Order for Enforcement of the Income Tax Act

A person who receives, in Japan, payment of interest and similar income prescribed in Article 224, paragraph (1) (Notice by Recipients of Interest, Dividends, and Similar Income) of the Act (hereinafter referred to as "interest and similar income" in this Article) or dividends and similar income prescribed in that paragraph (hereinafter referred to as "dividends and similar income" in this Article) (excluding public corporations, etc.; the same applies hereinafter in this Article) must, by the date on which payment of that interest and similar income or those dividends and similar income is finalized, and each time it is finalized, give notice of the person's name or title, address (for a person with no address in Japan, the place specified by Ministry of Finance Order prescribed in that paragraph; the same applies hereinafter through Article 338 (Confirmation by the Head of the business office of a Savings Institution, etc.)), and individual number or corporate number (for a person with neither an individual number nor a corporate number, or a person falling under the provisions of paragraph (4) (referred to as a "person who has already notified the individual number" in Article 338, paragraphs (1) and (2)), the name or title and address; the same applies in the following paragraph), to the head of the business office, office, or any similar place of the person who makes the payment of that interest and similar income or those dividends and similar income that handles that payment (including a person listed in paragraph (5), item (i); hereinafter referred to as the "person handling payments" in this Article).

When a person who receives payment of interest and similar income or dividends and similar income falls under any of the cases listed in the following items, that person is deemed to have given the notice under the provisions of the preceding paragraph for the interest and similar income or dividends and similar income specified in the relevant item that the person receives.

where a person who receives payment of interest and similar income or dividends and similar income (limited to distributions of proceeds from Investment Trusts prescribed in Article 24, paragraph (1) (Dividend Income) of the Act (excluding the specified stock Investment Trusts and specified real estate Investment Trusts prescribed in item (v)) and from Specified Trusts That Issue Beneficiary Certificates; the same applies hereinafter through item (iv)) makes a placement, trust, or purchase (hereinafter referred to as "placement" in this Article) of Deposits and Savings, Jointly Managed Trusts (excluding Loan Trusts), public and corporate bonds, or beneficial interests in Loan Trusts, Investment Trusts, or Specified Trusts That Issue Beneficiary Certificates (hereinafter referred to as "deposits and similar savings" in this Article) that give rise to that interest and similar income or those dividends and similar income, at the business office, office, or any similar place (hereinafter referred to as the "business office or similar place" in this Article and Article 339) of a bank, trust company, or other person specified by Ministry of Finance Order (hereinafter referred to as a "financial institution" in this Article and Article 339 (Submission, etc. of Paper-Based Notices for Interest and Similar Income from Bearer Public and Corporate Bonds)), and, at the time of that placement, gives notice of the person's name or title, address, and individual number or corporate number to the head of the business office or similar place of the financial institution at which the placement is made: the interest and similar income or dividends and similar income on those deposits and similar savings

where a person who receives payment of interest and similar income or dividends and similar income makes a placement of deposits and similar savings under a contract by which the person agrees to make placements of deposits and similar savings repeatedly at the business office or similar place of a financial institution, or under any other contract specified by Ministry of Finance Order, and, at the time of the first placement under that contract, gives notice of the person's name or title, address, and individual number or corporate number to the head of the business office or similar place of that financial institution: the interest and similar income or dividends and similar income on the deposits and similar savings placed under that contract

where a person who receives payment of interest and similar income or dividends and similar income, at the time of having an account opened, at the business office or similar place of a financial institution, in the transfer account book kept by the financial institution pursuant to the provisions of the Act on Book-Entry Transfer of Corporate Bonds and Shares or in the transfer account book kept pursuant to the provisions of that Act by a transfer institution, etc. other than that financial institution through the business office or similar place of the financial institution (meaning a transfer institution, etc. prescribed in Article 2, paragraph (5) (Definitions) of that Act, and including a person deemed to be a transfer institution prescribed in paragraph (2) of that Article pursuant to the provisions of Article 48 (Special Provisions Where the Bank of Japan Engages in Business Relating to Book-Entry Transfer of Government Bonds) of that Act), gives notice of the person's name or title, address, and individual number or corporate number to the head of the business office or similar place of that financial institution: the interest and similar income or dividends and similar income on the deposits and similar savings entered or recorded in that transfer account book for that account

