renaissance buildings, 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 or newly builds on or after the Effective Date.

⑩With regard to buildings and structures listed in Article 68-35, paragraph (3), item (ii) of the Former Act on Special Measures Concerning Taxation and structures listed in Article 47-2, paragraph (3), item (iii) of the Former Act on Special Measures Concerning Taxation (including those specified by Order of the Ministry of Finance prescribed in that item that are installed together with those structures; the same applies hereinafter in this paragraph) that a consolidated parent corporation or a consolidated subsidiary corporation having a consolidated full controlling interest with that consolidated parent corporation acquired or newly built before the Effective Date, the provisions of Article 68-35 of the Former Act on Special Measures Concerning Taxation (limited to the part concerning buildings and structures listed in paragraph (3), item (ii) and structures listed in Article 47-2, paragraph (3), item (iii) of the Former Act on Special Measures Concerning Taxation) remain in force. In this case, the phrase "Article 47-2, paragraph (3), item (iii)" in Article 68-35, paragraph (1) of the Former Act on Special Measures Concerning Taxation is deemed to be replaced with "Article 47-2, paragraph (3), item (iii) of the Act on Special Measures Concerning Taxation prior to the amendment by Article 12 of the Act Partially Amending the Income Tax Act, etc., and Other Matters (Act No. 4 of 2017), which remains in force pursuant to the provisions of Article 67, paragraph (9) of the Supplementary Provisions of that Act (referred to as the "Former Act on Special Measures Concerning Taxation Kept in Force" in the following paragraph and paragraph (3))"; the phrase "Article 47-2, paragraph (1)" in paragraph (2) of that Article is deemed to be replaced with "Article 47-2, paragraph (1) of the Former Act on Special Measures Concerning Taxation Kept in Force"; and the phrase "Article 47-2, paragraph (3), item (iii)" in paragraph (3) of that Article is deemed to be replaced with "Article 47-2, paragraph (3), item (iii) of the Former Act on Special Measures Concerning Taxation Kept in Force".