Act on Special Measures Concerning Taxation

Income tax is not imposed on dividends and similar income as prescribed in Article 24, paragraph (1) of the Income Tax Act (excluding dividends and similar income pertaining to distributions of proceeds from privately placed bond-based investment trusts, etc. prescribed in Article 8-2, paragraph (1) and dividends and similar income from foreign privately placed bond-based investment trusts, etc. prescribed in Article 8-3, paragraph (1); hereinafter referred to as "dividends and similar income" in this Article and the following Article) on listed shares, etc. in a tax-exempt account prescribed in Article 37-14, paragraph (1) (hereinafter referred to as "listed shares, etc. in a tax-exempt account" in this Article), which are to be received by a resident, or a nonresident who has a permanent establishment, who has opened a tax-exempt account prescribed in Article 37-14, paragraph (5), item (i) (hereinafter referred to as a "tax-exempt account" in this Article) at a business office (meaning a business office prescribed in that paragraph; the same applies in the following Article) of a financial instruments business operator, etc. prescribed in Article 37-14, paragraph (1) (hereinafter referred to as a "financial instruments business operator, etc." in this Article and the following Article), and which are listed below (limited to those for which the financial instruments business operator, etc. is a person in charge of handling payment in Japan who is specified by Cabinet Order; hereinafter referred to as "dividends and similar income on listed shares, etc. in a tax-exempt account" in this Article and Article 37-14, paragraphs (3541) and (3645)).

Where, with respect to a tax-exempt account or specified taxable minor's account of a resident, or a nonresident who has a permanent establishment, who opens a tax-exempt account and a specified taxable minor's account prescribed in Article 37-14, paragraph (5), item (ix), an event of non-performance of contract, etc. prescribed in paragraph (6) of that Article (hereinafter referred to as an "event of non-performance of contract, etc." in this paragraph and the following paragraph) occurs by December 31 of the year preceding the person's reference year prescribed in paragraph (4), item (i) of that Article, the provisions of this Act and the Income Tax Act apply by deeming that the provisions of the preceding paragraph did not apply to the dividends and similar income on listed shares, etc. in a tax-exempt account listed in item (iii) of that paragraph to be received during the period from the time of the opening of the tax-exempt account until the time of the occurrence of the event of non-performance of contract, etc., and that the dividends and similar income on listed shares, etc. in a tax-exempt account were paid at the time of the occurrence of the event of non-performance of contract, etc.

The provisions of Article 8-5, paragraph (1) are to be applied to dividends and similar income on listed shares, etc. in a tax-exempt account to which the provisions of the preceding paragraph have been applied, notwithstanding the provisions of paragraph (4) of that Article, for each total of the amount of dividend income pertaining to the dividends and similar income on listed shares, etc. in a tax-exempt account deemed to have been paid at the time of the occurrence of the event of non-performance of contract, etc. referred to in the preceding paragraph.

Beyond what is provided for in the preceding paragraph, matters concerning the payment of income tax collected by the financial instruments business operator, etc. referred to in paragraph (1) on dividends and similar income on listed shares, etc. in a tax-exempt account to which the provisions of paragraph (1) are deemed not to have applied pursuant to the provisions of paragraph (2), and other necessary matters concerning the application of the provisions of paragraph (2), are specified by Cabinet Order.

Income tax is not imposed on the dividends and similar income on listed shares, etc. in a minor's account prescribed in Article 37-14-2, paragraph (1) (hereinafter referred to as "listed shares, etc. in a minor's account" in this paragraph) which are listed in paragraph (1), item (i), (a) through (c) of the preceding Article and which a resident, or a nonresident who has a permanent establishment, who has opened a minor's account prescribed in Article 37-14-2, paragraph (5), item (i) (hereinafter referred to as a "minor's account" in this Article) at a business office of a financial instruments business operator, etc. is to receive within the period specified in each of the following items for the category of listed shares, etc. in a minor's account listed in that item (limited to those for which the financial instruments business operator, etc. is a person in charge of handling payment in Japan as prescribed in that Articleparagraph; hereinafter referred to as "dividends, etc. on listed shares, etc. in a minor's account" in this Article and Article 37-14-2, paragraphs (27) and (31)).

The amount of real estate income, the amount of business income, or the amount of timber income of an individual who has obtained approval from the district director to file blue returns, for a year for which the individual has that approval (excluding a year for which the provisions of paragraph (34) apply), is the amount calculated by deducting the lower of the following amounts from the amount of real estate income, the amount of business income, or the amount of timber income calculated pursuant to the provisions of Article 26, paragraph (2), Article 27, paragraph (2), or Article 32, paragraph (3) of the Income Tax Act:

the total of the amount of real estate income, the amount of business income (where the provisions of paragraph (1) of the following Article apply, excluding the amount of the part corresponding to the amount to be received for social insurance medical care prescribed in that paragraph; the same applies in paragraph (34), item (ii)), or the amount of timber income calculated pursuant to the provisions of Article 26, paragraph (2), Article 27, paragraph (2), or Article 32, paragraph (3) of the Income Tax Act.

The amount to be deducted pursuant to the provisions of the preceding provisions of the preceding paragraph do not apply where an individual prescribed in that paragraph is deducted from the amount of who engages in a business that generates real estate income, or business income in that year (excluding a person who receives the amountapplication of business income, or the provisions of Article 67, paragraph (1) of the amount Income Tax Act, and limited to a person who meets the requirements specified in the following items according to the categories of timber income,persons listed in that orderthose items) does not fall under the case prescribed in paragraph (4).

a person who engages in a business that generates real estate income in that year: the gross revenue pertaining to real estate income for the year before the preceding year exceeds 10,000,000 yen;

a person who engages in a business that generates business income in that year: the gross revenue pertaining to business income for the year before the preceding year exceeds 10,000,000 yen.

Where an individual who has obtained approval from the district directorThe amount to file blue returns and who engages in a business that generates real estate income or business income (excluding a person who receives the application of the provisions of Article 67, paragraph (1) of the Income Tax Act) keeps books and documents for that businessbe deducted pursuant to the provisions of Article 148, paragraph (1) of that Act and records in them the transactions pertaining tois deducted from the amount of real estate income or the amount of business income for a year for which the individual has that approval (limited to the cases specified by Order of the Ministry of Finance as cases where the details of all transactions pertaining to the amount of that income are recorded in detail), the amount of real estate income or the amount of business income for that year is the amount calculated by deducting the lower of the following amounts from the amount of real estate income, or the amount of businesstimber income calculated pursuant to the provisions of Article 26, paragraph (2) or Article 27, paragraph (2) of, in that Act:order.

550,000 yen;

the total of the amount of real estate income or the amount of business income calculated pursuant to the provisions of Article 26, paragraph (2) or Article 27, paragraph (2) of the Income Tax Act.

Where an individual prescribed who has obtained approval from the district director to file blue returns and who engages in a business that generates real estate income or business income (excluding a person who receives the preceding application of the provisions of Article 67, paragraph falls under(1) of the case prescribed in Income Tax Act) keeps books and documents for that business pursuant to the provisions of Article 148, paragraph (1) of that Act and meets either ofrecords in them the following requirements, transactions pertaining to the provisionsamount of real estate income or the amount of business income for a year for which the individual has that paragraph may be applied approval (limited to the cases specified by deeming Order of the phrase "550,000 yen" in item (i) Ministry of Finance as cases where the details of all transactions pertaining to the amount of that income are recorded in detail), the amount of real estate income or the amount of business income for that paragraph year is the amount calculated by deducting the lower of the following amounts from the amount of real estate income or the amount of business income calculated pursuant to be replaced with "650,000 yen"the provisions of Article 26, paragraph (2) or Article 27, paragraph (2) of that Act:

that, for those of the books and documents prescribed in the preceding paragraph for that year that are specified by Order of the Ministry of Finance, the individual, pursuant to the provisions of Order of the Ministry of Finance and in accordance with what is specified by Order of the Ministry of Finance as prescribed in Article 4, paragraph (1) or Article 5, paragraph (1) or paragraph (3) of the Act on Special Provisions concerning Preservation Methods for Books and Documents Related to National Tax Prepared by Means of Computers (Act No. 25 of 1998), keeps and preserves the electronic or magnetic records prescribed in Article 2, item (iii) of that Act pertaining to those books and documents (hereinafter referred to as "electronic or magnetic records" in this item), or keeps those electronic or magnetic records and preserves them on the computer output microfilm prescribed in item (vi) of that Article (limited to the case falling under either of the following cases)650,000 yen;

where the keeping and preservation of those electronic or magnetic records pertaining to those books and documents, or the keeping of those electronic or magnetic records and their preservation on that computer output microfilm, meets the requirements specified by Order of the Ministry of Finance as prescribed in Article 8, paragraph (4) of the Act on Special Provisions concerning Preservation Methods for Books and Documents Related to National Tax Prepared by Means of Computers;

where all of the following requirements are met:

the individual has taken, in that year, the measures specified by Order of the Ministry of Finance as those necessary for the preservation of the specified electronic or magnetic records prescribed in Article 8, paragraph (5) of the Act on Special Provisions concerning Preservation Methods for Books and Documents Related to National Tax Prepared by Means of Computers (referred to as "specified electronic or magnetic records" in (2)) pertaining to the transaction information prescribed in Article 2, item (v) of that Act (referred to as "transaction information" in (2)) of electronic transactions prescribed in that item (referred to as "electronic transactions" in (2)) pertaining to the amount of real estate income or the amount of business income prescribed in the preceding paragraph to meet the requirements specified by Order of the Ministry of Finance prescribed in Article 8, paragraph (5) of that Act;

where the individual has conducted electronic transactions referred to in (1) in that year, the individual preserves, pursuant to the provisions of Order of the Ministry of Finance, the specified electronic or magnetic records pertaining to the transaction information of those electronic transactions.

