Unless otherwise provided for in these Supplementary Provisions, the provisions of the Income Tax Act as amended by the provisions of Article 1 (hereinafter referred to as the "New Income Tax Act" up to Article 31 of the Supplementary Provisions) apply to income tax for 2007 and subsequent years, and the provisions then in force continue to govern income tax for 2006 and prior years.

The provisions of Article 2, paragraph (1), items (xi) and (xv)-3 of the New Income Tax Act apply to trusts that take effect on or after the date specified in Article 1, item (vii) of the Supplementary Provisions (hereinafter referred to as the "Effective Date of the Trust Act") (for a trust created by will, limited to one for which the will was made on or after the Effective Date of the Trust Act, and including a trust that has become a new-law trust prescribed in Article 3, paragraph (1) of the Act on Arrangement of Relevant Acts Incidental to Enforcement of the Trust Act (Act No. 109 of 2006) pursuant to the provisions of Article 3, paragraph (1), Article 6, paragraph (1), Article 11, paragraph (2), Article 15, paragraph (2), Article 26, paragraph (1), Article 30, paragraph (2) or Article 56, paragraph (2) of that Act (hereinafter referred to as a "new-law trust")), and the provisions then in force continue to govern trusts that took effect before the Effective Date of the Trust Act (including, for a trust created by will, one for which the will was made before the Effective Date of the Trust Act, and excluding new-law trusts).

①The provisions of Article 5, paragraph (2) of the New Income Tax Act (limited to the part concerning item (ii)) apply to taxable income of a Domestic Corporation prescribed in that item (limited to that received in Japan; hereinafter referred to as "taxable income of a Domestic Corporation" in this Article) or taxable income of a Foreign Corporation prescribed in that item (hereinafter referred to as "taxable income of a Foreign Corporation" in this Article) that a Nonresident is to receive on or after the Effective Date of the Trust Act.

②The provisions of Article 5, paragraph (3) of the New Income Tax Act apply to taxable income of a Domestic Corporation or taxable income of a Foreign Corporation that a Domestic Corporation is to receive on or after the Effective Date of the Trust Act, and the provisions then in force continue to govern interest, etc., dividends, etc., supplementary benefits, interest, profits, gains, distributions of profits or prizes prescribed in Article 5, paragraph (3) of the Income Tax Act prior to the amendment by the provisions of Article 1 (hereinafter referred to as the "former Income Tax Act" up to Article 30 of the Supplementary Provisions) that a Domestic Corporation is to receive before the Effective Date of the Trust Act.

③The provisions of Article 5, paragraph (4) of the New Income Tax Act apply to taxable income of a Foreign Corporation or taxable income of a Domestic Corporation that a Foreign Corporation is to receive on or after the Effective Date of the Trust Act, and the provisions then in force continue to govern domestic source income prescribed in Article 5, paragraph (4) of the Former Income Tax Act (limited to that set forth in Article 161, items (i)-2 through (vii) or items (ix) through (xii) of the Former Income Tax Act) that a Foreign Corporation is to receive before the Effective Date of the Trust Act.

①The provisions of Chapter II-2 of the New Income Tax Act apply to Trusts Subject to Corporate Taxation that take effect on or after the Effective Date of the Trust Act (for those falling under trusts created by will, limited to those for which the will was made on or after the Effective Date of the Trust Act, and including those falling under new-law trusts).

②If a trust that took effect before the Effective Date of the Trust Act (including, for a trust created by will, one for which the will was made before the Effective Date of the Trust Act, and excluding a trust prescribed in the proviso to Article 13, paragraph (1) of the Former Income Tax Act; hereinafter referred to as an "old trust" in this Article) comes to fall under a Trust Subject to Corporate Taxation (excluding a trust set forth in Article 2, item (xxix)-2, (b) of the Corporation Tax Act) on or after the Effective Date of the Trust Act, the provisions of Article 6-3, item (vi) of the New Income Tax Act apply by deeming that old trust to be a trust whose beneficiary, etc. prescribed in that item is deemed to hold the assets and liabilities belonging to its trust property.

③If an old trust comes to fall under a Trust Subject to Corporate Taxation (limited to a trust set forth in Article 2, item (xxix)-2, (b) of the Corporation Tax Act) on or after the Effective Date of the Trust Act, the provisions of Article 6-3, item (vii) of the New Income Tax Act apply by deeming that old trust to be a trust whose beneficiary, etc. prescribed in that item is deemed to hold the assets and liabilities belonging to its trust property.

The provisions of the main clause of Article 13, paragraph (1) of the New Income Tax Act apply to the assets and liabilities belonging to the trust property of a trust that takes effect on or after the Effective Date of the Trust Act (for a trust created by will, limited to one for which the will was made on or after the Effective Date of the Trust Act, and including a new-law trust) and to the revenue and expenses attributed to that trust property, and the provisions then in force continue to govern the income and expenditure attributed to the trust property of a trust that took effect before the Effective Date of the Trust Act (including, for a trust created by will, one for which the will was made before the Effective Date of the Trust Act, and excluding a new-law trust).

The provisions of Article 14 of the New Income Tax Act apply to interest, etc. prescribed in paragraph (1) of that Article that is to be received on or after the Effective Date of the Trust Act, and the provisions then in force continue to govern interest, etc. prescribed in Article 14, paragraph (1) of the Former Income Tax Act that is to be received before the Effective Date of the Trust Act.

