Order for Enforcement of the Income Tax Act

Where notice has been given under the provisions of Article 10, paragraph (5) (Nontaxability of Interest Income from Small Amounts of Deposits Held by Persons with Disabilities and Other Eligible Persons) of the Act, the head of the business office of a financial institution or other such place must state or record, in the statement of tax-exempt savings or declaration of change to the tax-exempt savings limit pertaining to that notice (including an electronic or magnetic record recording the matters to be stated in that statement of tax-exempt savings or declaration of change to the tax-exempt savings limit that have been provided by electronic or magnetic means; the same applies hereinafter in this paragraph), the fact that the matters notified have been confirmed and other matters specified by Ministry of Finance Order. In this case, where the name, date of birth, address, and individual number of that person and the fact of falling under a Person with a Disability or other eligible person that are stated or recorded in that statement of tax-exempt savings or declaration of change to the tax-exempt savings limit differ from the name, date of birth, address, and individual number and the fact of falling under a Person with a Disability or other eligible person that have been notified, the head of the business office of the financial institution or other such place must not state or record the fact that that confirmation has been made.

When the head of the business office of a financial institution or other such place states, pursuant to the preceding paragraph, in a statement of tax-exempt savings or declaration of change to the tax-exempt savings limit the fact that confirmation has been made, the head must state or record the fact that the confirmation has been noted in the copy of those statements prepared pursuant to Article 48, paragraph (4) (Organization and Retention, etc. of Books and Documents Concerning Tax-Exempt Savings at Business Offices of Financial Institutions or Other Such Places) (including an electronic or magnetic record recording the matters to be stated in those statements).

The statements of tax-exempt savings specified by Cabinet Order prescribed in Article 10, paragraph (7) (Nontaxability of Interest Income from Small Amounts of Deposits Held by Persons with Disabilities and Other Eligible Persons) of the Act are the following:

Where the business office of a financial institution or other such place via which a statement of tax-exempt savings already submitted was submitted is a business office or office of one of the following financial institutions (referred to in the following paragraph as the "office of a trust bank, etc."), a statement of tax-exempt savings submitted for deposits and similar savings of a type other than that stated in that statement among deposits and similar savings:

A financial institution that engages, pursuant to the Act on Engagement in Trust Business by Financial Institutions (Act No. 43 of 1943), in the trust business prescribed in Article 1, paragraph (1) (Authorization of Concurrent Business) of that Act, being a financial institution prescribed in that paragraph, a long term credit bank prescribed in Article 2 (Definitions) of the Long Term Credit Bank Act, an ordinary bank prescribed in Article 8, paragraph (1) (Issuance of Specified Corporate Bonds) of the Act on Financial Institutions' Merger and Conversion that has received the authorization under that paragraph (including as applied mutatis mutandis pursuant to Article 55, paragraph (4) (Conversion of Long Term Credit Banks into Ordinary Banks) of that Act), a federation of Shinkin banks whose district is the whole country as prescribed in Article 54-2-4, paragraph (1) (Issuance of Federation Bonds of National Scope) of the Shinkin Bank Act that has received the authorization under paragraph (3) of that Article, the Norinchukin Bank, or Shoko Chukin Bank, Ltd.;

A bank, Shinkin bank, federation of Shinkin banks, labor bank, federation of labor banks, credit cooperative, federation of credit cooperatives, agricultural cooperative, federation of agricultural cooperatives, fishery cooperative, federation of fishery cooperatives, fishery processing cooperative, or federation of fishery processing cooperatives that has received the registration under Article 33-2 (Registration of Financial Institutions) of the Financial Instruments and Exchange Act (excluding those that fall under the financial institutions listed in (a));

Where a notice of discontinuance of tax-exempt savings prescribed in Article 45, paragraph (1) (Notice of Discontinuance of Tax-Exempt Savings) has already been submitted or is deemed to have been submitted pursuant to paragraph (4) of that Article, a statement of tax-exempt savings submitted again, via the business office of a financial institution or other such place referred to in paragraph (1) or (5) of that Article, for deposits and similar savings of the type pertaining to that notice.

With regard to the application of Article 10, paragraph (3) of the Act and Article 41, paragraph (1) (Declaration of Change to the Tax-Exempt Savings Limit) to a statement of tax-exempt savings submitted via the office of a trust bank, etc., in Article 10, paragraph (3), item (iii) of the Act, the phrase "Deposits or Savings, Jointly Managed Trust, specific form of Bond-Based Investment Trust Under Public Offering, or Securities" is deemed to be replaced with "for each of Deposits or Savings, Jointly Managed Trust, specific form of Bond-Based Investment Trust Under Public Offering, or Securities"; in item (iv) of that paragraph, the phrase "via which the person has already submitted" is deemed to be replaced with "via which, or via the business office of that financial institution or other such place, the person has already submitted" and the phrase "any other business office of a financial institution or other such place" is deemed to be replaced with "the business office of that financial institution or other such place and any other business office of a financial institution or other such place"; and in Article 41, paragraph (1), item (vii), the phrase "the business office of another financial institution or other such place" is deemed to be replaced with "the business office of that financial institution or other such place or the business office of another financial institution or other such place".