①The provisions then in force continue to govern income tax for 2022 and prior years of an individual prescribed in Article 20, paragraph (1) of the Former Act on Special Measures Concerning Taxation.

②With regard to the calculation of the amount of business income for each year from 2023 onward of an individual who, as of December 31, 2022 (hereinafter referred to as the "base date" in this paragraph), has obtained the permission under Article 8, paragraph (1) or Article 15, paragraph (1) of the Act on Waste Management and Public Cleaning (Act No. 137 of 1970) (hereinafter referred to as "installation permission" in this paragraph) (including an individual who, after the base date, receives from another person a transfer of a specified final disposal site for waste prescribed in Article 20, paragraph (1) of the Former Act on Special Measures Concerning Taxation (limited, where that other person is a corporation or an association or foundation without juridical personality prescribed in Article 2, paragraph (1), item (viii) of the Income Tax Act, to a specified final disposal site for waste for which the day on which the installation permission was obtained is on or before the end of the business year of that other person that includes the day before the Effective Date, and, where that other person is an individual, to a specified final disposal site for waste for which the day on which the installation permission was obtained is on or before the base date)), the provisions of Article 20 of the Former Act on Special Measures Concerning Taxation remain in force. In this case, the phrase "March 31, 2022" in paragraph (1) of that Article is deemed to be replaced with "March 31, 2029"; the phrase "60 percent" is deemed to be replaced with "60 percent (or, where the relevant year is 2025, 50 percent; where it is 2026, 40 percent; where it is 2027, 30 percent; where it is 2028, 20 percent; and where it is 2029, 10 percent)"; and the phrase "heir" in paragraph (3), item (iv) of that Article is deemed to be replaced with "heir (limited to one who is an individual prescribed in Article 29, paragraph (2) of the Supplementary Provisions of the Act Partially Amending the Income Tax Act, etc. (Act No. 4 of 2022); the same applies in paragraphs (6) and (7))".

An individual who falls under the category of certified farmers, etc. prescribed in Article 24-2, paragraph (1) of the New Act on Special Measures Concerning Taxation and who, as a result of the consultation prescribed in Article 11, paragraph (2) of the Supplementary Provisions of the Agricultural Management Foundation Act, etc. Amendment Act, has been identified as a farmer expected to play a central role in agriculture in the area that the municipality finds appropriate, is deemed, until the day on which the two years prescribed in Article 5, paragraph (1) of the Supplementary Provisions of the Agricultural Management Foundation Act, etc. Amendment Act elapse, to be a person specified by Order of the Ministry of Finance as prescribed in Article 24-2, paragraph (1) of the New Act on Special Measures Concerning Taxation, and the provisions of that Article apply.

The provisions of Article 28-2, 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 business operator prescribed in that paragraph acquires, or 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 business operator prescribed in Article 28-2, paragraph (1) of the Former Act on Special Measures Concerning Taxation acquired, or manufactured or constructed, before the Effective Date.

①The provisions of Article 33, paragraph (2) of the New Act on Special Measures Concerning Taxation (including as applied mutatis mutandis pursuant to Article 33-2, paragraph (2) of the New Act on Special Measures Concerning Taxation; the same applies hereinafter in this paragraph) apply to assets that are to be substitute assets prescribed in Article 33, paragraph (2) of the New Act on Special Measures Concerning Taxation relating to an expropriation, etc. (meaning an expropriation, etc. prescribed in Article 33, paragraph (1) of the New Act on Special Measures Concerning Taxation (including as applied mutatis mutandis pursuant to Article 33-2, paragraph (2) of the New Act on Special Measures Concerning Taxation)) to which an individual is subjected on or after the Effective Date.

②The provisions of Article 34, paragraph (2) of the New Act on Special Measures Concerning Taxation (limited to the part concerning item (vii)) apply in the case where land, etc. prescribed in paragraph (1) of that Article held by an individual is purchased on or after the date specified in Article 1, item (xi) of the Supplementary Provisions, and the provisions then in force continue to govern the case where land, etc. prescribed in Article 34, paragraph (1) of the Former Act on Special Measures Concerning Taxation held by an individual was purchased before that date.

