Supplementary Provisions, Article 3Transitional Measures Concerning Records of Securities Pertaining to Public and Corporate Bonds or Similar Interest, etc.

The provisions of Article 16, paragraph (1) (Records of Securities Pertaining to Public and Corporate Bonds or Similar Interest, etc.) of the New Regulation apply to interest and similar income on public and corporate bonds or similar interest that a Domestic Corporation or Foreign Corporation prescribed in Article 11, paragraph (4) (Exemption from Taxation for Public Corporations, etc. and Public Interest Trusts, etc.) of the Income Tax Act as amended by the provisions of Article 1 (Partial Amendment of the Income Tax Act) of the Act Partially Amending the Income Tax Act, etc. (Act No. 6 of 2007; hereinafter referred to as the "Amending Act") (hereinafter referred to as the "New Act"), or the trustee of a public interest trust or participant protection trust, is to receive on or after the date prescribed in Article 1, item (viii) of the Supplementary Provisions (Effective Date), as prescribed in that paragraph, and the provisions then in force continue to govern interest and similar income on public and corporate bonds or similar interest that a Domestic Corporation or Foreign Corporation prescribed in Article 11, paragraph (4) (Exemption from Taxation for Public Corporations, etc. and Public Interest Trusts, etc.) of the Income Tax Act prior to amendment by the provisions of Article 1 of the Amending Act (hereinafter referred to as the "Former Act"), or the trustee of a public interest trust or participant protection trust, is to receive before that date, as prescribed in that paragraph.