Supplementary Provisions, Article 7Transitional Measures Concerning Special Provisions on the Time of Transfers, etc. of Assets by Corporations Equivalent to the National Government or Local Governments

①The provisions of Article 7 of the Supplementary Provisions of the Amending Act apply mutatis mutandis to the transfers, etc. of assets or purchases set out in the items of Article 16, paragraph (1) of the Supplementary Provisions of the Amending Act that a corporation set out in Appended Table 3 of the New Act to which Article 60, paragraph (3) of the New Act applies made before the Effective Date. In this case, the phrase "an individual business operator under Article 18, paragraph (1) of the New Act" in Article 7 of the Supplementary Provisions of the Amending Act is deemed to be replaced with "a corporation set out in Appended Table 3 of the New Act to which Article 60, paragraph (3) of the New Act applies", the phrase "the day on which the amount of consideration was received as revenue" with "the last day of the taxable period in which the consideration is to be received", the phrase "the day on which the amount of costs was paid" with "the last day of the taxable period in which the costs are to be paid", and the phrase "Articles 30 through 36" with "Articles 30 through 36 and Article 60, paragraphs (4) and (5)".

②The provisions of Article 16, paragraph (2) of the Supplementary Provisions of the Amending Act apply mutatis mutandis where a corporation set out in Appended Table 3 of the New Act to which Article 60, paragraph (3) of the New Act applies has taken foreign goods (limited to those that fall under the foreign goods set out in Appended Table 2, items (vi) and (vii) of the New Act) out of a bonded area before the Effective Date.