③If, on or after the date specified in Article 1, item (xi) of the Supplementary Provisions, agricultural land prescribed in Article 34, paragraph (2), item (vii) of the Former Act on Special Measures Concerning Taxation that is located within the implementation area of an agricultural land use improvement project prescribed in Article 23-2, paragraph (1) of the Act on Promotion of Improvement of Agricultural Management Foundation (Act No. 65 of 1980) prior to the amendment by the provisions of Article 1 of the Agricultural Management Foundation Act, etc. Amendment Act (hereinafter referred to as the "Former Act on Promotion of Improvement of Agricultural Management Foundation"), relating to the agricultural land use rules prescribed in Article 6, paragraph (3) of the Supplementary Provisions of the Agricultural Management Foundation Act, etc. Amendment Act in the case where the provisions then in force continue to govern pursuant to that paragraph, is purchased by the farmland intermediary management organization referred to in Article 23-2, paragraph (6) of the Former Act on Promotion of Improvement of Agricultural Management Foundation (limited to a farmland intermediary management organization prescribed in Article 34, paragraph (2), item (vii) of the Former Act on Special Measures Concerning Taxation) based on a request under that paragraph in the case where the provisions then in force continue to govern pursuant to the provisions of Article 6, paragraph (3) of the Supplementary Provisions of the Agricultural Management Foundation Act, etc. Amendment Act, that case of purchase is deemed to fall under the case listed in Article 34, paragraph (2), item (vii) of the New Act on Special Measures Concerning Taxation, and the provisions of that Article apply.

④With regard to the application of the provisions of Article 34-2 of the New Act on Special Measures Concerning Taxation in the case where the provisions of the preceding paragraph apply, the phrase "case" in paragraph (2), item (xxv) of that Article is deemed to be replaced with "case (excluding a case that falls under the case listed in paragraph (2), item (vii) of the preceding Article as applied by deeming pursuant to the provisions of Article 32, paragraph (3) of the Supplementary Provisions of the Act Partially Amending the Income Tax Act, etc. (Act No. 4 of 2022))".

⑤The provisions of Article 34-2, paragraph (2) of the New Act on Special Measures Concerning Taxation (limited to the part concerning item (xxv)) apply in the case where land, etc. prescribed in paragraph (1) of that Article held by an individual is purchased on or after the date specified in Article 1, item (xi) of the Supplementary Provisions, and the provisions then in force continue to govern the case where land, etc. prescribed in Article 34-2, paragraph (1) of the Former Act on Special Measures Concerning Taxation held by an individual was purchased before that date.

⑥If, on or after the date specified in Article 1, item (xi) of the Supplementary Provisions, agricultural land prescribed in Article 34-2, paragraph (2), item (xxv) of the Former Act on Special Measures Concerning Taxation that is located within the area designated as an agricultural land area prescribed in that item is purchased by the farmland intermediary management organization referred to in Article 16, paragraph (2) of the Former Act on Promotion of Improvement of Agricultural Management Foundation (limited to a farmland intermediary management organization prescribed in that item) based on the consultation under that paragraph in the case where the provisions then in force continue to govern pursuant to the provisions of Article 3, paragraph (2) of the Supplementary Provisions of the Agricultural Management Foundation Act, etc. Amendment Act (excluding a case that falls under the case listed in Article 34, paragraph (2), item (vii) of the New Act on Special Measures Concerning Taxation (including as applied by deeming pursuant to the provisions of paragraph (3))), that case of purchase is deemed to fall under the case listed in Article 34-2, paragraph (2), item (xxv) of the New Act on Special Measures Concerning Taxation, and the provisions of that Article apply.

⑦The provisions of Article 34-3, paragraph (2) of the New Act on Special Measures Concerning Taxation (limited to the part concerning item (ii)) apply to a transfer of land, etc. prescribed in Article 34-3, paragraph (1) of the New Act on Special Measures Concerning Taxation that an individual makes on or after the date specified in Article 1, item (xi) of the Supplementary Provisions, and the provisions then in force continue to govern a transfer of land, etc. prescribed in Article 34-3, paragraph (1) of the Former Act on Special Measures Concerning Taxation that an individual made before that date.

⑧If, on or after the date specified in Article 1, item (xi) of the Supplementary Provisions, land, etc. prescribed in Article 34-3, paragraph (2), item (ii) of the Former Act on Special Measures Concerning Taxation is transferred under the agricultural land use consolidation plan prescribed in Article 5, paragraph (2) of the Supplementary Provisions of the Agricultural Management Foundation Act, etc. Amendment Act that remains in force pursuant to the provisions of that paragraph (excluding the case where the provisions of Article 34, paragraph (2), item (vii) (including as applied by deeming pursuant to the provisions of paragraph (3)) or Article 34-2, paragraph (2), item (xxv) (including as applied by deeming pursuant to the provisions of paragraph (6)) of the New Act on Special Measures Concerning Taxation apply), that case of transfer is deemed to fall under the case listed in Article 34-3, paragraph (2), item (ii) of the New Act on Special Measures Concerning Taxation, and the provisions of that Article apply.

