Supplementary Provisions, Article 9Transitional Provisions Concerning Deduction for Carryover of Net Loss Amounts Pertaining to Losses on Business Assets Affected by Disaster, etc.

In applying the provisions of Article 202 (Net Loss Amounts Pertaining to Losses on Business Assets Affected by Disaster, etc.) of the New Order, if part of the Net Loss prescribed in that Article is an amount deducted in the calculation of gross income, the amount of retirement income, or the amount of timber income for each year pursuant to Article 9-4, paragraph (3) (Deduction for Carryover of Losses on Business Assets Affected by Disaster, etc.) of the Former Act, the amount obtained by deducting that amount from the amount up to reaching the amount of losses prescribed in Article 202 of the New Order is the amount up to reaching that amount of losses.