The provisions of Article 24 of the New Income Tax Act apply to dividends and similar income prescribed in paragraph (1) of that Article that are to be received on or after the Effective Date of the Trust Act, and the provisions then in force continue to govern dividends and similar income prescribed in Article 24, paragraph (1) of the Former Income Tax Act that are to be received before the Effective Date of the Trust Act.

The provisions of Article 25 of the New Income Tax Act (limited to the part concerning paragraph (1), item (i)) apply to money or other assets received through a merger of corporations prescribed in that item where that merger takes place on or after the Effective Date of the Trust Act, and the provisions then in force continue to govern money or other assets received through a merger of corporations prescribed in Article 25, paragraph (1), item (i) of the Former Income Tax Act where that merger took place before the Effective Date of the Trust Act.

The provisions of Article 36, paragraph (3) of the New Income Tax Act apply to dividends of surplus or distributions of proceeds prescribed in that paragraph that are to be received on or after the Effective Date of the Trust Act, and the provisions then in force continue to govern dividends of surplus or distributions of proceeds prescribed in Article 36, paragraph (3) of the Former Income Tax Act that are to be received before the Effective Date of the Trust Act.

The provisions of Article 57-4, paragraph (1) of the New Income Tax Act apply to transfers of old shares prescribed in that paragraph through share exchanges prescribed in that paragraph that an individual conducts on or after May 1, 2007, and the provisions then in force continue to govern transfers of old shares prescribed in Article 57-4, paragraph (1) of the Former Income Tax Act through share exchanges prescribed in that paragraph that an individual conducted before that date.

The provisions of Article 65 of the New Income Tax Act apply to the amount of revenue and the amount of expenses from sales, etc. of assets prescribed in paragraph (1) of that Article that fall under deferred-payment sales and similar dealings prescribed in paragraph (3) of that Article under contracts concluded on or after April 1, 2008, and to the amount of revenue and the amount of expenses from lease transfers prescribed in paragraph (2) of that Article under contracts concluded on or after that date, and the provisions then in force continue to govern the amount of revenue and the amount of expenses from sales, etc. of assets prescribed in Article 65, paragraph (1) of the Former Income Tax Act that fall under deferred-payment sales and similar dealings prescribed in paragraph (2) of that Article under contracts concluded before that date.

The provisions of Article 67-2 of the New Income Tax Act apply to lease transactions prescribed in paragraph (3) of that Article under contracts concluded on or after April 1, 2008.

The provisions of Article 67-3 of the New Income Tax Act apply to trusts that take effect on or after the Effective Date of the Trust Act (for a trust created by will, limited to one for which the will was made on or after the Effective Date of the Trust Act, and including a new-law trust).

The provisions of Article 92 of the New Income Tax Act apply in the case where a Resident comes to have dividend income prescribed in paragraph (1) of that Article on or after the Effective Date of the Trust Act, and the provisions then in force continue to govern the case where a Resident came to have dividend income prescribed in Article 92, paragraph (1) of the Former Income Tax Act before the Effective Date of the Trust Act.

①The provisions of Article 157, paragraph (4) of the New Income Tax Act (limited to the part concerning a merger or similar process prescribed in that paragraph) apply to acts or calculations that a corporation (including an Association or Foundation without Legal Personality prescribed in Article 2, paragraph (1), item (viii) of the New Income Tax Act; the same applies hereinafter up to Article 50 of the Supplementary Provisions) performs on or after May 1, 2007, and the provisions then in force continue to govern acts or calculations that a corporation performed before that date.

②The provisions of Article 157, paragraph (4) of the New Income Tax Act (limited to the part concerning trust mergers and trust splits related to Trusts Subject to Corporate Taxation) apply to acts or calculations that a corporation performs on or after the Effective Date of the Trust Act, and the provisions then in force continue to govern acts or calculations that a corporation performed before the Effective Date of the Trust Act.

The provisions of Article 161, item (v) and Article 169, item (ii) of the New Income Tax Act apply to dividends, etc. prescribed in Article 161, item (v) of the New Income Tax Act that are to be received on or after the Effective Date of the Trust Act, and the provisions then in force continue to govern dividends, etc. prescribed in Article 161, item (v) of the Former Income Tax Act that are to be received before the Effective Date of the Trust Act.

①The provisions of Article 174, item (ix) of the New Income Tax Act apply to distributions of profits set forth in that item that are to be received on or after January 1, 2008, and the provisions then in force continue to govern distributions of profits set forth in Article 174, item (ix) of the Former Income Tax Act that are to be received before that date.

②The provisions of Article 210 of the New Income Tax Act apply to distributions of profits prescribed in that Article that are to be paid on or after January 1, 2008, and the provisions then in force continue to govern distributions of profits prescribed in Article 210 of the Former Income Tax Act that are to be paid before that date.

③The provisions of Article 225, paragraph (1), item (iii) of the New Income Tax Act (limited to the part concerning distributions of profits prescribed in Article 210 of the New Income Tax Act) apply to statements prescribed in that paragraph that are submitted on or after January 1, 2008, and the provisions then in force continue to govern statements prescribed in Article 225, paragraph (1) of the Former Income Tax Act that were submitted before that date.