Supplementary Provisions

This Ministerial Order comes into effect as of April 1, 1988.

The matter specified by Ministry of Finance Order as prescribed in Article 2, paragraph (1) (Transitional Measures Concerning Imposition of Income Tax on Interest, etc. or Compensation for Periodic Deposits, etc. Received by Domestic Corporations) of the Supplementary Provisions of the Cabinet Order Partially Amending the Order for Enforcement of the Income Tax Act (Cabinet Order No. 387 of 1987; hereinafter referred to as the "Amending Order") is Deposits and Savings, accepted by a person listed in Article 32, item (ii) or (iii) (Scope of Financial Institutions, etc.) of the Order for Enforcement of the Income Tax Act after the amendment, that correspond to ordinary deposits or ordinary savings.

The provisions of Article 2, paragraph (1) (Procedures, etc. for Not Being Taxed on Interest, etc. on Deposits and Savings of Children or Students) of the amended Regulation for Enforcement of the Income Tax Act (hereinafter referred to as the "New Regulation") apply to the case where the placement, etc. prescribed in that paragraph of the deposits and similar savings prescribed in that paragraph is made on or after the day this Ministerial Order comes into effect (hereinafter referred to as the "Effective Date"), and the provisions then in force continue to govern the case where the placement, etc. prescribed in Article 2, paragraph (1) (Procedures, etc. for Not Being Taxed on Interest, etc. on Deposits and Savings of Children or Students) of the Regulation for Enforcement of the Income Tax Act before the amendment (hereinafter referred to as the "Former Regulation") of the deposits and similar savings prescribed in that paragraph was made before the Effective Date.

①The forms prescribed in Appended Table I (1) through Appended Table I (3) of the New Regulation apply to the application form or written notification prescribed in Article 3-13 (Forms of Applications for Tax-Exempt Postal Savings, etc.) of the New Regulation that is submitted on or after the Effective Date.

②The placement specified by Ministry of Finance Order as prescribed in Article 4, paragraph (3) (Transitional Measures Concerning Nontaxability, etc. of Interest Income from Postal Savings of Elderly Persons or Similar Persons) of the Supplementary Provisions of the Amending Order is a placement that falls under any of the following items:

③The placement specified by Ministry of Finance Order as prescribed in Article 4, paragraph (3) of the Supplementary Provisions of the Amending Order is a placement made by the automated teller machine prescribed in Article 41, paragraph (1) (Machine Placement) of the Postal Savings Regulations.

①The forms prescribed in Appended Table II (1) through Appended Table II (6) of the New Regulation apply to the statement or application form prescribed in Article 15 (Forms of Statements of Tax-Exempt Savings, etc.) of the New Regulation that is submitted on or after the Effective Date. In this case, where there are unavoidable circumstances for using the form of such statement or application form prescribed in the Former Regulation, the statement or application form in which entries have been made in accordance with Appended Table II (1) through Appended Table II (6) of the New Regulation may be used in place of it.

②The provisions of Article 2 (Transitional Measures Concerning Imposition of Income Tax on Interest, etc. Received by Domestic Corporations) of the Supplementary Provisions apply mutatis mutandis to the matters specified by Ministry of Finance Order as prescribed in Article 5, paragraph (3) (Transitional Measures Concerning Exemption from Taxation of Interest Income, etc. from Small Amounts of Deposits Held by Elderly Persons or Similar Persons) of the Supplementary Provisions of the Amending Order.

③The placements specified by Ministry of Finance Order as prescribed in Article 5, paragraph (6) of the Supplementary Provisions of the Amending Order are placements, etc. equivalent to the placements prescribed in paragraph (2) or (3) of the preceding Article.

The provisions of Article 82 (Payment Report on Interest and Similar Income) and Article 83, paragraphs (2) and (3) (Payment Report on Dividends and Similar Income) of the New Regulation apply to the reports that are submitted on or after the Effective Date pursuant to the provisions of Article 225, paragraph (1) (Payment Reports) of the Income Tax Act as amended by the provisions of Article 2 (Partial Amendment of the Income Tax Act) of the Act Partially Amending the Income Tax Act, etc. (Act No. 96 of 1987) (hereinafter referred to as the "New Act"), and the provisions then in force continue to govern the reports that were submitted before the Effective Date.

①The forms prescribed in Appended Table III (1) through Appended Table III (6), Appended Table V (1), Appended Table V (2), Appended Table V (4) and Appended Table V (11) through Appended Table V (26) of the New Regulation apply to the statements and reports set forth in Article 220 (Procedures for Payment of Withheld Income Taxes) and Article 225, paragraph (1) (Payment Reports) of the New Act that are attached or submitted pursuant to those provisions on or after the Effective Date, and the provisions then in force continue to govern those statements and reports that were attached or submitted before the Effective Date.

②The forms prescribed in the preceding paragraph may, for the time being, be replaced with the statement or report prescribed in the corresponding provision of the Former Regulation, with entries made in accordance with Appended Table III (1) through Appended Table III (5), Appended Table V (1), Appended Table V (2), Appended Table V (4), Appended Table V (11) and Appended Table V (13) through Appended Table V (26) of the New Regulation.