This Act comes into effect on April 1, 2008; provided, however, that the provisions set forth in the following items come into effect on the dates specified respectively in those items:

Except as otherwise provided in these Supplementary Provisions, the provisions of the Corporation Tax Act as amended by the provisions of Article 2 (hereinafter referred to as the "New Corporation Tax Act" up to Article 24 of the Supplementary Provisions) apply to corporation tax on income for business years of a corporation (including an association or foundation without juridical personality prescribed in Article 2, item (viii) of the New Corporation Tax Act; hereinafter the same applies up to Article 21 of the Supplementary Provisions) starting on or after the Effective Date, corporation tax on consolidated income for consolidated business years of a consolidated corporation starting on or after the Effective Date, and corporation tax on liquidation income resulting from a dissolution (excluding a dissolution due to a merger and a specified trust dissolution prescribed in Article 92, paragraph (2) of the New Corporation Tax Act; hereinafter the same applies in this Article) of a corporation on or after the Effective Date (including corporation tax on income for a business year in liquidation of a corporation subject to corporation tax on liquidation income and corporation tax to be paid due to a partial distribution or delivery of residual assets), and with regard to corporation tax on income for business years of a corporation that started before the Effective Date, corporation tax on consolidated income for consolidated business years of a consolidated corporation that started before the Effective Date, and corporation tax on liquidation income resulting from a dissolution of a corporation before the Effective Date (including corporation tax on income for a business year in liquidation of a corporation subject to corporation tax on liquidation income and corporation tax to be paid due to a partial distribution of residual assets), the provisions then in force continue to govern.

①An incorporated association or incorporated foundation listed in the table of item (i) of Appended Table 2 of the Corporation Tax Act prior to the amendment by the provisions of Article 2 (hereinafter referred to as the "Former Corporation Tax Act" up to Article 22 of the Supplementary Provisions) that continues to exist as a general incorporated association or general incorporated foundation pursuant to the provisions of Article 40, paragraph (1) of the Act on the Arrangement of Related Acts upon the Enforcement of the Act on General Incorporated Associations and General Incorporated Foundations and the Act on Authorization of Public Interest Incorporated Associations and Public Interest Incorporated Foundations (hereinafter referred to as the "Arrangement Act" in this Article) and that has not completed the registration under Article 106, paragraph (1) of the Arrangement Act (including as applied mutatis mutandis pursuant to Article 121, paragraph (1) of the Arrangement Act following the deemed replacement of terms) (for one whose authorization under Article 45 of the Arrangement Act has been revoked pursuant to the provisions of Article 131, paragraph (1) of the Arrangement Act (hereinafter referred to as an "incorporated association whose authorization was revoked" or an "incorporated foundation whose authorization was revoked", respectively, in this Article), limited to one that falls under the category of a non-profit corporation prescribed in Article 2, item (ix)-2 of the New Corporation Tax Act) is deemed to be a public interest corporation, etc. prescribed in Article 2, item (vi) of the New Corporation Tax Act (hereinafter referred to as a "public interest corporation, etc." up to Article 24 of the Supplementary Provisions), and the provisions of the New Corporation Tax Act and other laws and regulations concerning corporation tax apply to it.

②An incorporated association whose authorization was revoked that is deemed to be a public interest corporation, etc. pursuant to the provisions of the preceding paragraph and a former limited liability intermediate corporation prescribed in Article 2, paragraph (1) of the Arrangement Act to which the main clause of Article 3, paragraph (1) of the Arrangement Act applies (limited to one that falls under the category of a non-profit corporation prescribed in Article 2, item (ix)-2 of the New Corporation Tax Act) are to fall under the category of a general incorporated association listed in Appended Table 2 of the New Corporation Tax Act, and an incorporated foundation whose authorization was revoked that is deemed to be a public interest corporation, etc. pursuant to the provisions of the preceding paragraph is to fall under the category of a general incorporated foundation listed in that Table, respectively.

