Supplementary Provisions, Article 5Principles of Transitional Provisions Accompanying the Partial Revision of Other Laws and Regulations

Unless otherwise provided, the provisions of the laws and regulations as amended by the provisions of Chapter II apply to income tax for 1965 or any later year and to corporation tax for business years, ending on or after the Effective Date, of the corporations prescribed in the provisions of those laws and regulations, and the provisions then in force continue to govern income tax for 1964 or any earlier year and corporation tax for business years of those corporations that ended before that date.