that, by the filing deadline for the final return of income tax for that year, the individual has transmitted, using the electronic data processing system prescribed in Article 6, paragraph (1) of the Act on the Advancement of Government Administration Processes That Utilize Information and Communications Technology (Act No. 151 of 2002) pursuant to the provisions of that paragraph, and pursuant to the provisions of Order of the Ministry of Finance, the information on the matters to be stated in that final return (including a statement to the effect that the individual seeks the application of the provisions of the preceding paragraph and matters concerning the calculation of the amount to be deducted under the provisions of that paragraph) and the matters to be stated in the balance sheet, the profit and loss statement, and any other written statement concerning the calculationtotal of the amount of real estate income or the amount of business income preparedcalculated pursuant to the provisions of Order of the Ministry of Finance based on the books and documents prescribed inArticle 26, paragraph (2) or Article 27, paragraph (2) of the preceding paragraphIncome Tax Act.

The amount to be deducted Where an individual prescribed in the preceding paragraph falls under the case prescribed in that paragraph, and, for those of the books and documents prescribed in that paragraph for that year that are specified by Order of the Ministry of Finance, the individual, pursuant to the provisions of Order of the Ministry of Finance and in accordance with what is specified by Order of the Ministry of Finance as prescribed in Article 4, paragraph (1) or Article 5, paragraph (1) or paragraph (3) is deducted from of the Act on Special Provisions concerning Preservation Methods for Books and Documents Related to National Tax Prepared by Means of Computers (Act No. 25 of 1998), keeps and preserves the amount electronic or magnetic records prescribed in Article 2, item (iii) of real estate income that Act pertaining to those books and documents (hereinafter referred to as "electronic or magnetic records" in this paragraph), or keeps those electronic or magnetic records and preserves them on the amount computer output microfilm prescribed in item (vi) of business income, that Article (limited to the case falling under either of the following cases), the provisions of that paragraph may be applied by deeming the phrase "650,000 yen" in item (i) of that order.paragraph to be replaced with "750,000 yen":

where the keeping and preservation of those electronic or magnetic records pertaining to those books and documents, or the keeping of those electronic or magnetic records and their preservation on that computer output microfilm, meets the requirements specified by Order of the Ministry of Finance as prescribed in Article 8, paragraph (4) of the Act on Special Provisions concerning Preservation Methods for Books and Documents Related to National Tax Prepared by Means of Computers;

where all of the following requirements are met:

the individual has taken, in that year, the measures specified by Order of the Ministry of Finance as those necessary for the preservation of the specified electronic or magnetic records prescribed in Article 8, paragraph (5) of the Act on Special Provisions concerning Preservation Methods for Books and Documents Related to National Tax Prepared by Means of Computers (referred to as "specified electronic or magnetic records" in (b)) pertaining to the transaction information prescribed in Article 2, item (v) of that Act (referred to as "transaction information" in (b)) of electronic transactions prescribed in that item (referred to as "electronic transactions" in (b)) pertaining to the amount of real estate income or the amount of business income prescribed in the preceding paragraph to meet the requirements specified by Order of the Ministry of Finance prescribed in Article 8, paragraph (5) of that Act;

where the individual has conducted electronic transactions referred to in (a) in that year, the individual preserves, pursuant to the provisions of Order of the Ministry of Finance, the specified electronic or magnetic records pertaining to the transaction information of those electronic transactions.

The provisions of paragraph (3) (excluding the case where they are applied,amount to be deducted pursuant to the provisions of paragraph (4), to a person who meets the requirement listed in item (ii) of that paragraph) apply only if the final return contains a statement to the effect that the individual seeks the application of the provisions of paragraph (3) and matters concerning the calculation of the amount to be is deducted under the provisions of that paragraph, and has attached to it a balance sheet, a profit and loss statement, and any other written statement concerning the calculation offrom the amount of real estate income or the amount of business income prepared pursuant to the provisions of Order of the Ministry of Finance based on the books and documents prescribed, in that paragraph, and the final return has been filed by its filing deadlineorder.

The provisions of paragraph (4) apply only if, by the filing deadline of the final return for income tax for that year, the individual has transmitted, using the electronic data processing system prescribed in Article 6, paragraph (1) of the Act on the Advancement of Government Administration Processes That Utilize Information and Communications Technology (Act No. 151 of 2002) pursuant to the provisions of that paragraph, and pursuant to the provisions of Order of the Ministry of Finance, information pertaining to the matters to be stated in that final return (including a statement to the effect that the individual seeks the application of the provisions of paragraph (4) and matters concerning the calculation of the amount to be deducted under the provisions of that paragraph) and the matters to be stated in a balance sheet, a profit and loss statement, and any other written statement concerning the calculation of the amount of real estate income or the amount of business income prepared pursuant to the provisions of Order of the Ministry of Finance based on the books and documents prescribed in paragraph (4).

Where a resident or nonresident who has a permanent establishment who has opened a tax-exempt account at a business office (meaning a business office prescribed in Article 37-11-3, paragraph (3), item (i); the same applies hereinafter in this Article and the following Article) of a financial instruments business operator, etc. (meaning a financial instruments business operator, etc. prescribed in that item; the same applies hereinafter in this Article and the following Article) has made the transfer specified in each of the following items (including a transfer specified by Cabinet Order as being similar thereto, and excluding a transfer made by the method of transaction listed in Article 28, paragraph (8), item (iii), (a) of the Financial Instruments and Exchange Act; the same applies hereinafter in this Article and the following Article) of the listed shares, etc. prescribed in item (i) that are listed in that item and are entered or recorded in the transfer account book (meaning the transfer account book prescribed in the Act on Book-Entry Transfer of Corporate Bonds and Shares; the same applies hereinafter in this Article and the following Article) pertaining to the tax-exempt account, or the custody of which has been entrusted to the tax-exempt account, under a contract for managing tax-exempt listed shares, etc., the listed shares, etc. prescribed in item (i) that are listed in item (ii) and are entered or recorded in the transfer account book pertaining to the tax-exempt account, or the custody of which has been entrusted to the tax-exempt account, under a tax-exempt cumulative investment contract, or the listed shares, etc. prescribed in item (i) that are listed in item (iii) or the listed shares, etc. prescribed in item (i) that are listed in item (iv) and are entered or recorded in the transfer account book pertaining to the tax-exempt account, or the custody of which has been entrusted to the tax-exempt account, under a specified tax-exempt cumulative investment contract (collectively referred to as "listed shares, etc. in a tax-exempt account" in the following paragraph through paragraph (4)hereinafter in this Article), income tax is not imposed on business income, capital gains and miscellaneous income from that transfer (excluding business income and miscellaneous income that fall under the provisions of Article 41-2 of the Income Tax Act and capital gains that fall under the provisions of Article 32, paragraph (2)):

shares, etc. prescribed in Article 37-10, paragraph (2) (referred to as "shares, etc." in paragraphparagraphs (4) and (6) and the following Article) that are listed in items (i) through (v) of Article 37-10, paragraph (2) (in the case of beneficial rights listed in item (iv) of that paragraph, limited to beneficial interests in securities investment trusts other than bond investment trusts and beneficial interests in investment trusts other than securities investment trusts that do not fall under bond-based investment trusts), or bonds with share options (including convertible specified corporate bonds prescribed in Article 131, paragraph (1) of the Act on the Securitization of Assets and specified corporate bonds with subscription rights for new preferred equity prescribed in Article 139, paragraph (1) of that Act), which fall under the shares, etc. listed in Article 37-11, paragraph (2), item (i);

