①The provisions of Article 66-6, paragraph (2) and paragraphs (6) through (8) of the New Act on Special Measures Concerning Taxation apply, for business years beginning on or after the Effective Date of a foreign affiliated company prescribed in paragraph (2), item (i) of that Article, to the amount of applicable income prescribed in paragraph (1) of that Article and the taxable amount prescribed in that paragraph pertaining to that amount of applicable income, the amount of partially applicable income prescribed in paragraph (6) of that Article and the partially taxable amount prescribed in that paragraph pertaining to that amount of partially applicable income, and the amount of partially applicable income for a financial subsidiary, etc. prescribed in paragraph (8) of that Article and the partially taxable amount for a financial subsidiary, etc. prescribed in that paragraph pertaining to that amount of partially applicable income for a financial subsidiary, etc., and the provisions then in force continue to govern, for business years that began before the Effective Date of a foreign affiliated company prescribed in Article 66-6, paragraph (2), item (i) of the Former Act on Special Measures Concerning Taxation, the amount of applicable income prescribed in paragraph (1) of that Article and the taxable amount prescribed in that paragraph pertaining to that amount of applicable income, the amount of partially applicable income prescribed in paragraph (6) of that Article and the partially taxable amount prescribed in that paragraph pertaining to that amount of partially applicable income, and the amount of partially applicable income for a financial subsidiary, etc. prescribed in paragraph (8) of that Article and the partially taxable amount for a financial subsidiary, etc. prescribed in that paragraph pertaining to that amount of partially applicable income for a financial subsidiary, etc..

②The provisions of Article 66-7, paragraph (4) and paragraphs (7) through (13) of the New Act on Special Measures Concerning Taxation apply to the amount of income tax, etc. prescribed in paragraph (4) of that Article pertaining to the taxable amount, partially taxable amount or partially taxable amount for a financial subsidiary, etc. prescribed in that paragraph for business years beginning on or after the Effective Date of a foreign affiliated company prescribed in that paragraph.

③With regard to the application of the provisions of Article 66-7 of the New Act on Special Measures Concerning Taxation during the period from the Effective Date to December 31, 2019, in paragraph (7) of that Article, the phrase "after the deduction under the provisions of Article 69-2 of that Act and before the deduction under the provisions of" is deemed to be replaced with "before the deduction under the provisions of"; in paragraph (9) of that Article, the phrase 'the phrase "Article 70-2 or Article 144-2-3 of that Act" is deemed to be replaced with "paragraph (7) of that Article and Article 70-2 of that Act", and the phrase "under the Corporation Tax Act tax credit provisions" is deemed to be replaced with "under the provisions of Article 66-7, paragraph (4) and the Corporation Tax Act tax credit provisions"' is deemed to be replaced with 'the phrase "deduction under the Corporation Tax Act tax credit provisions (for a domestic corporation, deduction under the Corporation Tax Act tax credit provisions in the order prescribed in Article 70-2 of that Act)" is deemed to be replaced with "deduction under the provisions of Article 66-7, paragraph (4) and the Corporation Tax Act tax credit provisions in the order prescribed in paragraph (7) of that Article and Article 70-2 of that Act"'; and in paragraph (12) of that Article, the phrase "after the deduction under the provisions of Article 12-2 of that Act and before the deduction under the provisions of" is deemed to be replaced with "before the deduction under the provisions of".

④With regard to the application of the provisions of Article 66-7, paragraph (9) of the New Act on Special Measures Concerning Taxation during the period from the Effective Date to the day before the date specified in Article 1, item (xiv) of the Supplementary Provisions, the phrase ", Article 42-12-5, paragraph (7) or Article 42-12-6, paragraph (6)" in that paragraph is deemed to be replaced with "or Article 42-12-5, paragraph (7)".

