Supplementary Provisions, Article 10Transitional Measures Concerning the Foreign Tax Credit

The provisions of Article 222 (Calculation of Maximum Credit) and Article 222-2 (Amount of Foreign Income Tax Not Eligible for Foreign Tax Credit) of the Former Order, which are based on the provisions of Article 95 (Foreign Tax Credit) of the 2014 Former Income Tax Act that are to remain in force pursuant to the provisions of Article 7, paragraph (2) (Transitional Measures Concerning Foreign Tax Credit) of the Supplementary Provisions of the 2014 Amendment Act, remain in force. In this case, with regard to the application of Article 222-2, paragraph (3), item (ii) of the Former Order during the period from January 1 to December 31, 2016, the phrase "dividends and similar income" in that item is deemed to be replaced with "dividends and similar income or dividends and similar income on listed shares, etc. in a Minor's account prescribed in Article 9-9, paragraph (1) (Tax Exemption on Dividend Income from Small-Amount Listed Shares, etc. in a Minor's Account) of that Act".