Act on Special Measures for Securing the Financial Resources Necessary to Implement Measures for Reconstruction following the Great East Japan Earthquake

The provisions of Article 13 and Article 18, paragraph (5) of the Act on Special Measures for Securing the Financial Resources Necessary to Implement Measures for Reconstruction following the Great East Japan Earthquake as amended by Article 12 (hereinafter referred to as "the New Special Measures Act" in this Article) apply to income tax for 2027 or subsequent years, and the provisions then in force continue to govern income tax for 2026 or prior years.

The provisions of Article 27, Article 28 (excluding paragraph (5) (limited to the part concerning item (ii))), and Article 30, paragraph (1) of the New Special Measures Act apply to income tax on income arising on or after January 1, 2027, and the provisions then in force continue to govern income tax on income that arose before that date.

The provisions of Article 28, paragraph (5) of the New Special Measures Act (limited to the part concerning item (ii)) apply to discount bonds prescribed in that item that are issued on or after January 1, 2027, and the provisions then in force continue to govern discount bonds prescribed in Article 28, paragraph (5), item (ii) of the Former Act on Special Measures for Securing the Financial Resources Necessary to Implement Measures for Reconstruction Following the Great East Japan Earthquake that were issued before that date.

The provisions of Article 33, paragraph (2) of the Act on Exemption, etc. of Income Tax, etc. on Income of Foreign Residents, etc. Based on the Principle of Reciprocity (Act No. 144 of 1962) as applied with the replacement of terms pursuant to the provisions of Article 33, paragraph (1) of the New Special Measures Act apply to the amount equivalent to overpaid or erroneously paid delinquent tax, the amount equivalent to overpaid or erroneously paid penalty tax for non-payment, or the amount equivalent to overpaid or erroneously paid heavy penalty tax prescribed in paragraph (2) of that Article that pertains to income tax on covered income prescribed in paragraph (1) of that Article arising on or after January 1, 2027, and the provisions then in force continue to govern the amount equivalent to overpaid or erroneously paid delinquent tax, the amount equivalent to overpaid or erroneously paid penalty tax for non-payment, or the amount equivalent to overpaid or erroneously paid heavy penalty tax prescribed in paragraph (2) of that Article that pertains to income tax on covered income that arose before that date and is prescribed in Article 33, paragraph (1) of the Act on Exemption, etc. of Income Tax, etc. on Income of Foreign Residents, etc. Based on the Principle of Reciprocity as applied with the replacement of terms pursuant to the provisions of Article 33, paragraph (1) of the Former Act on Special Measures for Securing the Financial Resources Necessary to Implement Measures for Reconstruction Following the Great East Japan Earthquake.