Supplementary Provisions, Article 5Transitional Measures Concerning Income from Assets in Japan, etc.

The provisions of Article 280, paragraph (2), items (ii) through (iv) (Income from Assets in Japan) and Article 291, item (iii) (Taxable Income of Nonresidents without a Permanent Establishment) (limited to the portions pertaining to the income listed in Article 37-5, paragraph (1), item (i) or (ii) (Special Provisions for Taxation of Income from Transfer of Securities) of the Act on Special Measures Concerning Taxation (Act No. 26 of 1957)) of the New Order apply, where income relating to a transfer of shares or equity interests prescribed in item (i) of that paragraph, or a purchase and sale of shares prescribed in item (ii) of that paragraph, made on or after the Effective Date falls under the income listed in item (i) or (ii) of that paragraph, to the income relating to that transfer of shares or equity interests, or that purchase and sale of shares, made on or after the Effective Date, and the provisions then in force continue to govern income relating to a transfer of shares or equity interests prescribed in item (i) of that paragraph, or a purchase and sale of shares prescribed in item (ii) of that paragraph, made before the Effective Date.