Regulation for Enforcement of the Income Tax Act

A person set forth in the items of Article 224-3, paragraph (1) of the Act who pays, in Japan, to a Resident or a Nonresident having a permanent establishment, the consideration (meaning the consideration prescribed in that paragraph; the same applies hereinafter in this Article) for the transfer of shares, etc. prescribed in Article 224-3, paragraph (2) (Notice by Recipients of Consideration for Transferring Shares) of the Act (hereinafter referred to as "shares, etc." in this Article), or a person who delivers redemption money or a similar asset prescribed in Article 224-3, paragraph (4) of the Act (hereinafter referred to as "redemption money or a similar asset" in this Article), must, pursuant to Article 225, paragraph (1), item (x) (Payment Reports on Consideration, etc. for the Transfer of Shares, etc.) of the Act, for each person receiving the payment of that consideration or delivery of redemption money or a similar asset, according to the category of payment or delivery set forth in the following items, submit a report stating the matters specified in each of those items to the district director with jurisdiction over the location of the office, place of business or other equivalent place of the person making the payment or delivery that handles the payment affairs for that consideration or the delivery affairs for redemption money or a similar asset:

in the case of payment of consideration for the transfer of shares, etc., the following matters:

the name, domicile (for a person who does not have a domicile in Japan, the place prescribed in Article 81 (Places of Residence, etc. to Be Notified by a Person Without a Domicile in Japan) as applied mutatis mutandis pursuant to Article 81-18 (Places of Residence, etc. to Be Notified When a Person Receiving the Price for a Transfer of Shares, etc. Does Not Have a Domicile in Japan); the same applies hereinafter in this item) and individual number of the person receiving the payment (for a person who has no individual number, the name and domicile);

the amount of consideration for the transfer of shares, etc. for which payment was finalized during the year, the date on which payment was finalized, and the fact that a transfer took place;

the number of the shares, etc. in (b) by issue (in the case of bond-type beneficial interests and public and corporate bonds, the face value);

the category of the shares, etc. prescribed in the items of Article 224-3, paragraph (2) of the Act;

if the tax agent notified by the person receiving the payment pursuant to Article 117, paragraph (2) of the Act on General Rules for National Taxes (Tax Agent) is identified, the name or title of that tax agent, and the domicile or residence, or the location of the head office or principal office;

any other matters for reference.

Delivery of redemption money or a similar asset: the following matters

the name, domicile (for a person who has no domicile in Japan, the place prescribed in Article 81 as applied mutatis mutandis pursuant to Article 81-28 (Place of Residence, etc. to Be Notified Where a Person Receiving Redemption Money or a Similar Asset Has No Domicile in Japan); hereinafter the same in this item and in item (i) of the following paragraph) and individual number of the person receiving the delivery (for a person who has no individual number, the name and domicile);

the amount of the redemption money or a similar asset the delivery of which was finalized during the year, the date on which the delivery was finalized, and the grounds that gave rise to the delivery of that redemption money or a similar asset;

the amount of income tax subject to Withholding on the redemption money or a similar asset in (b);

the number, by type and by name or issue, of the public and corporate bonds or similar interests (meaning beneficial interests in an Investment Trust or a Specified Trust That Issues Beneficiary Certificates, bond-type beneficial interests, public and corporate bonds, or separated-interest public and corporate bonds prescribed in Article 224-3, paragraph (4), item (iv) of the Act) that gave rise to the delivery (in the case of bond-type beneficial interests and public and corporate bonds, the face value);

if the tax agent notified by the person receiving the delivery pursuant to Article 117, paragraph (2) of the Act on General Rules for National Taxes is identified, the name or title of that tax agent, and the domicile or residence, or the location of the head office or principal office;

any other matters for reference.

A person who, in Japan, delivers redemption money or a similar asset of public and corporate bonds set forth in the items of Article 352-2, paragraph (2) of the Order (Scope of Submission of Payment Reports on Redemption Money or a Similar Asset) (hereinafter in this paragraph referred to as "redemption money or a similar asset of a discount bond") to a Nonresident, Domestic Corporation or Foreign Corporation prescribed in Article 225, paragraph (1), item (xi) of the Act must, pursuant to Article 225, paragraph (1), item (xi) of the Act, submit a report stating the following matters, for each person receiving the delivery of that redemption money or a similar asset of a discount bond, to the district director having jurisdiction over the location of the office, place of business or other equivalent of the person making the delivery that handles the delivery of the redemption money or a similar asset of a discount bond.

the name or title, domicile, and individual number or corporate number of the person receiving the delivery (for a person who has neither an individual number nor a corporate number, the name or title and domicile);

the amount of the redemption money or a similar asset of a discount bond the delivery of which was finalized during the year, the date on which the delivery was finalized, and the grounds that gave rise to the delivery of that redemption money or a similar asset of a discount bond;

the amount of income tax subject to Withholding on the redemption money or a similar asset of a discount bond in the preceding item;

the face value, by type and by issue, of the redemption money or a similar asset of a discount bond that gave rise to the delivery;

if the tax agent notified by the person receiving the delivery pursuant to Article 117, paragraph (2) of the Act on General Rules for National Taxes is identified, the name or title of that tax agent, and the domicile or residence, or the location of the head office or principal office;

any other matters for reference.

The amount specified by Ministry of Finance Order as prescribed in Article 352-2, paragraph (2), item (iv) of the Order is the amount specified in each of the following items for the category of public and corporate bond set forth in that item.

