Supplementary Provisions, Article 8Transitional Provisions Concerning Reserves
第八条(引当金に関する経過規定)
The amount of a bad debt reserve account, retirement allowance reserve account or special repair reserve account under the provisions of the Former Act (including orders based on it; hereinafter the same applies in this Article) that a corporation holds as of the first day of the business year that includes the Effective Date (excluding any amount already required to be reversed under the provisions of the Former Act; hereinafter referred to as the "balance of former bad-debt and similar reserves" in this Article) is deemed to be, respectively, the amount of the bad debt reserve account, retirement allowance reserve account or special repair reserve account included in the amount of deductible expenses when calculating the amount of income of that corporation for each business year pursuant to the provisions of Article 52, paragraph (1) (Bad Debt Reserves), Article 55, paragraph (1) (Retirement Allowance Reserves) or Article 56, paragraph (1) (Special Repair Reserves) of the New Act.
The provisions of the preceding paragraph apply mutatis mutandis to the balance of former bad-debt and similar reserves where a corporation has succeeded to the balance of former bad-debt and similar reserves from the acquired corporation in a merger carried out during the period from the first day of the business year that includes the Effective Date to the day before the Effective Date.
前項の規定は、法人が、施行日の属する事業年度開始の日から施行日の前日までの間において行なつた合併により、その合併に係る被合併法人から旧貸倒引当金勘定等の金額を引き継いだ場合におけるその旧貸倒引当金勘定等の金額について準用する。
Article 54 (Reserve for Bonuses) of the New Act applies to corporation tax on income for business years of a corporation beginning on or after October 1, 1965.
新法第五十四条(賞与引当金)の規定は、法人の昭和四十年十月一日以後に開始する事業年度の所得に対する法人税について適用する。