Where all or part of the listed shares, etc. in a tax-exempt account have been withdrawn (including withdrawal by book-entry transfer; the same applies hereinafter in this paragraph) and in paragraph (6), item (iv)) from a tax-exempt management account, cumulative investment account, specified cumulative investment account or specified tax-exempt management account due to any of the following reasons, it is deemed that, with regard to the listed shares, etc. in a tax-exempt account so withdrawn, a transfer under the contract for managing tax-exempt listed shares, etc., tax-exempt cumulative investment contract or specified tax-exempt cumulative investment contract was made, at the time when the reason arose, for the amount specified by Cabinet Order as the value at that time (hereinafter referred to in this paragraph and the following paragraphArticle as the "amount at the time of withdrawal"); that, with regard to the resident or nonresident who has a permanent establishment who has opened or had opened the tax-exempt account in which the tax-exempt management account, cumulative investment account, specified cumulative investment account or specified tax-exempt management account from which listed shares, etc. in a tax-exempt account were withdrawn due to the relocation, return or closure listed in item (i) is established, the person acquired, at the time of the withdrawal due to that relocation, return or closure, for the amount at the time of withdrawal, shares, etc. of the same class as those listed shares, etc. in a tax-exempt account in a number equivalent to the number of the listed shares, etc. in a tax-exempt account withdrawn due to that relocation, return or closure; and that, with regard to a person who acquired listed shares, etc. in a tax-exempt account withdrawn due to the gift, inheritance or bequest listed in item (ii), the person acquired, at the time of that gift, inheritance or bequest, for the amount at the time of withdrawal, shares, etc. of the same class as those listed shares, etc. in a tax-exempt account, respectively; and the provisions of the preceding three paragraphs and paragraph (3541) and the provisions of other laws and regulations concerning income tax apply:

relocation from a tax-exempt account to another account for entries or records in the transfer account book or custody of shares, etc. (referred to as an "other custody account" in item (iihereinafter up to paragraph (6) and item (iv) of the following paragraph)in paragraph (8), item (i), (b)), relocation from a tax-exempt management account to a tax-exempt management account for another year established in the tax-exempt account in which that tax-exempt management account is established, return of securities pertaining to listed shares, etc. in a tax-exempt account to the resident or nonresident who has a permanent establishment, or closure of a tax-exempt account (where the listed shares, etc. in a tax-exempt account withdrawn due to any of these reasons pertain to a minor's specified cumulative investment account (meaning a specified cumulative investment account that is established in each year in which the resident or nonresident who has a permanent establishment who has opened the tax-exempt account is under 18 years of age on January 1 of that year and in the year that includes the person's date of birth; the same applies hereinafter in this Article), in the case of relocation to that other custody account or that return, limited to one made in accordance with the specified tax-exempt cumulative investment contract, and in the case of that closure, limited to a closure that occurred on or after January 1 of the year in which the resident or nonresident who has a permanent establishment who had opened the tax-exempt account pertaining to that closure is 18 years of age on March 31 of that year (hereinafter referred to in this Article as the "reference year"), and to a closure of a tax-exempt account referred to in paragraph (23) in the case where the provisions of that paragraph are applied by deeming, pursuant to the provisions of paragraph (33) (limited to the part pertaining to items (ii) and (iii)), that the submission prescribed in paragraph (22) of the written notification of closure of a tax-exempt account prescribed in that paragraph has been made, which occurred by December 31 of the year preceding the reference year of that resident or nonresident who has a permanent establishment (referred to as a "closure of a tax-exempt account due to absence from Japan" in paragraph (6)));

gift, inheritance or bequest (where the listed shares, etc. in a tax-exempt account withdrawn due to any of these reasons pertain to a minor's specified cumulative investment account, in the case of that gift, limited to a gift made on or after January 1 of the reference year of the resident or nonresident who has a permanent establishment who has opened the tax-exempt account to which those listed shares, etc. in a tax-exempt account pertain);

a transfer other than a transfer made in accordance with the method specified in the contract for managing tax-exempt listed shares, etc., tax-exempt cumulative investment contract or specified tax-exempt cumulative investment contract (where the listed shares, etc. in a tax-exempt account withdrawn due to that transfer pertain to a minor's specified cumulative investment account, limited to a transfer made on or after January 1 of the reference year of the resident or nonresident who has a permanent establishment who has opened the tax-exempt account to which those listed shares, etc. in a tax-exempt account pertain).

tax-exempt account: an account for entries or records in the transfer account book or custody of listed shares, etc. (limited to an account in which no matters concerning transactions other than transactions under a contract for managing tax-exempt listed shares, etc., a tax-exempt cumulative investment contract and a specified tax-exempt cumulative investment contract are handled) that has been opened within the period specified respectively below under the following contracts concluded with a financial instruments business operator, etc. by a resident or nonresident who has a permanent establishment (limited to a person who is 18 years of age or older as of January 1 of that year), after the person has submitted (including providing, by electronic or magnetic means (meaning a method using an electronic data processing system or any other method using information and communications technology; the same applies hereinafter in this Article), excluding paragraph (43)), the matters to be stated in the written notification of opening of a tax-exempt account in lieu of submitting that written notification of opening of a tax-exempt account; the same applies in the following paragraphparagraphs (12) through paragraph (12(18) and paragraphs (3238) through (3440)), in order to receive the application of the provisions of Article 9-8 and the preceding paragraphs, to the head of the business office of the financial instruments business operator, etc. at which the person seeks to open the account, pursuant to the provisions of Cabinet Order, a written notification stating the type of account to be established in that account, the name and location of the business office of that financial instruments business operator, etc., a statement that the provisions of Article 9-8 and the preceding paragraphs are to be applied to dividend income pertaining to dividends and similar income prescribed in Article 24, paragraph (1) of the Income Tax Act (referred to as "dividends and similar income" in item (vi), (e), 3.) on listed shares, etc. entered or recorded in the transfer account book pertaining to that account or the custody of which has been entrusted to that account, and to business income, capital gains or miscellaneous income from the transfer of those listed shares, etc., and other matters specified by Order of the Ministry of Finance (hereinafter referred to in this Article as a "written notification of opening of a tax-exempt account"):

specified tax-exempt cumulative investment contract: the period on or after January 1, 2024 (where the account to be established in that account is a minor's specified cumulative investment account, January 1, 2027).

contract for managing tax-exempt listed shares, etc.: a contract for entries or records in the transfer account book or custody of listed shares, etc. that the resident or nonresident who has a permanent establishment referred to in paragraph (1) has concluded with a financial instruments business operator, etc. in order to receive the application of the provisions of Article 9-8 (limited to the part pertaining to paragraph (1), item (i)) and the provisions of paragraph (1) (limited to the part pertaining to item (i)) and the preceding three paragraphs, in the contract document of which it is provided that entries or records in the transfer account book or custody of listed shares, etc. are to be made in the tax-exempt management account established in the account pertaining to those entries or records or that custody; that only the following listed shares, etc. of that resident or nonresident who has a permanent establishment are to be accepted into that tax-exempt management account (excluding those acquired during the period from the day of the absence from Japan (meaning absence from Japan prescribed in paragraph (2329); the same applies in itemsitem (iv) and item (vi)) , (b) and (c)) of a person who has filed the notification of continued application prescribed in paragraph (2329), item (i) under the provisions of that paragraph (referred to as a "person who has filed a notification of continued application" in itemsitem (iv) and item (vi)) , (b) and (c)) until the day on which the submission of a notification of return to Japan pertaining to that person (meaning the submission prescribed in paragraph (2531) of the notification of return to Japan prescribed in that paragraph; the same applies in itemsitem (iv) and item (vi), (b) and (c)) is made, those acquired by receiving the application of the provisions of the main clause of Article 29-2, paragraph (1), and others specified by Cabinet Order); that the transfer of listed shares, etc. entered or recorded in the transfer account book or held in custody in that tax-exempt management account is to be made by the method of entrusting the sale to that financial instruments business operator, etc., the method of making the transfer to that financial instruments business operator, etc., or any other method specified by Cabinet Order; that, on the day on which five years have elapsed from January 1 of the year that includes the day on which that tax-exempt management account was established, the listed shares, etc. pertaining to that tax-exempt management account, excluding those subject to the relocation referred to in (b), are to be relocated, pursuant to the provisions of Cabinet Order, from the account in which that tax-exempt management account was established to an other custody account; and other matters specified by Cabinet Order:

the following listed shares, etc., for which the total amount of the consideration for acquisition (meaning, for purchased listed shares, etc., the amount of the purchase price (for listed shares, etc. acquired by payment, the amount paid in; the same applies in item (vi), (a) b), 1. and (c), 1. and paragraph (2834)), and, for listed shares, etc. accepted through the relocation referred to in 2., the amount at the time of withdrawal pertaining to that relocation; the same applies in item (iv), (a) and, item (vi), (a) b), 1. and (c), 1., and paragraph (8), item (ii)) of the listed shares, etc. accepted during the period from the day on which a tax-exempt management account was established in that account to December 31 of the year that includes that day does not exceed 1,200,000 yen (where there are listed shares, etc. listed in (b), the amount obtained by deducting the amount at the time of withdrawal pertaining to the relocation of those listed shares, etc.):