where a person who receives payment of interest and similar income or dividends and similar income has acquired, by transfer, inheritance, or other means, deposits and similar savings that give rise to that interest and similar income or those dividends and similar income (excluding negotiable deposits prescribed in Article 224-2 (Notice of the Transfer of Negotiable Deposits) of the Act), and, at the time of requesting a change of name or rewriting of the certificate, security, or any similar document for those deposits and similar savings (including, where the consent of the person accepting those deposits and similar savings is required for the transfer, a request for that consent), gives notice of the person's name or title, address, and individual number or corporate number to the head of the business office or similar place of the financial institution that handles the request for the change of name or rewriting: the interest and similar income or dividends and similar income on those deposits and similar savings

where a person who receives payment of dividends and similar income from a specified stock Investment Trust (meaning, among Securities Investment Trusts whose purpose is to manage trust property solely as investment in shares, one that meets the requirements that the Investment Trust deed for an Investment Trust managed under instructions from the settlor prescribed in Article 4, paragraph (1) (Conclusion of Investment Trust Contracts) of the Act on Investment Trusts and Investment Corporations (or, where that Securities Investment Trust is a foreign Investment Trust prescribed in Article 2, paragraph (24) (Definitions) of that Act, a document similar to that Investment Trust deed for an Investment Trust managed under instructions from the settlor) provides for the matters listed in (a) through (d), that its beneficial interests are listed on a financial instruments exchange (meaning a financial instruments exchange prescribed in Article 2, paragraph (16) (Definitions) of the Financial Instruments and Exchange Act; the same applies hereinafter in this item), and other requirements specified by Ministry of Finance Order; the same applies hereinafter in this item and Article 339, paragraph (8)) or from a specified real estate Investment Trust (meaning, among Investment Trusts other than Securities Investment Trusts that do not fall under Bond-Based Investment Trusts, one that meets the requirements that the Investment Trust deed of the Investment Trust (meaning the Investment Trust deed for an Investment Trust managed under instructions from the settlor prescribed in Article 4, paragraph (1) of the Act on Investment Trusts and Investment Corporations or the Investment Trust deed for an Investment Trust not managed under instructions from the settlor prescribed in Article 49, paragraph (1) (Conclusion of Investment Trust Contracts) of that Act) provides for the matters listed in (b), (c), and (e), that its beneficial interests are listed on a financial instruments exchange, and other requirements specified by Ministry of Finance Order; the same applies hereinafter in this item and Article 339, paragraph (8)) registers, as specified by Ministry of Finance Order, the person's name or title, address, and individual number or corporate number with the person handling payments of those dividends and similar income as a person who is to receive payment of those dividends and similar income, and, at the time of that registration, gives notice of the person's name or title, address, and individual number or corporate number to that person handling payments or to the head of the business office or similar place of the financial institution that relays that registration: the dividends and similar income of the specified stock Investment Trust or specified real estate Investment Trust under that registration

the trust contract has no trust contract period (where the Investment Trust is a foreign Investment Trust prescribed in Article 2, paragraph (24) of the Act on Investment Trusts and Investment Corporations that falls under a Securities Investment Trust (hereinafter referred to as a "foreign Securities Investment Trust" in this item), the trust contract has no trust contract period, or a trust contract period (limited to a period specified by Ministry of Finance Order) is fixed pursuant to the laws and regulations of the country in which that foreign Securities Investment Trust was established);

the beneficial interests of the Investment Trust are to be listed on a financial instruments exchange (where the Investment Trust is a foreign Securities Investment Trust, its beneficial interests are to be listed on a foreign financial instruments market prescribed in Article 2, paragraph (8), item (iii), (b) of the Financial Instruments and Exchange Act);

a beneficiary may not request a partial cancellation of the trust contract during the trust contract period with regard to the beneficial interests the beneficiary holds (excluding beneficial interests that the trustee of the Securities Investment Trust purchased pursuant to a request under Article 18, paragraph (1) (Request for Purchase of Beneficial Interests by Dissenting Beneficiaries) of the Act on Investment Trusts and Investment Corporations from a beneficiary who opposed a material change, etc. of the deed prescribed in Article 17, paragraph (1), item (ii) (Changes, etc. of Investment Trust Deeds) of that Act);

