①The amount of income tax to be deducted pursuant to the provisions of Article 180-2, paragraph (3) (Special Provisions on Taxation of Interest and Similar Income from Trust Property) of the Act is to be deducted from the amount of income tax to be collected and paid when a Foreign Corporation collects income tax pursuant to the provisions of Article 181 (Obligation to Withhold Taxes) or Article 212 (Obligation to Withhold Taxes) of the Act with regard to a distribution of proceeds of a group investment trust (meaning a group investment trust prescribed in Article 176, paragraph (3) (Special Provisions on Taxation of Interest and Similar Income from Trust Property) of the Act; the same applies hereinafter in this Article) prescribed in Article 180-2, paragraph (3) of the Act (limited to one that corresponds to the calculation period for distribution of proceeds that includes the day on which that income tax was paid; in the case where the trust property concerning the payment pertains to a Securities Investment Trust established for the purpose of allowing beneficial interests thereof to be acquired by the trustee of another Securities Investment Trust, which is specified by Ministry of Finance Order prescribed in Article 300, paragraph (2) (Special Provisions on Taxation of Interest and Similar Income from Trust Property) (hereinafter in this paragraph and paragraph (7) referred to as a "Securities Investment Trust for acquisition by a trustee"), it refers to a distribution of proceeds of a Securities Investment Trust other than a Bond Investment Trust that is established for the purpose of managing the trust property as an investment in the beneficial interests of that Securities Investment Trust for acquisition by a trustee (referred to in paragraph (7) as a "Securities Investment Trust investing in beneficial interests")).

②The provisions of Article 300, paragraphs (3) and (4) apply mutatis mutandis to the case where the amount of income tax is deducted pursuant to the provisions of Article 180-2, paragraph (3) of the Act. In this case, the phrase "Article 176, paragraph (3) (" in Article 300, paragraph (4) is deemed to be replaced with "Article 180-2, paragraph (3) (", the phrase "Article 300, paragraph (2)" with "Article 306-2, paragraph (1)", the phrase "pursuant to the provisions of Article 176, paragraph (3)" with "pursuant to the provisions of Article 180-2, paragraph (3)", the phrase "paragraph (1) of Article 300" with "Article 300, paragraph (1) (Special Provisions on Taxation of Interest and Similar Income from Trust Property)", the phrase "paragraph (2) of that Article" with "Article 306-2, paragraph (1)", the phrase "without the deduction under the provisions of Article 176, paragraph (3)" with "without the deduction under the provisions of Article 180-2, paragraph (3)", and the phrase "paragraph (9) of Article 300" with "paragraph (7) of Article 306-2".

③A Foreign Corporation that has undertaken a group investment trust must, where income tax prescribed in Article 180-2, paragraph (3) of the Act has been imposed on the trust property of that group investment trust, preserve, as provided by Ministry of Finance Order, documents certifying that the amount of income tax has been imposed and any other documents specified by Ministry of Finance Order.

④A Foreign Corporation that has undertaken a group investment trust (including a trustee of a trust prescribed in Article 227 (Trust Accounting Statements) of the Act and a person that falls under a person who receives 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 (hereinafter in paragraphs (4) through (6) referred to as a "quasi-payer")) must, in the case where it pays in Japan to an individual a distribution of proceeds of that group investment trust (excluding general interest and similar income prescribed in Article 3, paragraph (1) (Separate Taxation on Interest Income) of the Act on Special Measures Concerning Taxation to which the provisions of that paragraph have been applied; the same applies hereinafter in this paragraph and the following paragraph), if there is an amount of notified foreign income tax relating to the distribution of proceeds for which payment has been finalized, notify that individual in writing of the amount of the notified foreign income tax and other matters specified by Ministry of Finance Order within one month from the day on which the payment was finalized (for a notice relating to a distribution of proceeds on a bearer beneficiary certificate of an Investment Trust or a Specified Trust That Issues Beneficiary Certificates, the day on which the payment was made) (within 45 days where a quasi-payer gives the notice).

⑤The Foreign Corporation prescribed in the preceding paragraph must, where it prepares the written notice set forth in that paragraph on the basis of the sum of the amounts of distributions of proceeds paid to the same person during the year, notwithstanding the provisions of that paragraph, notify the individual set forth in that paragraph in writing of the amount of notified foreign income tax relating to those distributions of proceeds and other matters specified by Ministry of Finance Order by January 31 of the year following the year that includes the day on which payment was finalized prescribed in that paragraph (by February 15 of the same year where a quasi-payer gives the notice).