③A special unlimited liability intermediate corporation prescribed in Article 25, paragraph (2) of the Arrangement Act and a special Civil Code corporation prescribed in Article 42, paragraph (2) of the Arrangement Act (excluding an incorporated association whose authorization was revoked and an incorporated foundation whose authorization was revoked that are deemed to be public interest corporations, etc. pursuant to the provisions of paragraph (1)) are not to fall under the category of a non-profit corporation prescribed in Article 2, item (ix)-2 of the New Corporation Tax Act.

With regard to corporation tax on income for each business year starting on or before November 30, 2013 of a foreign corporation that, at the time the amending provisions set forth in Article 1, item (v), (b) of the Supplementary Provisions come into effect, has actually received the designation under item (ii) of Appended Table 2 of the Former Corporation Tax Act, the provisions of Article 4, paragraph (2), Article 10 and Article 143 of the Former Corporation Tax Act remain in force. In this case, with regard to the application of the provisions of paragraph (3) of that Article to the income of the foreign corporation for business years starting on or after April 1, 2012, the phrase "22 percent" in that paragraph is deemed to be replaced with "19 percent".

The provisions of Article 4-5, paragraph (2), items (vi) and (vii) of the New Corporation Tax Act apply to the facts listed in those provisions that occur on or after the Effective Date.

①The provisions of Article 10-3 of the New Corporation Tax Act apply in the case where a specified ordinary corporation prescribed in paragraph (1) of that Article comes to fall under the category of a public interest corporation, etc. after the Effective Date.

②With regard to the application of the provisions of Article 10-3 of the New Corporation Tax Act during the period from the Effective Date to the day preceding the date specified in Article 1, item (v) of the Supplementary Provisions, the phrase "among general incorporated associations, general incorporated foundations or medical care corporations," in paragraph (1) of that Article is deemed to be replaced with "among medical care corporations".

①The provisions of Article 13, paragraph (2), item (i) of the New Corporation Tax Act apply in the case where the day specified in that item falls on or after the Effective Date, and with regard to the case where the day specified in Article 13, paragraph (2), item (i) of the Former Corporation Tax Act falls before the Effective Date, the provisions then in force continue to govern.

②The provisions of Article 14, items (xvii), (xviii), (xxi) and (xxii) of the New Corporation Tax Act apply in the case where the facts prescribed in those provisions occur on or after the Effective Date.

The provisions of Article 37, paragraph (5) of the New Corporation Tax Act apply to amounts that a corporation expends on or after the date specified in Article 1, item (v) of the Supplementary Provisions, and with regard to amounts that a corporation expended before that date, the provisions then in force continue to govern.

The provisions of Article 52, paragraph (11) of the New Corporation Tax Act apply in the case where a specified ordinary corporation prescribed in that paragraph comes to fall under the category of a public interest corporation, etc. after the Effective Date.

The provisions of Article 53, paragraph (9) of the New Corporation Tax Act apply in the case where a specified ordinary corporation prescribed in that paragraph comes to fall under the category of a public interest corporation, etc. after the Effective Date.

The provisions of Article 61-2, paragraph (14), item (iii) of the New Corporation Tax Act apply to a resolution of acquisition specified in that item that is adopted on or after the Effective Date, and with regard to a resolution of acquisition specified in Article 61-2, paragraph (14), item (iii) of the Former Corporation Tax Act that was adopted before the Effective Date, the provisions then in force continue to govern.

①The provisions of Article 64 of the New Corporation Tax Act apply to construction work prescribed in paragraph (1) of that Article (excluding transitional construction work) that a corporation starts in a business year starting on or after the Effective Date, and with regard to construction work prescribed in Article 64, paragraph (1) of the Former Corporation Tax Act (including transitional construction work) that a corporation started in a business year that started before the Effective Date, the provisions then in force continue to govern.

