Supplementary Provisions, Article 3Transitional Measures Concerning Procedures, etc. for Not Being Taxed on Interest and Similar Income from Deposits and Savings of Children or Students

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.