Article 37-4Deduction of Dividend Levy Amount or Share Transfer Income Levy Amount

Where a person liable for the income levy has been imposed a dividend levy amount under the provisions of Subsection 5 on the amount of specified dividends, etc. that formed the basis for calculating the amount of income relating to specified dividends, etc. stated in the final return prescribed in Article 32, paragraph (13), or a share transfer income levy amount under the provisions of Subsection 6 on the amount of capital gains from specified shares, etc. that formed the basis for calculating the amount of income relating to the amount of capital gains from specified shares, etc. stated in the final return prescribed in paragraph (15) of that Article, a prefecture is to deduct the amount obtained by multiplying that dividend levy amount or that share transfer income levy amount by two-fifths from the amount of the income levy of that person when Article 35 and the preceding three Articles are applied.