A public and corporate bond issued by a method of bidding in which the issue price is put to competition (limited to one issued at the accepted bid price of each application for which acceptance was decided (hereinafter in this item referred to as the "accepted bid price"); hereinafter in this item referred to as a "price-auctioned bond"), or a public and corporate bond issued on the same terms of issue (meaning the name and code or number, interest rate, interest payment dates and redemption deadline of the public and corporate bond; the same applies in the following item) as that price-auctioned bond: the price obtained by taking the weighted average, by face value, of the accepted bid prices relating to the bidding for that price-auctioned bond, calculated pursuant to Article 5, paragraph (8), item (iii) (Issuance by Bidding) of the Ministerial Order on Issuance of Government Bonds, etc. (Ministry of Finance Order No. 30 of 1982), or any other price calculated by a method equivalent thereto, which has been announced by the person who issued the price-auctioned bond;

A public and corporate bond other than those set forth in the preceding item (hereinafter in this item referred to as a "bond not issued by price bidding"), or a public and corporate bond issued on the same terms of issue as that bond not issued by price bidding: the issue price of that bond not issued by price bidding.

The ratio specified by Ministry of Finance Order as prescribed in Article 352-2, paragraph (2), item (iv) of the Order is 90 percent.

A person who, in Japan, delivers money, etc. prescribed in Article 224-3, paragraph (3) (Notice by a Person Receiving Delivered Money, etc.) of the Act (hereinafter in this Article referred to as "delivered money, etc.") to a Resident or a Nonresident having a permanent establishment must, pursuant to Article 225, paragraph (1), item (x) (Payment Reports on Delivered Money, etc.) of the Act, submit a report stating the following matters, for each ground that gave rise to the delivery and for each person receiving the delivery of that delivered money, etc., to the district director having jurisdiction over the location of the office, place of business or other equivalent of the person making the delivery that handles the delivery of the delivered money, etc.

the name, domicile (for a person who has no domicile in Japan, the place prescribed in Article 81 (Place of Residence, etc. to Be Notified by a Person Who Has No Domicile in Japan) as applied mutatis mutandis pursuant to Article 81-24 (Place of Residence, etc. to Be Notified Where a Person Receiving Delivered Money, etc. Has No Domicile in Japan); hereinafter the same in this item) and individual number of the person receiving the delivery (for a person who has no individual number, the name and domicile);

the amount of money delivered, the value of assets other than money, the total amount of these, the amount of delivered money, etc. out of that total amount, and the date on which the delivery was finalized (for delivered money, etc. relating to bearer shares (including investment units prescribed in Article 2, paragraph (14) (Definitions) of the Act on Investment Trusts and Investment Corporations; hereinafter the same in this paragraph), the date on which the delivery was made);

the number or amount, by type, of the shares or capital contributions that gave rise to the delivery;

in the case of bearer shares, where the person who received the delivery prescribed in Article 224-3, paragraph (3) of the Act differs from the owner of the principal, the name and domicile or residence of the owner of the principal;

if the tax agent notified by the person receiving the delivery pursuant to Article 117, paragraph (2) (Tax Agent) of the Act on General Rules for National Taxes is identified, the name and domicile or residence of that tax agent;

any other matters for reference.

Where the person making the delivery under the preceding paragraph has submitted a report under Article 83, paragraph (1), item (iii) (Payment Reports on Dividends and Similar Income) concerning the payment of the amount deemed pursuant to Article 25, paragraph (1) of the Act to be a dividend of surplus, dividend of profits, distribution of surplus or distribution of monies, out of the total amount of the amount of money and the value of assets other than money relating to the money or other assets prescribed in Article 25, paragraph (1) (Amounts Deemed to Be Dividends and Similar Income) of the Act that the person delivered, the person is deemed to have submitted the report under the preceding paragraph concerning the delivery of the delivered money, etc. relating to that money or other assets.

A person set forth in the items of Article 224-4 of the Act who, in Japan, pays consideration for transferring a beneficial interest in a trust prescribed in Article 224-4 (Notice by Persons Receiving Consideration for Transferring a Beneficial Interest in a Trust) of the Act (hereinafter in this Article referred to as a "beneficial interest in a trust") (meaning the consideration prescribed in Article 224-4 of the Act; the same applies hereinafter in this Article) to a Resident or a Nonresident having a permanent establishment must, pursuant to Article 225, paragraph (1), item (xii) (Payment Reports and Notices of Payment) of the Act, submit a report stating the following matters, for each person receiving the payment of that consideration, to the district director having jurisdiction over the location of the office, place of business or other equivalent of the person making the payment that handles the payment of that consideration.

the name, domicile (for a person who has no domicile in Japan, the place prescribed in Article 81 (Place of Residence, etc. to Be Notified by a Person Who Has No Domicile in Japan) as applied mutatis mutandis pursuant to Article 81-32 (Place of Residence, etc. to Be Notified Where a Person Receiving Consideration for Transferring a Beneficial Interest in a Trust Has No Domicile in Japan); hereinafter the same in this item) and individual number of the person receiving the payment (for a person who has no individual number, the name and domicile);

the amount of the consideration for transferring a beneficial interest in a trust the payment of which was finalized during the year, and the date on which it was finalized;

the particulars of the beneficial interest in a trust in the preceding item;

if the tax agent notified by the person receiving the payment pursuant to Article 117, paragraph (2) (Tax Agent) of the Act on General Rules for National Taxes is identified, the name and domicile or residence of that tax agent;

any other matters for reference.

In the case referred to in the preceding paragraph, where the amount of payment of consideration for transferring a beneficial interest in a trust to the same person during the year is 1,000,000 yen or less, the report under that paragraph concerning that consideration for transferring a beneficial interest in a trust need not be submitted.