listed shares, etc. acquired within that period by entrusting the purchase (including intermediation, brokerage or agency for entrusting that purchase; the same applies in itemsitem (iv) and item (vi)) , (b) and (c), 1.) to that financial instruments business operator, etc., listed shares, etc. acquired from that financial instruments business operator, etc., or listed shares, etc. acquired through a public offering of listed shares, etc. (limited to one that falls under a public offering of securities prescribed in Article 2, paragraph (3) of the Financial Instruments and Exchange Act; the same applies in itemsitem (iv) and item (vi), (b) and (c), 1.) conducted by that financial instruments business operator, etc., which are accepted into that account immediately after their acquisition;

listed shares, etc. (excluding those listed in (b)) relocated, pursuant to the provisions of Cabinet Order, from a tax-exempt management account for another year (meaning a tax-exempt management account for another year pertaining to the account in which that tax-exempt management account was established, or a minor's tax-exempt management account (meaning a tax-exempt management account prescribed in paragraph (5), item (iii) of the following Article) established in a minor's account (meaning a minor's account prescribed in paragraph (5), item (i) of the following Article; the same applies in paragraphs (3238) and (3339)) opened at the business office of that financial instruments business operator, etc.; the same applies in (b)).

the account is established on January 1 of each year of the account-setting period (in the year that includes the day on which the submission prescribed in item (i) of a written notification of opening of a tax-exempt account (excluding one to which a written notice of account closure or a written notice of closure of a tax-exempt account is attached; the same applies in item (v), (b)) or the submission of a document specified by Cabinet Order was made, where that submission was made during the year, the day of that submission, and where a written notice of account closure or a written notice of closure of a tax-exempt account has been submitted, the day on which the matters specified in paragraph (2127), item (i) were provided by the competent district director referred to in that paragraph pursuant to the provisions of that paragraph (where those matters were provided before January 1 of the year in which the account is to be established, that January 1)).

tax-exempt cumulative investment contract: a contract for entries or records in the transfer account book or custody of listed shares, etc. acquired under a cumulative investment contract (meaning a contract under which the resident or nonresident who has a permanent establishment agrees to entrust the purchase of, acquire from, or acquire through a public offering conducted by, that financial instruments business operator, etc., a fixed amount of the listed shares, etc. listed in paragraph (1), item (ii), (a) or (b), periodically and continuously, and in which the brands of listed shares, etc. to be purchased through such entrustment or acquired are specified in advance) that the resident or nonresident who has a permanent establishment referred to in paragraph (1) has concluded with a financial instruments business operator, etc. in order to receive the application of the provisions of Article 9-8 (limited to the part pertaining to paragraph (1), item (ii)) and the provisions of paragraph (1) (limited to the part pertaining to item (ii)) and the preceding three paragraphs, in the contract document of which it is provided that entries or records in the transfer account book or custody of listed shares, etc. are to be made in the cumulative investment account established in the account pertaining to those entries or records or that custody; that only the following, out of the listed shares, etc. listed in paragraph (1), item (ii), (a) and (b) of that resident or nonresident who has a permanent establishment (limited to those that satisfy the requirements specified by Cabinet Order as those whose periodic and continuous acquisition promotes asset building by individuals (hereinafter referred to up to item (vi) as "listed shares, etc. for cumulative investment"), and excluding those acquired during the period from the day of the absence from Japan of a person who has filed a notification of continued application until the day on which the submission of a notification of return to Japan pertaining to that person is made, and others specified by Cabinet Order), are to be accepted into that cumulative investment account; that the financial instruments business operator, etc. is to confirm, pursuant to the provisions of Cabinet Order, the address of that resident or nonresident who has a permanent establishment and other matters specified by Cabinet Order as of the base date (meaning the day on which 10 years have elapsed from the day on which a cumulative investment account was first established in that account, and each day on which five years have elapsed from the day following that day); that the transfer of listed shares, etc. for cumulative investment entered or recorded in the transfer account book or held in custody in that cumulative investment account is to be made by the method of entrusting the sale to that financial instruments business operator, etc., the method of making the transfer to that financial instruments business operator, etc., or any other method specified by Cabinet Order; that, on the day on which 20 years have elapsed from January 1 of the year that includes the day on which that cumulative investment account was established, the listed shares, etc. for cumulative investment pertaining to that cumulative investment account are to be relocated, pursuant to the provisions of Cabinet Order, from the account in which that cumulative investment account was established to an other custody account; and other matters specified by Cabinet Order:

the account is established on January 1 of each year of the account-setting period (in the year that includes the day on which the submission prescribed in item (i) of a written notification of opening of a tax-exempt account or the submission of a document specified by Cabinet Order was made, where that submission was made during the year, the day of that submission, and where a written notice of account closure or a written notice of closure of a tax-exempt account has been submitted, the day on which the matters specified in paragraph (2127), item (i) were provided by the competent district director referred to in that paragraph pursuant to the provisions of that paragraph (where those matters were provided before January 1 of the year in which the account is to be established, that January 1)).

specified tax-exempt cumulative investment contract: a contract for entries or records in the transfer account book or custody of listed shares, etc. that the resident or nonresident who has a permanent establishment referred to in paragraph (1) has concluded with a financial instruments business operator, etc. in order to receive the application of the provisions of Article 9-8 (limited to the part pertaining to paragraph (1), items (iii) and (iv)) and the provisions of paragraph (1) (limited to the part pertaining to items (iii) and (iv)) and the preceding three paragraphs, in the contract document of which it is provided that entries or records in the transfer account book or custody of listed shares, etc. are to be made in the specified cumulative investment account or specified tax-exempt management account established in the account pertaining to those entries or records or that custody; that only those listed in (a) acquired under a cumulative investment contract (meaning a contract under which the resident or nonresident who has a permanent establishment agrees to entrust the purchase of, acquire from, or acquire through a public offering conducted by, that financial instruments business operator, etc., a fixed amount of the listed shares, etc. listed in paragraph (1), item (ii), (a) or (b) (where those listed shares, etc. are listed shares, etc. listed in (a) of that item, a fixed amount of, or the largest number of units that can be acquired within the range of that fixed amount of, the listed shares, etc. listed in (a) of that item), periodically and continuously, and in which the brands of listed shares, etc. to be purchased through such entrustment or acquired are specified in advance) and those listed in (b), out of the listed shares, etc. listed in paragraph (1), item (iii) of that resident or nonresident who has a permanent establishment (limited to listed shares, etc. for cumulative investment, and excluding listed shares, etc. acquired during the period from the day of the absence from Japan of a person who has filed a notification of continued application until the day on which the submission of a notification of return to Japan pertaining to that person is made that are listed in (a); hereinafter referred to in this item and the following item as "specified cumulative investment listed shares, etc."), are to be accepted into that specified cumulative investment account; that only those listed in (c) and (d), out of the listed shares, etc. listed in paragraph (1), item (iv) of that resident or nonresident who has a permanent establishment (excluding those acquired during the period from the day of the absence from Japan of a person who has filed a notification of continued application until the day on which the submission of a notification of return to Japan pertaining to that person is made, those acquired by receiving the application of the provisions of the main clause of Article 29-2, paragraph (1), those designated, under the rules prescribed by the financial instruments exchange prescribed in Article 2, paragraph (16) of the Financial Instruments and Exchange Act on which those listed shares, etc. are listed, as brands for which delisting from that financial instruments exchange has been decided or as brands at risk of delisting, and others specified by Cabinet Order), are to be accepted into that specified tax-exempt management account; that the financial instruments business operator, etc. is to confirm, pursuant to the provisions of Cabinet Order, the address of that resident or nonresident who has a permanent establishment and other matters specified by Cabinet Order as of the base date (meaning the day on which 10 years have elapsed from the day on which a specified cumulative investment account was first established in that account, and each day on which five years have elapsed from the day following that day); that the transfer of listed shares, etc. entered or recorded in the transfer account book or held in custody in that specified cumulative investment account or specified tax-exempt management account is to be made by the method of entrusting the sale to that financial instruments business operator, etc., the method of making the transfer to that financial instruments business operator, etc., or any other method specified by Cabinet Order; and other matters specified by Cabinet Orderare provided:

