Supplementary Provisions, Article 34Transitional Measures Concerning Exclusion from Deductible Expenses of the Net Operating Losses on the Transfer of Assets of a Corporation Showing a Loss That Is Controlled by a Specified Shareholder, etc.
第三十四条（特定株主等によって支配された欠損等法人の資産の譲渡等損失額の損金不算入に関する経過措置）
The provisions of Article 61 of the New Corporation Tax Act apply to corporation tax on income for business years, ending on or after the Effective Date, of a corporation showing a loss, etc. prescribed in paragraph (1) of that Article. In this case, with regard to the application of the provisions of that paragraph where the applicable business year prescribed in that paragraph of the corporation showing a loss, etc. commences before the Effective Date and ends on or after the Effective Date, the phrases "the first day of the applicable business year prescribed in Article 57-2, paragraph (1) or applicable consolidated business year prescribed in Article 81-9-2, paragraph (1) (hereinafter referred to as the 'applicable business year, etc.' in this paragraph)" and "the first day of the applicable business year, etc." in that paragraph are deemed to be replaced with "April 1, 2006".
新法人税法第六十一条の規定は、同条第一項に規定する欠損等法人の施行日以後に終了する事業年度の所得に対する法人税について適用する。この場合において、当該欠損等法人の同項に規定する適用事業年度が施行日前に開始し、かつ、施行日以後に終了するときにおける同項の規定の適用については、同項中「第五十七条の二第一項に規定する適用事業年度又は第八十一条の九の二第一項に規定する適用連結事業年度（以下この項において「適用事業年度等」という。）開始の日」とあり、及び「当該適用事業年度等の開始の日」とあるのは、「平成十八年四月一日」とする。
With regard to the application of the provisions of Article 61 of the New Corporation Tax Act in a business year ending during the period from the Effective Date until September 30, 2006, the phrase ", Article 61-12, paragraph (1) (Gains or Losses on the Fair Valuation of Assets Accompanying Participation in Consolidated Taxation), or Article 62-9, paragraph (1) (Gains or Losses on the Fair Valuation of Assets Held by a wholly owned subsidiary corporation in a share exchange, etc. Involved in a Non-qualified Share Exchange, etc.)" in paragraph (1) of that Article is deemed to be replaced with ", or Article 61-12, paragraph (1) (Gains or Losses on the Fair Valuation of Assets Accompanying Participation in Consolidated Taxation)", and the phrase ", the business year immediately prior to participation in the consolidation prescribed in Article 61-12, paragraph (1), or the business year subject to the provisions of Article 62-9, paragraph (1)" is deemed to be replaced with ", or the business year immediately prior to participation in the consolidation prescribed in Article 61-12, paragraph (1)".