With regard to the calculation of the amount of income for each business year beginning on or after the Effective Date of a corporation that, as of the end of the business year that includes the day before the Effective Date (hereinafter referred to as the "base date" in this Article), has obtained the permission under Article 8, paragraph (1) or Article 15, paragraph (1) of the Act on Waste Management and Public Cleaning (hereinafter referred to as "installation permission" in this Article) (including a corporation that, after the base date, receives from another person a transfer of a specified final disposal site for waste prescribed in Article 56, paragraph (1) of the Former Act on Special Measures Concerning Taxation (limited, where that other person is a corporation, 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 of that other person, 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 December 31, 2022)), the provisions of Article 56 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 "(paragraph (7)" is deemed to be replaced with "(paragraph (6)"; the phrase "60 percent" is deemed to be replaced with "60 percent (or, where the relevant business year is a business year beginning during the period from April 1, 2024 to March 31, 2025, 50 percent; where it is a business year beginning during the period from April 1, 2025 to March 31, 2026, 40 percent; where it is a business year beginning during the period from April 1, 2026 to March 31, 2027, 30 percent; where it is a business year beginning during the period from April 1, 2027 to March 31, 2028, 20 percent; and where it is a business year beginning during the period from April 1, 2028 to March 31, 2029, 10 percent)"; the phrase ", qualified company split or qualified capital contribution in kind" in paragraph (3) of that Article is deemed to be replaced with "(limited to one in which the merging corporation is a corporation prescribed in Article 44 of the Supplementary Provisions of the Act Partially Amending the Income Tax Act, etc. (Act No. 4 of 2022); the same applies in paragraph (8)), qualified company split (limited to one in which the successor corporation in a company split is a corporation prescribed in that Article; the same applies hereinafter in this Article) or qualified capital contribution in kind (limited to one in which the corporation receiving the capital contribution in kind is a corporation prescribed in Article 44 of the Supplementary Provisions of that Act; the same applies hereinafter in this Article)"; the phrase "paragraph (6) of the preceding Article" in paragraph (5) of that Article is deemed to be replaced with "Article 55-2, paragraph (6) of the Act on Special Measures Concerning Taxation prior to the amendment by the provisions of Article 11 of the Act Partially Amending the Income Tax Act, etc. (Act No. 4 of 2022)"; the phrase "60 percent" in paragraph (6) of that Article is deemed to be replaced with "60 percent (or, where the relevant business year is a business year beginning during the period from April 1, 2024 to March 31, 2025, 50 percent; where it is a business year beginning during the period from April 1, 2025 to March 31, 2026, 40 percent; where it is a business year beginning during the period from April 1, 2026 to March 31, 2027, 30 percent; where it is a business year beginning during the period from April 1, 2027 to March 31, 2028, 20 percent; and where it is a business year beginning during the period from April 1, 2028 to March 31, 2029, 10 percent)"; and, in paragraph (13) of that Article, the phrase "paragraph (6)" is deemed to be replaced with "paragraph (5)" and the phrase "paragraph (7)" is deemed to be replaced with "paragraph (6)".

①The provisions of Article 60 of the New Act on Special Measures Concerning Taxation apply to corporation tax for business years of domestic corporations ending on or after the Effective Date, and the provisions then in force continue to govern corporation tax for business years of domestic corporations that ended before the Effective Date.

