Supplementary Provisions

This Cabinet Order comes into effect as of April 1, 1999; provided, however, that the provisions listed in the following items come into effect as of the day specified in the respective items.

Except as otherwise provided, the provisions of the Order for Enforcement of the Income Tax Act after amendment (hereinafter referred to as the "New Order") apply to income tax for tax year 1999 and thereafter, and the provisions then in force continue to govern income tax for tax year 1998 and earlier.

The provisions of Article 43, paragraph (3) (Notice of Change Concerning Tax-Exempt Savings) of the New Order apply where the whole of the administrative work relating to the specified Securities prescribed in that paragraph is transferred, on or after the day of enforcement of this Cabinet Order (hereinafter referred to as the "Effective Date"), to the business office or similar place receiving the transfer prescribed in that paragraph.

The provisions of Article 51-2, paragraph (1) (Custody or Registration of Securities Relating to Public and Corporate Bonds, etc.) of the New Order apply to interest on public and corporate bonds, etc. prescribed in Article 11, paragraph (1) or (2), or paragraph (3) of that Article (Nontaxation of Public Corporations, etc. and Public Interest Trusts) of the Income Tax Act that a Domestic Corporation or Foreign Corporation prescribed in those provisions or a public interest trust receives, for which the first day of the calculation period is on or after January 1, 2001, and the provisions then in force continue to govern those for which the first day of the calculation period is before January 1, 2001.

Article 73 (Requirements for Specified Retirement Allowance Mutual Aid Organizations) of the New Order applies to the case where approval under paragraph (1) of that Article (including approval of a change under Article 74, paragraph (5) (Approval of Specified Retirement Allowance Mutual Aid Organizations) of the New Order) is received on or after the Effective Date.

Article 217, paragraph (1), item (iii) (Scope of Corporations That Contribute Significantly to the Promotion of the Public Interest) of the New Order applies to the specified donations prescribed in Article 78, paragraph (1) (Donation Deduction) of the Income Tax Act that an individual makes on or after the Effective Date, and for those specified donations that an individual made before the Effective Date, the provisions then in force continue to govern.

①The provisions of Article 339-2 (Submission of Paper-Based Notices, etc. for Redemption Money of Bearer Discount Bonds) and Article 339-3 (Scope, etc. of Discount Bonds) of the New Order apply to redemption money prescribed in Article 339-2, paragraph (1) of the New Order that is received on or after the date prescribed in the proviso to Article 1 of the Supplementary Provisions of the Urban Infrastructure Development Corporation Act (referred to as the "base date" in the following paragraph).

②In the case where a person who holds a bearer discount bond prescribed in Article 339-2, paragraph (1) of the New Order has had that bearer discount bond held in custody continuously since before the base date at the business office of a financial institution or other such place prescribed in paragraph (2) of that Article, and, by the day on which the person first receives, on or after the base date, payment of redemption money for the bearer discount bond held in custody, enters the particulars specified by Ministry of Finance Order prescribed in paragraph (1) of that Article in the paper-based notice prescribed in that paragraph and submits it to the head of that business office of the financial institution or other such place, the contract for that custody is deemed to have been concluded on the day of that submission, and that paper-based notice is deemed to be the paper-based notice referred to in paragraph (2) of that Article submitted at the time of that conclusion, and that Article applies.