the trust property is invested in shares of the issues included in a specific stock price index (meaning an index that comprehensively represents the price level of many issues of shares listed on a financial instruments exchange market prescribed in Article 2, paragraph (17) of the Financial Instruments and Exchange Act or a foreign financial instruments market prescribed in paragraph (8), item (iii), (b) of that Article), and is managed with the aim of making the rate of change in net assets per unit of beneficial interest of the trust property match the rate of change in that specific stock price index;

the ratio specified by Ministry of Finance Order as the ratio of the value of real estate and other such property (meaning real property listed in Article 3, item (iii) (Scope of Specified Assets) of the Order for Enforcement of the Act on Investment Trusts and Investment Corporations (Cabinet Order No. 480 of 2000), the right of lease of real property listed in item (iv) of that Article, superficies listed in item (v) of that Article, and other assets specified by Ministry of Finance Order (hereinafter referred to as "real property, etc. assets" in this item), and, among the Securities listed in item (i) of that Article, beneficial interests listed in Article 2, paragraph (2), item (i) of the Financial Instruments and Exchange Act that relate to a trust holding only real property, etc. assets) to the total amount of the trust property is to be 70 percent or more;

where a person who receives payment of dividends and similar income (excluding distributions of proceeds from Investment Trusts and Specified Trusts That Issue Beneficiary Certificates prescribed in Article 24, paragraph (1) of the Act; the same applies hereinafter in this paragraph) has acquired, by making payment for them, shares that give rise to those dividends and similar income (including investment units prescribed in Article 2, paragraph (14) of the Act on Investment Trusts and Investment Corporations) or equity interests of members, association members, partners, or other investors in a corporation (including anything similar; hereinafter referred to as "shares, etc." in this Article), or has acquired shares, etc. by purchase, inheritance, or other means, and, at the time of that acquisition by payment or at the time of requesting a change of name or rewriting of those shares, etc., gives notice of the person's name or title, address, and individual number or corporate number to the person handling payments of dividends and similar income on those shares, etc.: the dividends and similar income on those shares, etc.;

where a person who receives payment of dividends and similar income, at the time of having an account opened, at the business office or similar place of a financial institution, in the transfer account book kept by the financial institution pursuant to the provisions of the Act on Book-Entry Transfer of Corporate Bonds and Shares or in the transfer account book kept pursuant to the provisions of that Act by a transfer institution, etc. other than that financial institution through the business office or similar place of the financial institution (meaning a transfer institution, etc. prescribed in Article 2, paragraph (5) of that Act), gives notice of the person's name or title, address, and individual number or corporate number to the head of the business office or similar place of that financial institution: the dividends and similar income on the shares, etc. entered or recorded in that transfer account book for that account.

In the case referred to in the preceding paragraph, when a person who receives payment of the interest and similar income or dividends and similar income specified in the items of that paragraph comes to fall under a case listed in the following items after giving the notice under the items of that paragraph, that person must, by the date on which payment of that interest and similar income or those dividends and similar income is first finalized on or after the day on which the person came to fall under that case, give notice of the matters specified in each item according to the category of cases listed in that item to the person handling payments for that interest and similar income or those dividends and similar income, or to the head of the business office or similar place of the financial institution listed in paragraph (5), item (ii). The same applies where, after giving that notice, the person again comes to fall under a case listed in item (i) or item (ii).

where the person has changed the person's name or title or address: the person's name or title, address and corporate number after the change (if the person is an individual, the person's name and address after the change);

where the person has changed the person's individual number: the person's name, address and individual number after the change;

where an individual number or corporate number has been notified for the first time pursuant to the provisions of the Act on the Use of Numbers to Identify a Specific Individual in Administrative Procedures: the person's name or title, address and individual number or corporate number after receiving that notification.