⑤The provisions of Article 66-9-2, paragraph (2) and paragraphs (6) through (8) of the New Act on Special Measures Concerning Taxation apply, for business years beginning on or after the Effective Date of a foreign affiliated corporation prescribed in paragraph (1) of that Article, to the amount of applicable income prescribed in paragraph (1) of that Article and the taxable amount prescribed in that paragraph pertaining to that amount of applicable income, the amount of partially applicable income prescribed in paragraph (6) of that Article and the partially taxable amount prescribed in that paragraph pertaining to that amount of partially applicable income, and the amount of partially applicable income for a financial affiliated corporation prescribed in paragraph (8) of that Article and the partially taxable amount for a financial affiliated corporation prescribed in that paragraph pertaining to that amount of partially applicable income for a financial affiliated corporation, and the provisions then in force continue to govern, for business years that began before the Effective Date of a foreign affiliated corporation prescribed in Article 66-9-2, paragraph (1) of the Former Act on Special Measures Concerning Taxation, the amount of applicable income prescribed in paragraph (1) of that Article and the taxable amount prescribed in that paragraph pertaining to that amount of applicable income, the amount of partially applicable income prescribed in paragraph (6) of that Article and the partially taxable amount prescribed in that paragraph pertaining to that amount of partially applicable income, and the amount of partially applicable income for a financial affiliated corporation prescribed in paragraph (8) of that Article and the partially taxable amount for a financial affiliated corporation prescribed in that paragraph pertaining to that amount of partially applicable income for a financial affiliated corporation.

⑥The provisions of Article 66-9-3, paragraph (4) and paragraphs (7) through (13) of the New Act on Special Measures Concerning Taxation apply to the amount of income tax, etc. prescribed in paragraph (4) of that Article pertaining to the taxable amount, partially taxable amount or partially taxable amount for a financial affiliated corporation prescribed in that paragraph for business years beginning on or after the Effective Date of a foreign affiliated corporation prescribed in that paragraph.

⑦With regard to the application of the provisions of Article 66-9-3 of the New Act on Special Measures Concerning Taxation during the period from the Effective Date to December 31, 2019, in paragraph (7) of that Article, the phrase "after the deduction under the provisions of Article 69-2 of that Act and before the deduction under the provisions of" is deemed to be replaced with "before the deduction under the provisions of"; in paragraph (9) of that Article, the phrase 'the phrase "Article 70-2 or Article 144-2-3 of that Act" is deemed to be replaced with "paragraph (7) of that Article and Article 70-2 of that Act", and the phrase "under the Corporation Tax Act tax credit provisions" is deemed to be replaced with "under the provisions of Article 66-9-3, paragraph (4) and the Corporation Tax Act tax credit provisions"' is deemed to be replaced with 'the phrase "deduction under the Corporation Tax Act tax credit provisions (for a domestic corporation, deduction under the Corporation Tax Act tax credit provisions in the order prescribed in Article 70-2 of that Act)" is deemed to be replaced with "deduction under the provisions of Article 66-9-3, paragraph (4) and the Corporation Tax Act tax credit provisions in the order prescribed in paragraph (7) of that Article and Article 70-2 of that Act"'; and in paragraph (12) of that Article, the phrase "after the deduction under the provisions of Article 12-2 of that Act and before the deduction under the provisions of" is deemed to be replaced with "before the deduction under the provisions of".

⑧With regard to the application of the provisions of Article 66-9-3, paragraph (9) of the New Act on Special Measures Concerning Taxation during the period from the Effective Date to the day before the date specified in Article 1, item (xiv) of the Supplementary Provisions, the phrase ", Article 42-12-5, paragraph (7) or Article 42-12-6, paragraph (6)" in that paragraph is deemed to be replaced with "or Article 42-12-5, paragraph (7)".

①The provisions then in force continue to govern the amount of dividends of profits referred to in Article 67-14, paragraph (4) of the Former Act on Special Measures Concerning Taxation of specific purpose companies referred to in that paragraph that were paid before January 1, 2020.

②The provisions then in force continue to govern the amount of dividends, etc. referred to in Article 67-15, paragraph (4) of the Former Act on Special Measures Concerning Taxation of investment corporations referred to in that paragraph that were paid before January 1, 2020.

①The provisions of Article 67-16 of the New Act on Special Measures Concerning Taxation apply to domestic source income prescribed in paragraph (1) and paragraph (3) of that Article that a foreign corporation referred to in paragraph (1) of that Article comes to have in a business year beginning on or after January 1, 2019, and the provisions then in force continue to govern domestic source income prescribed in Article 138, paragraph (1) of the Corporation Tax Act that a foreign corporation referred to in Article 67-16, paragraph (1) of the Former Act on Special Measures Concerning Taxation came to have in a business year that began before that date.

