Supplementary Provisions, Article 5Transitional Measures Concerning the Calculation of the Maximum Credit for the Foreign Tax Credit

With regard to the application of the provisions of Article 222, paragraph (5) (Calculation of Maximum Credit) of the New Order to an individual who sets aside a reserve for pollution prevention under the provisions of Article 6, paragraph (2) (Transitional Measures Concerning Reserves of Individuals) of the Supplementary Provisions of the Act Partially Amending the Act on Special Measures Concerning Taxation and the Act on Fund for Smooth Management of National Tax Revenue (Act No. 11 of 1978), the phrase "(Reserve for Exploration)" in Article 222, paragraph (5) of the New Order is deemed to be replaced with "(Reserve for Exploration) or Article 6, paragraph (2) (Transitional Measures Concerning Reserves of Individuals) of the Supplementary Provisions of the Act Partially Amending the Act on Special Measures Concerning Taxation and the Act on Fund for Smooth Management of National Tax Revenue (Act No. 11 of 1978)".