①The provisions of Article 42-12 of the New Act on Special Measures Concerning Taxation apply to corporation tax for business years of a corporation ending on or after the Effective Date (excluding business years subject to the special provision), and the provisions then in force continue to govern corporation tax for business years of a corporation that ended before the Effective Date (including business years subject to the special provision).

②The term "business years subject to the special provision" referred to in the preceding paragraph means the business years ending on or after the Effective Date of a corporation that obtained the certification referred to in Article 17-2, paragraph (3) of the Local Revitalization Act before the Effective Date (excluding, in the case where that corporation obtains the certification under that paragraph or the certification of a change under paragraph (4) of that Article on or after the Effective Date, the business years ending on or after the day on which it obtains that certification).

③With regard to the application of the provisions of Article 42-12, paragraph (5), item (vii), (b) of the New Act on Special Measures Concerning Taxation during the period from the Effective Date to March 31, 2021 to a corporation that is a small and medium sized business owner prescribed in Article 3, paragraph (1) of the Supplementary Provisions of the Act on the Arrangement of Related Acts to Promote Work Style Reform, the phrase "Article 2, paragraph (1) of the Act on Improvement of Personnel Management and Conversion of Employment Status for Part-Time Workers and Fixed-Term Workers" in (b) of that item is deemed to be replaced with "Article 2 of the Act on Improvement, etc. of Employment Management for Part-Time Workers prior to the amendment by the provisions of Article 7 of the Act on the Arrangement of Related Acts to Promote Work Style Reform, which remains in force pursuant to the provisions of Article 11, paragraph (1) of the Supplementary Provisions of that Act".