⑨The provisions then in force continue to govern a transfer of land, etc. prescribed in Article 34-3, paragraph (2), item (iii) of the Former Act on Special Measures Concerning Taxation that an individual made before the Effective Date.

⑩The provisions then in force continue to govern a transfer of land prescribed in Article 34-3, paragraph (2), item (vii) of the Former Act on Special Measures Concerning Taxation that an individual made before the Effective Date.

⑪The provisions then in force continue to govern a transfer of land, etc. prescribed in Article 34-3, paragraph (2), item (ix) of the Former Act on Special Measures Concerning Taxation that an individual made before the Effective Date.

⑫The provisions then in force continue to govern a transfer prescribed in Article 37-6, paragraph (1) of the Former Act on Special Measures Concerning Taxation of land, etc. prescribed in that paragraph by exchange and consolidation prescribed in item (ii) of that paragraph that an individual made before the Effective Date.

⑬The provisions then in force continue to govern a transfer prescribed in Article 37-9, paragraph (1) of the Former Act on Special Measures Concerning Taxation of business land, etc. prescribed in that paragraph that an individual made within 10 years after December 31 of the year that includes the day of the acquisition prescribed in that paragraph.

The provisions of Article 40-3-2, paragraph (1) of the New Act on Special Measures Concerning Taxation apply to a gift referred to in that paragraph that an individual referred to in that paragraph makes on or after the Effective Date, and the provisions then in force continue to govern a gift referred to in that paragraph that an individual referred to in Article 40-3-2, paragraph (1) of the Former Act on Special Measures Concerning Taxation made before the Effective Date.

①The provisions of Articles 41 through 41-2-2 of the New Act on Special Measures Concerning Taxation (excluding the parts concerning Article 41, paragraphs (6), (13) and (16) of the New Act on Special Measures Concerning Taxation) apply in the case where an individual, on or after January 1, 2022, uses a residential house or existing house prescribed in Article 41, paragraph (1) of the New Act on Special Measures Concerning Taxation, or a house on which extension or renovation, etc. has been carried out (limited to the part pertaining to that extension or renovation, etc.), for the individual's own residential use as prescribed in that paragraph, and the provisions then in force continue to govern the case where an individual, before that date, used a residential house or existing house prescribed in Article 41, paragraph (1) of the Former Act on Special Measures Concerning Taxation, or a house on which extension or renovation, etc. has been carried out (limited to the part pertaining to that extension or renovation, etc.), for the individual's own residential use as prescribed in that paragraph.

②With regard to the application of the provisions of Article 41, paragraphs (10) and (19) 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 provisions listed in Article 1, item (iv) of the Supplementary Provisions of the Act Partially Amending the Act on the Promotion of Long-Life Quality Housing, etc. for Improving the Quality of Housing and Developing an Environment for Smooth Transactions (Act No. 48 of 2021) come into effect, the phrase "Article 11, paragraph (1)" in paragraph (10), item (i) and paragraph (19), item (i) of that Article is deemed to be replaced with "Article 10, item (ii)".

③A creditor prescribed in Article 41-2-3, paragraph (1) of the New Act on Special Measures Concerning Taxation that has, by January 31, 2024, submitted to the district director of the competent tax office prescribed in paragraph (2) of that Article a written notification stating that it is difficult for the creditor to submit the record referred to in that paragraph on October 31 prescribed in that paragraph and other matters specified by Order of the Ministry of Finance is not required, notwithstanding the provisions of that Article, to submit the record under the provisions of that paragraph until the day on which the creditor submits to that district director a written notification stating that the circumstances making it difficult have ceased to exist and other matters specified by Order of the Ministry of Finance.

The provisions of Article 41-19-2 of the New Act on Special Measures Concerning Taxation apply in the case where an individual carries out a housing seismic retrofit prescribed in paragraph (1) of that Article on or after January 1, 2022, and the provisions then in force continue to govern the case where an individual carried out a housing seismic retrofit prescribed in Article 41-19-2, paragraph (1) of the Former Act on Special Measures Concerning Taxation before that date.