①If, with respect to a taxable transfer, etc. of assets made before the application date by the national government or a local government to which the provisions of Article 60, paragraph (2) (Special Provisions for the National Government, Local Governments, etc.) of the Consumption Tax Act apply, the last day of the fiscal year in which the consideration for that taxable transfer, etc. of assets is to be received is on or after the application date, the consumption tax on that taxable transfer, etc. of assets is at the rate prescribed in Article 29 (Tax Rates) of the Former Consumption Tax Act.

②The provisions of Article 10, paragraph (6) of the Supplementary Provisions apply mutatis mutandis to the case where the provisions of the preceding paragraph apply.

③If, with respect to a taxable purchase made before the application date by the national government or a local government to which the provisions of Article 60, paragraph (2) of the Consumption Tax Act apply, the last day of the fiscal year in which the expense of that taxable purchase is to be paid is on or after the application date, the provisions then in force continue to govern the deduction, etc. of consumption tax on purchases for that taxable purchase under the provisions of Articles 30 through 36 (Deduction, etc. of Amount of Consumption Tax on Purchases) of the New Consumption Tax Act and Article 60, paragraphs (4) and (5) of the New Consumption Tax Act.

④Transitional measures concerning a taxable transfer, etc. of assets and a taxable purchase made before the application date by a corporation prescribed in Article 60, paragraph (3) of the Consumption Tax Act to which the provisions of that paragraph apply are specified by Cabinet Order, in accordance with the provisions of the preceding three paragraphs.