specified cumulative investment listed shares, etc. acquired by entrusting the purchase to that financial instruments business operator, etc., specified cumulative investment listed shares, etc. acquired from that financial instruments business operator, etc.,entries or specified cumulative investment listed shares, etc. acquired through a public offering of specified cumulative investment listed shares, etc. conducted by that financial instruments business operator, etc., within the period from the day on which a specified cumulative investment account was established in that account to December 31 of the year that includes that day (referred to as the "acceptance period"records in (a)), which are accepted into that account immediately after their acquisition and for which the total amount of the consideration for acquisition of the specified cumulative investment listed shares, etc. accepted within that acceptance period does not exceed 1,200,000 yen (excluding those specified cumulative investment listed shares, etc. that, if accepted into thattransfer account, would cause the sum of that total amount, the total amount of the consideration for acquisition book or custody of the listed shares, etc. referredare to in (c) accepted into that accountbe made in that year and the base amount for the specified cumulative investment account (meaning the amount specified by Cabinet Order as the amount equivalent to the purchase price of the listed shares, etc. that the resident or nonresident who has a permanent establishment has accepted into the specified cumulative investment account and the specified tax-exempt management account as of December 31 of the year preceding that year;established in the same applies in (c), 2. and paragraph (30)) to exceed 18,000,000 yen)account pertaining to those entries or records or that custody;

beyond what is in that specified cumulative investment account, only those listed in (a1) that were acquired under a cumulative investment contract (meaning a contract under which the resident or nonresident who has a permanent establishment agrees to entrust the purchase of, acquire from, or acquire through a public offering conducted by, that financial instruments business operator, etc., a fixed amount of the listed shares, etc. listed in paragraph (1), item (ii), (a) or (b) (where those listed shares, etc. are listed shares, etc. listed in (a) of that item, a fixed amount of, or the largest number of units that can be acquired within the range of that fixed amount of, the listed shares, etc. listed in (a) of that item), periodically and continuously, and in which the brands of listed shares, etc. to be purchased through such entrustment or acquired are specified in advance) and those listed in (2), out of the listed shares, etc. listed in paragraph (1), item (iii) of that resident or nonresident who has a permanent establishment (limited to listed shares, etc. for cumulative investment , and excluding listed shares, etc. specified by Cabinet Order;listed in (1) that were acquired during the period from the day of the absence from Japan of a person who has filed a notification of continued application until the day on which the notification of return to Japan pertaining to that person is submitted; hereinafter referred to in this paragraph and paragraph (8) as "specified cumulative investment listed shares, etc."), are to be accepted:

specified cumulative investment listed shares, etc. acquired by entrusting the purchase to that financial instruments business operator, etc., specified cumulative investment listed shares, etc. acquired from that financial instruments business operator, etc., or specified cumulative investment listed shares, etc. acquired through a public offering of specified cumulative investment listed shares, etc. conducted by that financial instruments business operator, etc., within the period from the day on which a specified cumulative investment account was established in that account to December 31 of the year that includes that day (referred to as the "acceptance period" in (1)), which are accepted into that account immediately after their acquisition and for which the total amount of the consideration for acquisition of the specified cumulative investment listed shares, etc. accepted within that acceptance period does not exceed 1,200,000 yen (or, where that specified cumulative investment account is a minor's specified cumulative investment account, 600,000 yen) (excluding the specified cumulative investment listed shares, etc. specified below according to the category of specified cumulative investment account listed below):

a specified cumulative investment account other than a minor's specified cumulative investment account: those specified cumulative investment listed shares, etc. that, if accepted into that account, would cause the sum of that total amount, the total amount of the consideration for acquisition of the listed shares, etc. referred to in (c), (1) accepted into that account in that year, and the base amount for the specified cumulative investment account (meaning the amount specified by Cabinet Order as the amount equivalent to the purchase price of the listed shares, etc. that the resident or nonresident who has a permanent establishment has accepted into the specified cumulative investment account and the specified tax-exempt management account as of December 31 of the year preceding that year; the same applies in (c), (1), (ii) and paragraph (36)) to exceed 18,000,000 yen;

a minor's specified cumulative investment account: those specified cumulative investment listed shares, etc. that, if accepted into that account, would cause the sum of the total amount of the consideration for acquisition of the specified cumulative investment listed shares, etc. accepted within that acceptance period and the amount specified by Cabinet Order as the amount equivalent to the purchase price of the specified cumulative investment listed shares, etc. that the resident or nonresident who has a permanent establishment has accepted into minor's specified cumulative investment accounts as of December 31 of the year preceding the year that includes the day on which that minor's specified cumulative investment account was established to exceed 6,000,000 yen.

beyond what is listed in (1), specified cumulative investment listed shares, etc. specified by Cabinet Order.

listed shares, etc. acquired by entrusting the purchase toin that financial instruments business operator, etc., listed shares, etc. acquired from that financial instruments business operator, etc.,specified tax-exempt management account, only the following, out of the listed shares, etc. acquired through a public offering of listed shares, etc. conducted bylisted in paragraph (1), item (iv) of that financial instruments business operator, etc., or listed shares, etc. resident or nonresident who has a permanent establishment (excluding those acquired throughduring the exercise of share options granted with respect to listed shares, etc. entered or recorded in the transfer account book pertaining to that account or period from the day of the absence from Japan of a person who has filed a notification of continued application until the day on which the custodynotification of which has been entrustedreturn to Japan pertaining to that account, and others specified by Cabinet Order, within the period fromperson is submitted, those acquired by receiving the day on which a specified tax-exempt management account was established in that account to December 31 ofapplication of the provisions of the main clause of Article 29-2, paragraph (1), those designated, under the year that includes that day (referred to as the "acceptance period" in (c)), which are accepted into that account immediately after their acquisition and for whichrules prescribed by the financial instruments exchange prescribed in Article 2, paragraph (16) of the total amount of the consideration for acquisition of theFinancial Instruments and Exchange Act on which those listed shares, etc. accepted within that acceptance period does not exceed 2,400,000 yen (excluding those listed shares, etc. where, if accepted into that account, the case would fall under either of the following cases)are listed, as brands for which delisting from that financial instruments exchange has been decided or as brands at risk of delisting, and others specified by Cabinet Order), are to be accepted:

where listed shares, etc. acquired by entrusting the sum ofpurchase to that total amount and the base amount for the specified tax-exempt management account (meaning the amount specified financial instruments business operator, etc., listed shares, etc. acquired from that financial instruments business operator, etc., listed shares, etc. acquired through a public offering of listed shares, etc. conducted by Cabinet Order as the amount equivalent to the purchase price of that financial instruments business operator, etc., or listed shares, etc. acquired through the exercise of share options granted with respect to listed shares, etc. that entered or recorded in the resident transfer account book pertaining to that account or nonresident who the custody of which has a permanent establishment has accepted into been entrusted to that account, and others specified by Cabinet Order, within the period from the day on which a specified tax-exempt management account as of was established in that account to December 31 of the year preceding the year in question; that includes that day (referred to as the same applies"acceptance period" in paragraph (30)) exceeds 12,000,(1)), which are accepted into that account immediately after their acquisition and for which the total amount of the consideration for acquisition of the listed shares, etc. accepted within that acceptance period does not exceed 2,400,000 yen; (excluding those listed shares, etc. where, if accepted into that account, the case would fall under either of the following cases):

where the sum of that total amount and the base amount for the specified tax-exempt management account (meaning the amount specified by Cabinet Order as the amount equivalent to the purchase price of the listed shares, etc. that the resident or nonresident who has a permanent establishment has accepted into the specified tax-exempt management account as of December 31 of the year preceding that year; the same applies in paragraph (36)) exceeds 12,000,000 yen;

where the sum of the total amount of the consideration for acquisition of the listed shares, etc. accepted within that acceptance period, the total amount of the consideration for acquisition of the specified cumulative investment listed shares, etc. referred to in (b), (1) accepted into that account in the year that includes the day on which the specified tax-exempt management account pertaining to that acceptance period was established, and the base amount for the specified cumulative investment account exceeds 18,000,000 yen.

where the sum of the total amount of the consideration for acquisition of thebeyond what is listed shares, etc. accepted within that acceptance period, the total amount of the consideration for acquisition of the specified cumulative investment in (1), listed shares, etc. referred to in (a) accepted into that account in the year that includes the day on which the specified tax-exempt management account pertaining to that acceptance period was established, and the base amount for the specified cumulative investment account exceeds 18,000,000 yenby Cabinet Order.