②With regard to the application of the provisions of Article 60 of the New Act on Special Measures Concerning Taxation in business years ending on or after the Effective Date of a domestic corporation that falls under the category of any of the following corporations (including, where that domestic corporation is a group tax sharing corporation (meaning a group tax sharing corporation prescribed in Article 2, paragraph (2), item (x)-6 of the Act on Special Measures Concerning Taxation; the same applies hereinafter in this paragraph and the following paragraph), that domestic corporation in the case where any other group tax sharing corporation falls under the category of any of the following corporations), the phrase "(limited to one incorporated on or after the day of submission prescribed in the left-hand column of that item" in paragraph (1) of that Article is deemed to be replaced with "that, among those, was incorporated on or after the day of plan submission, etc. (meaning, for a domestic corporation other than a domestic corporation under the transitional measures (meaning a domestic corporation that falls under the category of the corporations listed in the items of Article 45, paragraph (2) of the Supplementary Provisions of the Act Partially Amending the Income Tax Act, etc. (Act No. 4 of 2022); the same applies hereinafter in this paragraph), the submission prescribed in the left-hand column of the items of that table; for a domestic corporation under the transitional measures that falls under the category of the corporations listed in the left-hand column of item (i) of that table, the designation under Article 29, paragraph (1) of the Act on Special Measures for the Promotion and Development of Okinawa prior to the amendment by the Act Partially Amending the Act on Special Measures for the Promotion and Development of Okinawa (Act No. 7 of 2014) (hereinafter referred to as the '2014 Former Okinawa Promotion Act' in this paragraph); and, for a domestic corporation under the transitional measures that falls under the category of the corporations listed in the left-hand column of item (ii) of that table, the submission under Article 41, paragraph (5) of the Act on Special Measures for the Promotion and Development of Okinawa prior to the amendment by the provisions of Article 1 of the Act Partially Amending the Act on Special Measures for the Promotion and Development of Okinawa, etc. (Act No. 7 of 2022; hereinafter referred to as the 'Okinawa Promotion Act, etc. Amendment Act' in this paragraph) (hereinafter referred to as the 'Former Okinawa Promotion Act' in this paragraph) (or, for a domestic corporation under the transitional measures that has its head office or principal office within a district designated as an international logistics hub industrial cluster area pursuant to the provisions of Article 42, paragraph (1) of the 2014 Former Okinawa Promotion Act, that designation))", and the phrase "within the area listed in the middle column of that item;" is deemed to be replaced with "within the area listed in the middle column of that item ("; in the left-hand column of item (i) of the table in that paragraph, the phrase "limited to …)" is deemed to be replaced with "limited to …; hereinafter referred to as a 'certified corporation' in this item) or a corporation that has received the certification prescribed in Article 4, paragraph (2) of the Supplementary Provisions of the Okinawa Promotion Act, etc. Amendment Act in the case where the provisions then in force continue to govern pursuant to that paragraph (excluding a certified corporation; hereinafter referred to as a 'former certified corporation' in this item)"; in the middle column of that item, the phrase "Article 29, paragraph (1) of that Act" is deemed to be replaced with "Article 29, paragraph (1) of the Act on Special Measures for the Promotion and Development of Okinawa", and the phrase "The area of the special district for the information and communications industry prescribed in Article 28, paragraph (2), item (iii) of that Act that is set out in the submitted information and communications industry promotion plan prescribed in Article 29, paragraph (1) of the Act on Special Measures for the Promotion and Development of Okinawa" is deemed to be replaced with "The area of the special district for the information and communications industry prescribed in Article 28, paragraph (2), item (iii) of that Act that is set out in the submitted information and communications industry promotion plan prescribed in Article 29, paragraph (1) of the Act on Special Measures for the Promotion and Development of Okinawa (or, for a former certified corporation, the special district for the information and communications industry prescribed in Article 28, paragraph (2), item (iii) of the Former Okinawa Promotion Act that is set out, as of March 31, 2022, in the submitted information and communications industry promotion plan prescribed in Article 29, paragraph (1) of the Former Okinawa Promotion Act)"; in the right-hand column of that item, the phrase "that Act" is deemed to be replaced with "the Act on Special Measures for the Promotion and Development of Okinawa", and the phrase "Certified specified information and communications business" is deemed to be replaced with "Certified specified information and communications business (or, for a former certified corporation, the specified information and communications business prescribed in Article 30, paragraph (1) of the Former Okinawa Promotion Act)"; in the left-hand column of item (ii) of that table, the phrase "limited to …)" is deemed to be replaced with "limited to …; hereinafter referred to as a 'certified corporation' in this item) or a corporation that has received the certification prescribed in Article 6, paragraph (3) of the Supplementary Provisions of the Okinawa Promotion Act, etc. Amendment Act in the case where the provisions then in force continue to govern pursuant to that paragraph (excluding a certified corporation; hereinafter referred to as a 'former certified corporation' in this item)"; in the middle column of that item, the phrase "Article 42, paragraph (1) of that Act" is deemed to be replaced with "Article 42, paragraph (1) of the Act on Special Measures for the Promotion and Development of Okinawa", and the phrase "The area of the international logistics hub industrial cluster area prescribed in Article 41, paragraph (2), item (ii) of that Act that is set out in the submitted international logistics hub industrial cluster plan prescribed in Article 42, paragraph (1) of the Act on Special Measures for the Promotion and Development of Okinawa" is deemed to be replaced with "The area of the international logistics hub industrial cluster area prescribed in Article 41, paragraph (2), item (ii) of that Act that is set out in the submitted international logistics hub industrial cluster plan prescribed in Article 42, paragraph (1) of the Act on Special Measures for the Promotion and Development of Okinawa (or, for a former certified corporation, the international logistics hub industrial cluster area prescribed in that item that is set out, as of March 31, 2022, in the submitted international logistics hub industrial cluster plan prescribed in Article 42, paragraph (1) of the Former Okinawa Promotion Act)"; and, in the right-hand column of that item, the phrase "that Act" is deemed to be replaced with "the Act on Special Measures for the Promotion and Development of Okinawa", and the phrase "Certified specified international logistics hub business" is deemed to be replaced with "Certified specified international logistics hub business (or, for a former certified corporation, the specified international logistics hub business prescribed in Article 44, paragraph (1) of the Former Okinawa Promotion Act)".

③With regard to the application of the provisions of Article 60 of the New Act on Special Measures Concerning Taxation in business years ending on or after the Effective Date of a domestic corporation that falls under the category of former certified corporations (meaning corporations that have received the certification prescribed in Article 7, paragraph (2) of the Supplementary Provisions of the Okinawa Promotion Act, etc. Amendment Act in the case where the provisions then in force continue to govern pursuant to that paragraph; the same applies hereinafter in this paragraph) (including, where that domestic corporation is a group tax sharing corporation, that domestic corporation in the case where any other group tax sharing corporation falls under the category of former certified corporations), the phrase "limited to ...)" in paragraph (2) of that Article is deemed to be replaced with "limited to ...) or a former certified corporation prescribed in Article 45, paragraph (3) of the Supplementary Provisions of the Act Partially Amending the Income Tax Act, etc. (Act No. 4 of 2022)", and the phrase ", that Act" is deemed to be replaced with ", the Act on Special Measures for the Promotion and Development of Okinawa".

A corporation that falls under the category of certified qualified farmland-owning corporations prescribed in Article 61-2, paragraph (1) of the New Act on Special Measures Concerning Taxation and that, 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 corporation specified by Order of the Ministry of Finance as prescribed in Article 61-2, paragraph (1) of the New Act on Special Measures Concerning Taxation, and the provisions of that Article apply.