The persons specified by Cabinet Order prescribed in Article 224, paragraph (1) of the Act are to be the persons receiving payment (excluding a person whose name or title, address, or individual number or corporate number differs from the person's name or title, address, or individual number or corporate number entered in the ledger) in the case where the person handling payments of the interest and similar income or dividends and similar income (including the head of the business office or similar place of a financial institution listed in item (ii) of the following paragraph; hereinafter referred to as the "head of the business office of a savings institution, etc." in the following Article and Article 338) keeps, as specified by Ministry of Finance Order, a ledger in which the name or title, address, individual number or corporate number, and other matters of the person receiving payment of that interest and similar income or those dividends and similar income are entered (limited to one prepared upon being presented by the person with any of the documents specified in the items of paragraph (2) of the following Article, upon being sent the person's electronic certificate for signature or similar record prescribed in Article 224, paragraph (1) of the Act (hereinafter referred to as an "electronic certificate for signature or similar record" in this Part), or upon receiving a specified notice, etc. concerning the person (meaning a notice under Article 5, paragraph (3) (Notification of Individual Numbers by the Deposit Insurance Corporation of Japan) of the Act on the Management, etc. of Deposit and Savings Accounts through the Use of Individual Numbers Based on the Intent of Depositors and Savers (Act No. 39 of 2021) and any other notice or provision specified by Ministry of Finance Order; the same applies hereinafter in this Part), or making the confirmation under the provisions of paragraph (4) of the following Article).

The persons specified by Cabinet Order as equivalent to the persons who make payment of the interest and similar income or dividends and similar income prescribed in Article 224, paragraph (1) of the Act are to be the following persons:

the persons who handle the payment prescribed in Article 225, paragraph (1), items (i) and (ii) (Payment Reports) of the Act, and persons other than those persons who handle the payment that fall under a person receiving payment of interest and similar income or dividends and similar income prescribed in Article 228, paragraph (1) (Report on Dividend Income Received by the Person of Record) of the Act;

the head of the business office or similar place of the financial institution at which the placement under paragraph (2), item (i) or item (ii) is made, the head of the business office or similar place of the financial institution in item (iii) of that paragraph related to the account prescribed in that item, the head of the business office or similar place of the financial institution that handles the request for the change of name or rewriting prescribed in item (iv) of that paragraph, the head of the business office or similar place of the financial institution that relays the registration prescribed in item (v) of that paragraph, or the head of the business office or similar place of the financial institution in item (vii) of that paragraph related to the account prescribed in that item, in the case where that head does not fall under a person handling payments of the interest and similar income or dividends and similar income on the deposits and similar savings prescribed in those provisions.

Where interest and similar income or dividends and similar income is subject to the provisions of Article 10, paragraph (1) (Nontaxability of Interest Income from Small Amounts of Deposits Held by Persons with Disabilities and Other Eligible Persons), Article 11, paragraph (2) (Nontaxation Related to Public Interest Trusts, etc.), Article 176, paragraph (1) or (2) (Special Provisions on Taxation of Interest and Similar Income from Trust Property), Article 177 (Special Provisions on Taxation of Dividends and Similar Income Related to Shares, etc. of Wholly Owned Subsidiaries), or Article 180-2, paragraph (1) or (2) (Special Provisions on Taxation of Interest and Similar Income from Trust Property) of the Act, or to the provisions of Article 4, paragraph (1) (Tax Exemption on Interest on Small Public Bonds of Persons with a Disability or Other Eligible Persons), Article 4-2, paragraph (1) (Tax Exemption on Interest Income, etc. on Wage Earners' Asset-Building Housing Savings), Article 4-3, paragraph (1) (Tax Exemption on Interest Income, etc. on Wage Earners' Asset-Building Pension Savings), Article 4-5, paragraph (1) (Tax Exemption on Interest Income of Specified Donation Trusts), Article 8, paragraphs (1) through (3) (Non-Application of Withholding at the Source to Interest Income, etc. Received by Financial Institutions), Article 9-4 (Special Provisions on Taxation on Interest and Similar Income Pertaining to Managed Assets, etc. of Certain Investment Corporations, etc.), Article 9-4-2, paragraph (1) (Special Provisions on Taxation on Redemption Money or a Similar Asset of Listed Securities Investment Trusts, etc.), or Article 9-5, paragraph (1) (Special Provisions on Withholding on Distributions of Proceeds Received by a Financial Instruments Business Operator or Similar Institution That Has Purchased Beneficial Interests in Publicly Offered Stock, etc. Securities Investment Trusts) of the Act on Special Measures Concerning Taxation, the notice under the provisions of paragraph (1) is not required for that interest and similar income or those dividends and similar income.