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Supplementary Provisions, Article 12Transitional Provisions Concerning Foreign Tax Credit

第十二条(外国税額控除に関する経過規定)

In applying the provisions of Article 224, paragraphs (1) through (3) (Maximum Carry-Over Credit, etc.) or Article 225 (Foreign Income Tax Carried Over, etc.) of the New Order, the unused portion within the maximum creditable amount for national tax, the unused portion within the maximum creditable amount for local taxes, or the amount exceeding the credit limit prescribed in (Meaning of Terms Concerning Foreign Tax Credit) of the Former Order for each year up to and including 1964 are deemed to be, respectively, the unused portion within the maximum creditable amount for national tax, the unused portion within the maximum creditable amount for local taxes, or the amount exceeding the credit limit prescribed in Article 224, paragraphs (4) through (6) of the New Order for each of those years. In this case, of those amounts, the amounts deemed not to exist pursuant to (Calculation of Amounts to Be Added to the Maximum Foreign Tax Credit for National Tax, etc.) or or (Calculation of Amounts of Foreign Income Tax Carried Over for Deduction) of the Former Order are deemed to be amounts deemed not to exist pursuant to Article 224, paragraph (3) or Article 225, paragraph (3) or (4) of the New Order, respectively.

新令第二百二十四条第一項から第三項まで(繰越控除限度額等)又は第二百二十五条(繰越外国所得税額等)の規定を適用する場合において、昭和三十九年以前の各年に係るからまで(外国税額の控除に関する用語の意義)に規定する国税の控除余裕額、地方税の控除余裕額又は控除限度超過額は、それぞれ当該各年に係る新令第二百二十四条第四項から第六項までに規定する国税の控除余裕額、地方税の控除余裕額又は控除限度超過額とみなす。この場合において、これらの金額のうち(国税の外国税控除限度額に加算する金額の計算等)又は若しくは(繰り越して控除される外国所得税の額の計算)の規定によりないものとみなされた金額は、それぞれ新令第二百二十四条第三項又は第二百二十五条第三項若しくは第四項の規定によりないものとみなされたものとする。

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