beyond what isthe transfer of listed shares, etc. entered or recorded in (c), listed sharesthe transfer account book or held in custody in that specified cumulative investment account or specified tax-exempt management account is to be made by the method of entrusting the sale to that financial instruments business operator, etc., the method of making the transfer to that financial instruments business operator, etc. , or any other method specified by Cabinet Order.;

specified cumulative investment listed shares, etc. entered or recorded in, or held in custody in, a minor's specified cumulative investment account are to be handled as specified below until December 31 of the year preceding the reference year of that resident or nonresident who has a permanent establishment:

no transfer of custody of those specified cumulative investment listed shares, etc. from that account to an other custody account, and no return of securities pertaining to those specified cumulative investment listed shares, etc. to that resident or nonresident who has a permanent establishment, is to be made (excluding the transfer of custody or return specified below according to the category of year listed below):

each year up to and including the year preceding the year in which that resident or nonresident who has a permanent establishment is 12 years of age on March 31 of that year (referred to as the "specified reference year" in (ii) and item (x), (b)): a transfer of custody or return due to a disaster, illness or other unavoidable reason specified by Cabinet Order that is made with regard to all of the specified cumulative investment listed shares, etc. and money or other assets entered or recorded in, held in custody in, or deposited or entrusted in, that account and the specified taxable minor's account established at the same time as that account (referred to as a "return, etc. due to a disaster, etc." in (f), item (x), (b), (1) and the following paragraph), and a transfer of custody or return due to any other reason specified by Cabinet Order;

each year from the specified reference year of that resident or nonresident who has a permanent establishment onward: the transfer of custody or return specified in (i), and the transfer of custody or return in the case where that resident or nonresident who has a permanent establishment has submitted to the head of the business office of the financial instruments business operator, etc. at which that account is opened a document stating a request for the transfer of custody of those specified cumulative investment listed shares, etc. from that account to an other custody account or for the return of securities pertaining to those specified cumulative investment listed shares, etc. to that resident or nonresident who has a permanent establishment, the reason giving rise to that transfer of custody or return (limited to one for appropriating it to the payment of educational expenses or living expenses of that resident or nonresident who has a permanent establishment), and other matters specified by Order of the Ministry of Finance (such submission includes the provision, by electronic or magnetic means in lieu of the submission of that document, of the matters to be stated in that document).

no transfer of those specified cumulative investment listed shares, etc. by a method other than the methods prescribed in (d) that is specified by Cabinet Order, and no gift of them, is to be made;

the consideration for the transfer of those specified cumulative investment listed shares, etc. (including money or other assets whose amount is deemed, pursuant to the provisions of Article 37-11, paragraph (4), to be revenue pertaining to capital gains, etc. on listed shares, etc. prescribed in that paragraph; the same applies in paragraph (8)) or money or other assets delivered as dividends, etc. pertaining to those specified cumulative investment listed shares, etc. (excluding those specified by Cabinet Order) is to be deposited or entrusted in that specified taxable minor's account immediately after its receipt.

where, with respect to that account, an event by which the account ceases to meet the requirements listed in (e) or a return, etc. due to a disaster, etc. occurs, that account and the specified taxable minor's account established at the same time as that account are to be closed at the time those events (referred to as an "event for closing a tax-exempt account, etc." in paragraph (33), item (i)) occur;

beyond what is listed in (a) through (f), matters specified by Cabinet Order.

the account is established only in each year from 2024 (where the account is one to be established in each year in which the resident or nonresident who has a permanent establishment who has concluded that specified tax-exempt cumulative investment contract is under 18 years of age on January 1 of that year and in the year that includes the person's date of birth, 2027) onward (referred to as "each year of the account-setting period" in (b));

the account is established on January 1 of each year of the account-setting period (in the year that includes the day on which that submission prescribed in item (i) of a written notification of opening of a tax-exempt account (excluding one to which a written notice of account closure, a written notice of closure of a tax-exempt account or any other document specified by Order of the Ministry of Finance is attached, one in which the matters stated in the written notice of account closure prescribed in item (ixxi) or the particulars of the written notice of closure of a tax-exempt account prescribed in item (xxii) are stated, and one for which those matters stated in the written notice of account closure or those particulars of the written notice of closure of a tax-exempt account are provided by electronic or magnetic means together with the submission of that written notification of opening of a tax-exempt account prescribed in item (i); the same applies in the following paragraphparagraphs (12) and paragraph (7(13)) was made, where that submission was made during the year, the day of that submission, and where a written notice of account closure, a written notice of closure of a tax-exempt account or any other document specified by Order of the Ministry of Finance has been submitted, where a written notification of opening of a tax-exempt account in which those matters stated in the written notice of account closure or those particulars of the written notice of closure of a tax-exempt account are stated has been submitted, or where those matters stated in the written notice of account closure or those particulars of the written notice of closure of a tax-exempt account have been provided by electronic or magnetic means, the day on which the submission of those documents, the submission of that written notification of opening of a tax-exempt account or the provision of those matters stated in the written notice of account closure or those particulars of the written notice of closure of a tax-exempt account (referred to as the "submission or provision of a closure notice" in (b) and (c)) was made (where that submission or provision of a closure notice was made before January 1 of the year in which the account is to be established, that January 1));

where the submission or provision of a closure notice was made before January 1 of the year in which the account is to be established and the account is established on that day, the matters specified in paragraph (2127), item (ii) have not been provided before that day by the competent district director referred to in that paragraph pursuant to the provisions of that paragraph with regard to the matters submitted prescribed in paragraph (2026) pertaining to that submission or provision of a closure notice.

the account (limited to one established in each year in which the resident or nonresident who has a permanent establishment who has concluded that specified tax-exempt cumulative investment contract is under 18 years of age on January 1 of that year and in the year that includes the person's date of birth) is not established in any other tax-exempt account prescribed in paragraph (19).

specified tax-exempt management account: an account for keeping records of entries or records in the transfer account book or custody of listed shares, etc. entered or recorded in the transfer account book or placed in custody under a specified tax-exempt cumulative investment contract, separately from records of other transactions, which is established at the same time as a specified cumulative investment account (excluding a minor's specified cumulative investment account; the same applies in item (xi));

written notice ofspecified taxable minor's account closure: a document that : an account opened by a resident or nonresident who has a permanent establishment who has received, pursuant opened a tax-exempt account (limited to the provisions of paragraphs (13) through (15), from the head a person who is under 18 years of age on January 1 of that year or a person born during that year), at the business office of the financial instruments business operator, etc. prescribed in paragraph (13), in which the person's name and date at which that tax-exempt account is opened or at a business office of birth, the date on a corporation that has a relationship specified by Cabinet Order with that financial instruments business operator, etc., which the tax-exempt management consists of a deposit account, cumulative investmentsavings account, or specified cumulative investment account was closed, andaccount for the management of money or other matters specifiedassets entrusted by Order of the Ministry of Finance (hereinafter referred to in this Article as "matters stated in the written notice of customers (limited to such accounts in which no matters concerning transactions other than transactions under a contract for managing a specified taxable minor's account closure") are statedare handled), and which is established at the same time as that tax-exempt account;

written notice of closure of a tax-exemptcontract for managing a specified taxable minor's account: a document that a contract concluded by the resident or nonresident who has a permanent establishment has received, pursuantreferred to the provisions of paragraphs (16) through (18), fromin paragraph (1) who receives the headapplication of the business officeprovisions of the financial instruments business operator, etc. prescribed inArticle 9-8 (limited to the part pertaining to paragraph (161), in which item (iii)) and the person's name and date of birth,provisions of paragraph (1) (limited to the date on which the tax-exempt account was closed, whether or not listed sharespart pertaining to item (iii)) and the preceding three paragraphs, with the financial instruments business operator, etc. have been accepted intoat which the tax-exempt management account, cumulative investmentperson opens a tax-exempt account, specified cumulative investmentwhen opening an account or specified tax-exempt managementconsisting of the deposit account for the year that includes, savings account, or account for the daymanagement of that closure, andmoney or other matters specifiedassets entrusted by Order of the Ministry of Finance (hereinafter referredcustomers referred to in the preceding item (limited to in this Article asa contract concluded at the "particulars of the written notice of closure same time as a specified tax-exempt cumulative investment contract), in the contract document of a tax-exempt account") which the following matters are stated.provided:

deposits or entrustments of money or other assets are to be made in the taxable management account (meaning an account for keeping records of deposits or entrustments of money or other assets deposited or entrusted under a contract for managing a specified taxable minor's account, separately from records of other transactions) established in the account pertaining to those deposits or entrustments;

no withdrawal of the money or other assets deposited or entrusted in that account from that account (excluding the withdrawal specified below according to the category of year listed below) is to be made until December 31 of the year preceding the reference year of that resident or nonresident who has a permanent establishment:

each year up to and including the year preceding the specified reference year of that resident or nonresident who has a permanent establishment: a withdrawal made for the acquisition of specified cumulative investment listed shares, etc. to be entered or recorded in, or held in custody in, the tax-exempt account, and a withdrawal due to a disaster, etc. (meaning a withdrawal of that money or other assets in the case where a return, etc. due to a disaster, etc. is made with respect to specified cumulative investment listed shares, etc. entered or recorded in, or held in custody in, the tax-exempt account; the same applies in (c));

each year from the specified reference year of that resident or nonresident who has a permanent establishment onward: the withdrawal specified in (1), and the withdrawal in the case where that resident or nonresident who has a permanent establishment has submitted to the head of the business office of the financial instruments business operator, etc. at which that account is opened a document stating a request for the withdrawal of that money or other assets, the reason giving rise to that withdrawal (limited to one for appropriating it to the payment of educational expenses or living expenses of that resident or nonresident who has a permanent establishment), and other matters specified by Order of the Ministry of Finance (such submission includes the provision, by electronic or magnetic means in lieu of the submission of that document, of the matters to be stated in that document).