②The transitional construction work prescribed in the preceding paragraph means work begun in the case where, in each business year starting during the period from the Effective Date to March 31, 2009, a corporation does not account for any of the construction work that it has contracted for (meaning construction work prescribed in Article 64, paragraph (1) of the New Corporation Tax Act) and starts in that business year (excluding construction work whose subject matter is delivered within that business year; hereinafter referred to as "work begun" in this paragraph) that falls under the category of long-term, large-scale construction work prescribed in paragraph (1) of that Article as of the end of that business year (excluding work begun that falls under the category of long-term, large-scale construction work prescribed in Article 64, paragraph (1) of the Former Corporation Tax Act as of the end of that business year and work begun specified by Cabinet Order as having a low rate of progress) by way of the percentage of completion method specified by Cabinet Order as prescribed in Article 64, paragraph (2) of the New Corporation Tax Act in the final settlement of accounts for that business year (or, when calculating the amount listed in Article 72, paragraph (1), item (i) of the New Corporation Tax Act, in the settlement of accounts for the period prescribed in that paragraph).

①The provisions of Article 64-4 of the New Corporation Tax Act apply in the case where a corporation that is a specified public interest corporation, etc. prescribed in paragraph (1) of that Article comes to fall under the category of an ordinary corporation on or after the Effective Date and in the case where a qualified merger prescribed in paragraph (2) of that Article is effected on or after the Effective Date.

②With regard to the application of the provisions of Article 64-4 of the New Corporation Tax Act during the period from the Effective Date to the day preceding the date specified in Article 1, item (v) of the Supplementary Provisions, the phrase "general incorporated association, general incorporated foundation, or medical care corporation" in paragraph (1) of that Article is deemed to be replaced with "medical care corporation".

The provisions of Article 66 of the New Corporation Tax Act apply to corporation tax on income for business years of a corporation ending on or after the date specified in Article 1, item (v) of the Supplementary Provisions, and with regard to corporation tax on income for business years of a corporation that ended before that date, the provisions then in force continue to govern.

The provisions of Article 81-6, paragraph (4) of the New Corporation Tax Act apply to corporation tax on consolidated income for a consolidated business year of a consolidated corporation set forth in paragraph (1) of that Article for which the consolidated parent corporation's business year prescribed in Article 15-2, paragraph (1) of the New Corporation Tax Act starts on or after the Effective Date, and with regard to corporation tax on consolidated income for a consolidated business year of a consolidated corporation set forth in Article 81-6, paragraph (1) of the Former Corporation Tax Act for which the consolidated parent corporation's business year prescribed in Article 15-2, paragraph (1) of the Former Corporation Tax Act started before the Effective Date, the provisions then in force continue to govern.

The provisions of Article 138, item (iv), (b) of the New Corporation Tax Act apply to interest on bonds that a foreign corporation issues on or after the Effective Date.

The provisions of Article 150, paragraph (2) of the New Corporation Tax Act apply in the case where a public interest corporation, etc. prescribed in that paragraph comes to fall under the category of an ordinary corporation or a cooperative, etc. on or after the Effective Date.

With regard to the application of penal provisions to acts committed before this Act (or, for the provisions set forth in the items of Article 1 of the Supplementary Provisions, those provisions; the same applies hereinafter in this Article) comes into effect and to acts committed after this Act comes into effect in the cases where the provisions then in force continue to govern pursuant to the provisions of these Supplementary Provisions, the provisions then in force continue to govern.

Necessary particulars concerning the application of the provisions of each Act as amended by this Act in the case where the date of promulgation of this Act falls after April 1, 2008 (including the deemed replacement of terms in the provisions of these Supplementary Provisions), and other transitional measures necessary for the smooth enforcement of this Act, are specified by Cabinet Order.

Beyond what is provided for in these Supplementary Provisions, transitional measures necessary in connection with the enforcement of this Act are specified by Cabinet Order.