②The provisions then in force continue to govern the submission of the documents referred to in Article 67-16, paragraph (3) of the Former Act on Special Measures Concerning Taxation in the case where a foreign corporation prescribed in that paragraph came to have domestic source income prescribed in that paragraph in a business year that began before January 1, 2019.

①The provisions then in force continue to govern the amount of distributions of profits referred to in Article 68-3-2, paragraph (4) of the Former Act on Special Measures Concerning Taxation pertaining to specified-purpose trusts referred to in that paragraph that were paid before January 1, 2020.

②The provisions then in force continue to govern the amount of distributions of proceeds referred to in Article 68-3-3, paragraph (4) of the Former Act on Special Measures Concerning Taxation pertaining to specified investment trusts referred to in that paragraph that were paid before January 1, 2020.

The provisions of Article 68-4 of the New Act on Special Measures Concerning Taxation apply to corporation tax for business years of a corporation beginning on or after April 1, 2020 and to local corporation tax for taxable business years beginning on or after that date.

①The provisions of Article 68-9, paragraphs (12) and (13) of the New Act on Special Measures Concerning Taxation (including as applied mutatis mutandis pursuant to Article 68-11, paragraph (11), Article 68-13, paragraph (8), Article 68-14, paragraph (8), Article 68-14-2, paragraph (7), Article 68-14-3, paragraph (7), Article 68-15, paragraph (7), Article 68-15-3, paragraph (4), Article 68-15-4, paragraph (11) or Article 68-15-5, paragraph (11) 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 a consolidated parent corporation business year prescribed in Article 15-2, paragraph (1) of the Corporation Tax Act; the same applies hereinafter) ends 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 ended before the Effective Date.

②With regard to the application of the provisions of Article 68-9, paragraph (13) of the Act on Special Measures Concerning Taxation (including as applied mutatis mutandis pursuant to the provisions of Article 68-10, paragraph (8), Article 68-11, paragraph (11), Article 68-13, paragraph (8), Article 68-14, paragraph (7), Article 68-14-2, paragraph (7), Article 68-14-3, paragraph (7), Article 68-15, paragraph (7), Article 68-15-2, paragraph (10), Article 68-15-3, paragraph (4), Article 68-15-4, paragraph (11), Article 68-15-5, paragraph (11), Article 68-15-6, paragraph (7) or Article 68-15-6-2, paragraph (7) of that Act or the provisions of Article 105, paragraph (2), Article 107, paragraph (5) or Article 108, paragraph (3) of the Supplementary Provisions) in a consolidated business year for which the consolidated parent corporation business year of a consolidated parent corporation or a consolidated subsidiary corporation that has a consolidated full controlling interest with that consolidated parent corporation began before October 1, 2019, the phrase "10.3 percent" in Article 68-9, paragraph (13), item (v) of that Act is deemed to be replaced with "4.4 percent".

③With regard to the application of the provisions of the preceding paragraph during the period from the Effective Date to the day before the date specified in Article 1, item (xiv) of the Supplementary Provisions, the phrase ", Article 68-15-6, paragraph (7) or Article 68-15-7, paragraph (7)" in that paragraph is deemed to be replaced with "or Article 68-15-6, paragraph (7)".

①With regard to the application of the provisions of Article 68-10, paragraph (1) 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 the Rational Use of Energy (Act No. 45 of 2018) comes into effect, the phrase "April 1, 2018 (for those listed in Article 42-5, paragraph (1), items (ii) and (iii), the date on which the Act Partially Amending the Act on the Rational Use of Energy (Act No. 45 of 2018) comes into effect)" in that paragraph is deemed to be replaced with "April 1, 2018", and the phrase "the items of paragraph (1) of that Article" is deemed to be replaced with "the items of Article 42-5, paragraph (1)".

②With regard to the application of the provisions of Article 68-10, paragraph (2) 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 the category of an excluded business operator prescribed in item (v)-2 of that paragraph)" in that paragraph is deemed to be replaced with "small or medium-sized consolidated corporation".