⑥A Foreign Corporation that has undertaken a group investment trust (including a quasi-payer) must, in the case where it pays in Japan to a corporation a distribution of proceeds of that group investment trust, if there is an amount of notified foreign income tax relating to the distribution of proceeds for which payment has been finalized, notify that corporation in writing of the amount of the notified foreign income tax and other matters specified by Ministry of Finance Order within one month from the day on which the payment was finalized (for a notice relating to a distribution of proceeds on a bearer beneficiary certificate of an Investment Trust or a Specified Trust That Issues Beneficiary Certificates, the day on which the payment was made) (within 45 days where a quasi-payer gives the notice).

⑦The amount of notified foreign income tax prescribed in the preceding three paragraphs means the amount calculated by multiplying the amount of foreign income tax prescribed in Article 300, paragraph (1) that is to be deducted, pursuant to the provisions of Article 180-2, paragraph (3) of the Act, from the amount of income tax relating to the distribution of proceeds prescribed in paragraph (1) of the group investment trust set forth in the preceding three paragraphs, by the proportion that the amount of the distributions of proceeds received by the individual or corporation set forth in the preceding three paragraphs bears to the total amount of the distributions of proceeds of that group investment trust prescribed in paragraph (1) (limited to the portion for which income tax is to be collected pursuant to the provisions of Article 181 or Article 212 of the Act (excluding the portion corresponding solely to what is listed in Article 9, paragraph (1), item (xi) (Nontaxable Income) of the Act); the same applies hereinafter in this paragraph) (where that amount exceeds the amount calculated by multiplying the amount of income tax relating to that distribution of proceeds, calculated without the deduction under the provisions of Article 180-2, paragraph (3) of the Act, by the proportion that the amount of assets denominated in foreign currency (meaning shares, bonds and other assets expressed in foreign currency) managed in the trust property of the group investment trust relating to that distribution of proceeds (where that group investment trust is a Securities Investment Trust investing in beneficial interests, the trust property of the Securities Investment Trust for acquisition by a trustee relating to that Securities Investment Trust investing in beneficial interests; the same applies hereinafter in this paragraph), calculated as of the last day of the calculation period of that distribution of proceeds, bears to the total amount of that trust property (hereinafter in this paragraph referred to as the "foreign currency asset ratio"), the amount calculated by multiplying by that foreign currency asset ratio).

⑧A Foreign Corporation prescribed in paragraphs (4) through (6) may, in lieu of the notice in writing under those provisions, with the consent of the individual or corporation set forth in those provisions, provide the matters to be stated in the writing by electronic or magnetic means (meaning a method using an electronic data processing system or other method using information and communications technology that is specified by Ministry of Finance Order; the same applies in paragraphs (10) and (11)). However, if the individual or corporation so requests, the Foreign Corporation must notify that individual or corporation in that writing.

⑨In the case of the main clause of the preceding paragraph, the Foreign Corporation prescribed in that paragraph is deemed to have given the notice under the provisions of paragraphs (4) through (6).

⑩A Foreign Corporation prescribed in paragraph (8) must, when seeking to provide the individual or corporation set forth in that paragraph with the matters to be stated in writing pursuant to the provisions of the main clause of that paragraph, as provided by Ministry of Finance Order, indicate to that individual or corporation in advance the type and content of the electronic or magnetic means to be used, and obtain consent in writing or by electronic or magnetic means.

⑪A Foreign Corporation prescribed in the preceding paragraph that has obtained consent pursuant to the provisions of that paragraph must not, where the individual or corporation set forth in that paragraph has notified it in writing or by electronic or magnetic means that it will not receive provision by electronic or magnetic means under the provisions of the main clause of paragraph (8), provide that individual or corporation with the matters to be stated in the writing set forth in that paragraph by electronic or magnetic means. However, this does not apply if that individual or corporation has given consent again pursuant to the provisions of the preceding paragraph.

⑫With regard to the Foreign Corporation prescribed in paragraphs (4) through (6) that pays the distribution of proceeds prescribed in those provisions, and the individual and corporation set forth in those provisions that receive payment of that distribution of proceeds, where the provisions of Article 225, paragraph (2) (Payment Reports and Notice of Payment) of the Act or the provisions of Article 8-4, paragraphs (4) through (7) (Special Provisions on Taxation on Dividend Income, etc. on Listed Shares, etc.) of the Act on Special Measures Concerning Taxation apply to the part relating to that distribution of proceeds, the provisions of paragraphs (4) through the preceding paragraph do not apply to the part relating to the distribution of proceeds to which that application has been made.