12- It should he considered that experience indicates that the majority of business enterprises did not pay the maximum excess profits tax and many paid no excess profits tax at all. The new tax table relating to the Tax on Combined Income of Enterprises is attached as Exhibit A. 12. Payment of the Tax on Combined _Income of Enterprises:_ The new law contains the same provisions of the previous law as to the payment of the tax. The tax must be paid at the latest within the three months following the close of the fiscal year, and three provisional payments must be made, within the first 15 days of the fifth, ninth and twelfth months of the current year. These provisional payments are based on the factor of taxable profit of the previous year compared to gross income of such year, applied to the gross income of the current year. Provisional payments are not made during the first year of a company's operations or when there was a loss in the previous year. Upon justifiable request, the Treasury Department may modify the amount of the provisional payments. 13. Calculation of taxes for enterprises with fiscal _years 1964/1965:_ Enterprises with fiscal years that include part of the calendar year 1964 and part, of 1965 shall compute their taxes as follows: a) Taxable, income for the full fiscal year shall be computed in accordance with the provisions of Schedules I, II or III of the law in effect through 1964. b) The combined taxable income will also be determined for the full fiscal year in accordance with the provisions of the new law. c) The taxes under Schedules I, II or III and the tax on combined income of enterprises will be determined separately on the taxable income determined in "a" and "b" above. d) The Schedule I, II or III tax calculated on the taxable income determined in accordance with the provisions in effect in 1964 will be divided by 365 and multiplied by the number of days of the calendar year 1964 which are included in the full fiscal year. e) The tax on combined income, determined in accordance with the provisions in effect for 1965, will also be determined proportionately to the number of days of calendar year 1965 included in the full fiscal year.