where, with respect to that account, an event by which the account ceases to meet the requirements listed in (b) or a withdrawal due to a disaster, etc. occurs, that account and the tax-exempt account established at the same time as that account are to be closed at the time those events (referred to as an "event for closing a specified taxable minor's account, etc." in paragraph (33), item (i)) occur;

beyond what is listed in (a) through (c), matters specified by Cabinet Order.

written notice of account closure: a document that a resident or nonresident who has a permanent establishment has received, pursuant to the provisions of paragraphs (19) through (21), from the head of the business office of the financial instruments business operator, etc. prescribed in paragraph (19), in which the person's name and date of birth, the date on which the tax-exempt management account, cumulative investment account or specified cumulative investment account was closed, and other matters specified by Order of the Ministry of Finance (hereinafter referred to in this Article as "matters stated in the written notice of account closure") are stated;

written notice of closure of a tax-exempt account: a document that a resident or nonresident who has a permanent establishment has received, pursuant to the provisions of paragraphs (22) through (24), from the head of the business office of the financial instruments business operator, etc. prescribed in paragraph (22), in which the person's name and date of birth, the date on which the tax-exempt account was closed, whether or not listed shares, etc. have been accepted into the tax-exempt management account, cumulative investment account, specified cumulative investment account or specified tax-exempt management account for the year that includes the day of that closure, and other matters specified by Order of the Ministry of Finance (hereinafter referred to in this Article as the "particulars of the written notice of closure of a tax-exempt account") are stated.

The head of the business officeWhere, by December 31 of the financial instruments business operator, etc. referred to in item (i)year preceding the reference year of the preceding paragraph a resident or nonresident who has received the submission of a written notification of opening ofa permanent establishment who opens a tax-exempt account must, promptly after receiving that submission, provide the matters stated in that written notificationand a specified taxable minor's account, an event of openingnon-performance of a tax-exempt account and other matters specified by Order ofcontract, etc. (meaning the Ministry of Finance (in the case ofoccurrence, with respect to a written notification of opening of a tax-exempt account submitted byspecified tax-exempt cumulative investment contract or a contract for managing a person specified by Cabinet Order as a person who has already given notice oftaxable minor's account or the performance thereof, of an event by which the individual number (referred to as a "person who has already notifiedrequirements listed in item (vi), (e) or item (x), (b) of the individual number" inpreceding paragraph (8)), those matters andare not met, or the individual numberclosure of that person; hereinafter referred to in this paragraph and the following paragraph as "notification particulars")a tax-exempt account or specified taxable minor's account (excluding a closure due to the competent district director for the location of the business office of that financial instruments business operator, etc. (referredoccurrence of a return, etc. due to a disaster, etc. and a closure of a tax-exempt account due to as absence from Japan); the "competent district director"same applies hereinafter in the followingthis paragraph) by the method using a specified electronic data processing system (meaning the method and in paragraphs (8) and (42)) occurs with respect to that tax-exempt account or specified by Order oftaxable minor's account, the Ministryprovisions of Finance as a method using an electronic data processing system prescribed in Article 6, paragraph (1)this Act and the Income Tax Act apply as specified below. In this case, the amount of the Act onbusiness income, the Advancementamount of Government Administration Processes That Utilize Information and Communications Technology, which is used upon notifying the district directorcapital gains, and the amount of miscellaneous income from the transfer of listed shares, etc. in advance pursuant to a tax-exempt account under the provisions of Order of the Ministry of Finance;items (i) through (iii) and the same applies hereinafter in this Article andamount of business income, the following Article). In this case, amount of capital gains, and the headamount of the business office of that financial instruments business operatormiscellaneous income from the transfer of shares, etc. must keep books forother than those written notifications of opening oflisted shares, etc. in a tax-exempt account and state or record the notification particulars therein for each person who has submitted a written notification of openingare to be calculated separately, pursuant to the provisions of a tax-exempt account.Cabinet Order:

with regard to business income, capital gains, or miscellaneous income from the transfer of listed shares, etc. in a tax-exempt account made during the period from the time the tax-exempt account was opened until the time the event of non-performance of contract, etc. occurred, the provisions of paragraphs (1) and (2) are deemed not to have applied, and those listed shares, etc. in a tax-exempt account are deemed to have been transferred, at the time the event of non-performance of contract, etc. occurred, by a transfer other than a transfer made in accordance with the method specified in the specified tax-exempt cumulative investment contract;

with regard to listed shares, etc. in a tax-exempt account that were subject to a transfer of custody to an other custody account or a return of securities pertaining to listed shares, etc. in a tax-exempt account to the resident or nonresident who has a permanent establishment (excluding a transfer of custody or return due to a reason specified by Cabinet Order prescribed in item (vi), (e), (1), (i) of the preceding paragraph; the same applies hereinafter in this item and in item (iv)) during the period from the time the tax-exempt account was opened until the time the event of non-performance of contract, etc. occurred, the provisions of paragraph (4) are deemed not to have applied, and those listed shares, etc. in a tax-exempt account are deemed to have been transferred, at the time the event of non-performance of contract, etc. occurred, by a transfer other than a transfer made in accordance with the method specified in the specified tax-exempt cumulative investment contract, for the amount at the time of withdrawal as of the time of that transfer of custody or return;

the listed shares, etc. in a tax-exempt account that gave rise to the event of non-performance of contract, etc. and the listed shares, etc. in a tax-exempt account pertaining to that tax-exempt account at the time the event of non-performance of contract, etc. occurred are deemed to have been transferred, at the time the event of non-performance of contract, etc. occurred, by a transfer other than a transfer made in accordance with the method specified in the specified tax-exempt cumulative investment contract, for the amount at the time of withdrawal as of that time;

a resident or nonresident who has a permanent establishment who had opened that tax-exempt account and to whom the provisions of item (ii) apply is deemed to have acquired, at the time of the transfer of custody or return referred to in that item, for the amount at the time of withdrawal as of that time, shares, etc. of the same class as those listed shares, etc. in a tax-exempt account in a number equivalent to the number of the listed shares, etc. in a tax-exempt account withdrawn due to that transfer of custody or return;

a resident or nonresident who has a permanent establishment who had opened that tax-exempt account and to whom the provisions of item (iii) apply is deemed to have acquired, at the time the event of non-performance of contract, etc. occurred, for the amount at the time of withdrawal as of that time, shares, etc. of the same class as the listed shares, etc. in a tax-exempt account referred to in that item (excluding those that were transferred or given as a gift as prescribed in item (vi), (e), (2) of the preceding paragraph) in a number equivalent to the number of those listed shares, etc. in a tax-exempt account, and a person who acquired the listed shares, etc. in a tax-exempt account referred to in item (iii) by gift is deemed to have acquired, at the time the event of non-performance of contract, etc. occurred, for the amount at the time of withdrawal as of that time, shares, etc. of the same class as those listed shares, etc. in a tax-exempt account.

The competent district director who has received the provision ofIn the notification particularscase referred to in the preceding paragraph is to confirm whether or not notification particulars had been provided under the provisions of the preceding paragraph to that competent district director or another district director before the time of receiving, where the provision of those notification particulars with regardrevenue pertaining to the resident or nonresident who has a permanent establishment who submitted the written notification of opening oflisted shares, etc. in a tax-exempt account pertaining to those notification particulars (hereinafter referreddeemed to in this paragraph as the "submitter"), and the competent district director who has made that confirmation must providehave been transferred under the matters specified in the followingprovisions of items according to the categories(i) through (iii) of cases listed in those items tothat paragraph is less than the headsum of the business officeacquisition cost of the financial instruments business operatorthose listed shares, etc. that received the submission of the written notification of opening ofin a tax-exempt account pertaining to those notification particulars, by the method using an electronic data processing system (meaning an electronic data processing system connecting a computer used byprescribed in Article 33, paragraph (3) of the NationalIncome Tax AgencyAct and a computer used by the headamount of the business office of that financial instruments business operator, etc. via a telecommunications line). In this case, the head ofexpenses required for the transfer thereof, or is less than the business office of that financial instruments business operator, etc. who has received necessary expenses for the transfer thereof, the provisionamount of the matters specified in item (ii) must notify the submitter thatshortfall is deemed not to exist for the written notification falls under what is specified in that item,purpose of applying the provisions of laws and of the reason therefor:regulations concerning income tax.

where notification particulars have not been provided to that competent district director or another district director before the time of receiving the provision of those notification particulars: a statement that the written notification of opening of a tax-exempt account pertaining to those notification particulars falls under neither a notification that may not be accepted pursuant to the provisions of paragraph (9) nor a notification that may not be submitted pursuant to the provisions of paragraph (11), and other matters specified by Order of the Ministry of Finance;

where notification particulars have already been provided to that competent district director or another district director before the time of receiving the provision of those notification particulars: a statement that the written notification of opening of a tax-exempt account pertaining to those notification particulars falls under a notification that may not be accepted pursuant to the provisions of paragraph (9) or a notification that may not be submitted pursuant to the provisions of paragraph (11), the reason therefor, and other matters specified by Order of the Ministry of Finance.

