Supplementary Provisions, Article 3Transitional Measures Concerning Special Provisions on Exemption from Tax Liability in the Case of Merger, etc.

①Where a business operator has made a refund, etc. of consideration for sales prescribed in Article 38, paragraph (1) of the Consumption Tax Act as amended by the provisions of Article 2 of the Amending Act (hereinafter referred to as the "New Act") with respect to taxable transfers, etc. of assets (meaning taxable transfers, etc. of assets prescribed in Article 2, paragraph (1), item (ix) of the Consumption Tax Act; the same applies hereinafter) made in Japan before the Effective Date, the provisions then in force continue to govern the calculation of the taxable sales in each business year prescribed in Article 22, paragraph (1) of the New Order and the taxable sales in the specified business year prescribed in Article 23, paragraph (4) of the New Order relating to that refund, etc. of consideration for sales.

②Where a person subject to determination prescribed in Article 25-4, paragraph (1) of the New Order has made a refund, etc. of consideration for sales prescribed in Article 38, paragraph (1) of the New Act with respect to taxable transfers, etc. of assets made in Japan before the Effective Date, then, in the calculation of the taxable sales in the period corresponding to the base period prescribed in Article 25-4, paragraph (1) of the New Order relating to that refund, etc. of consideration for sales, the phrase "80/63" in item (ii) of that paragraph is deemed to be replaced with "125/100".