A Where, by December 31 of the year preceding the reference year of a resident or nonresident who has a permanent establishment who seeks to submitopens a written notification of opening of a tax-exempttax-exempt account and a specified taxable minor's account must, pursuant to the provisions, an event of non-performance of Cabinet Order, upon that submission, notify the head of the business office of contract, etc. occurs with respect to that tax-exempt account or specified taxable minor's account, the financial instruments business operator, etc. referred to in paragraph (5), item (i) of the person's name, date of birth, address (for a person who does not have an address in Japan,with which that tax-exempt account is opened must, upon the closure of the tax-exempt account due to the place specified by Orderoccurrence of that event of the Ministrynon-performance of Finance; the same applies hereinaftercontract, etc., collect income tax in this paragraph, the following paragraph and paragraph (35)) and individual number (for a person who has already notified the individual number,amount calculated by multiplying the amount obtained by deducting the name, date of birth and address;amount listed in item (ii) from the same appliesamount listed in the following paragraph),item (i) by presenting a copy of the person's certificatea tax rate of residence or any other document specified by Cabinet Order or by transmitting a digital certificate for signature, etc. prescribed in Article 37-11-3, paragraph (4), and must have15 percent, and must pay it to the State no later than the 10th day of the month following the month that includes the day of the notified matters confirmed.collection:

the total of the following amounts:

the total amount of consideration for the transfer of listed shares, etc. in a tax-exempt account pertaining to that tax-exempt account paid during the period from the day on which that tax-exempt account was opened until the day of that closure (excluding the amount of that part of the consideration for the transfer whose money or other assets were not deposited or entrusted in the specified taxable minor's account established at the same time as that tax-exempt account);

the total of the amounts at the time of withdrawal, as of the time of the transfer of custody or return, of specified cumulative investment listed shares, etc. that were subject to a transfer of custody prescribed in paragraph (6), item (ii) from that tax-exempt account to an other custody account, or a return prescribed in that item of securities pertaining to specified cumulative investment listed shares, etc. to the resident or nonresident who has a permanent establishment, during the period from the day on which that tax-exempt account was opened until the day of that closure;

the total of the amounts at the time of withdrawal, as of the day on which that tax-exempt account was closed, of the specified cumulative investment listed shares, etc. entered or recorded in the transfer account book pertaining to that tax-exempt account or held in custody in that tax-exempt account on that day.

the total of the amount of consideration for acquisition and the amount of expenses required for the acquisition, and the amount of expenses required for the transfer, of the specified cumulative investment listed shares, etc. listed in paragraph (5), item (vi), (b), (1) that were entered or recorded in, or held in custody in, that tax-exempt account during the period from the day on which that tax-exempt account was opened until the day on which that tax-exempt account was closed (excluding the amount of consideration for acquisition and the amount of expenses required for the acquisition, and the amount of expenses required for the transfer, of listed shares, etc. in a tax-exempt account whose money or other assets pertaining to the consideration for the transfer were not deposited or entrusted in the specified taxable minor's account established at the same time as that tax-exempt account, and other amounts specified by Cabinet Order).

The head of the business office of a financial instruments business operator, etc. may not accept a written notification of openingIncome tax to be collected and paid pursuant to the provisions of a tax-exempt account in which a name, date of birth, address and individual number different from those notifiedthe preceding paragraph is deemed to be income tax pertaining to withholding at the source as referred toprescribed in the precedingArticle 2, paragraph are stated, or a written notification of opening(1), item (xlv) of a tax-exempt account submitted again by a resident or nonresident who has a permanent establishment who has already opened a tax-exempt account with that financial instruments business operator, etcthe Income Tax Act, and the provisions of that Act, the Act on General Rules for National Taxes, and the National Tax Collection Act apply.

Where aA resident or nonresident who has a permanent establishment who has opened or had opened a tax-exempt account submits a written notification held a tax-exempt account with respect to income tax for a year and who has the amount of opening business income, the amount of capital gains, and the amount of miscellaneous income from the transfer of listed shares, etc. in a tax-exempt account pertaining to that tax-exempt account, as calculated under the headprovisions of the business office of a financial instruments business operator, etc. other than paragraph (6) (limited to the part pertaining to items (i) through (iii)) for the financial instruments business operatortransfer of those listed shares, etc. at which thatin a tax-exempt account has been opened, , may, with respect to income tax for that year, apply the person must attach a written noticeprovisions of Articles 120 through 127 of account closure, a written notice of closure the Income Tax Act (including as applied mutatis mutandis pursuant to Article 166 of a tax-exempt account or any other document specified by Orderthat Act) and the provisions of Article 123, paragraph (1) of the Ministry that Act (including as applied mutatis mutandis pursuant to Article 166 of Finance that Act) as applied mutatis mutandis pursuant to the written notification of opening of a tax-exempt account, state Article 37-12-2, paragraph (9) (including as applied mutatis mutandis pursuant to Article 37-13-3, paragraph (10)), by excluding the matters stated in the written noticeamount of business income, the amount of account closurecapital gains, or the particularsamount of the written notice of closuremiscellaneous income from the transfer of those listed shares, etc. in a tax-exempt account in it, or provide the matters stated calculating the amount of capital gains, etc. on listed shares, etc. prescribed in the written notice Article 37-11, paragraph (1), the amount of account closure capital losses on listed shares, etc. prescribed in Article 37-12-2, paragraph (2) or (6), the particularsamount of the written notice of closure income other than employment income and retirement income prescribed in Article 121, paragraph (1) of a tax-exempt account by electronic or magnetic means together with the submission the Income Tax Act (including as applied mutatis mutandis pursuant to Article 166 of the written notification that Act), or the amount of opening income other than miscellaneous income from public pensions, etc. prescribed in Article 121, paragraph (3) of a tax-exempt accountthat Act (including as applied mutatis mutandis pursuant to Article 166 of that Act).

A resident or nonresident who has a permanent establishment who has opened or had openedFor the purpose of applying those provisions in the case where a tax-exempt account may not submit to the headdetermination under Article 25 of the business office of a financial instruments business operator, etc. other than the financial instruments business operator, etc. at whichAct on General Rules for National Taxes (including a reassessment under Article 24 or 26 of that tax-exempt account has been opened a written notification of opening of a tax-exempt account (excluding oneAct pertaining to that determination) is made with respect to which a written notice of account closure,income tax for a written notice of closureyear of a tax-exempt accountresident or any other document specified by Order of the Ministry of Finance is attached, onenonresident who has a permanent establishment prescribed in which the matters stated inpreceding paragraph, the written noticeamount of account closure or the particulars ofbusiness income, the written notice of closureamount of a tax-exempt account are stated, and one for which the matters stated incapital gains, or the written noticeamount of account closure ormiscellaneous income from the particularstransfer of the written notice of closure oflisted shares, etc. in a tax-exempt account are provided by electronic or magnetic means together withthat falls under the submissionprovisions of that written notification of opening of a tax-exempt account (referredparagraph is not to as a "specified written notification for opening a tax-exempt account"be included in the tax base, etc. prescribed in item (ii) of the following paragraph))those Articles.

Where The head of the business office of the financial instruments business operator, etc. referred to in paragraph (5), item (i) who has received the submission of a written notification of opening of a tax-exempt account falls under any of the following written notifications, must, promptly after receiving that submission, provide the account for entries or records in the transfer matters stated in that written notification of opening of a tax-exempt account book or custody and other matters specified by Order of listed shares, etc. opened throughthe Ministry of Finance (in the submissioncase of thata written notification of opening of a tax-exempt account is deemed not to fall under a tax-exempt account from the time submitted by a person specified by Cabinet Order as a person who has already given notice of the opening of that account, individual number (referred to as a "person who has already notified the individual number" in paragraph (14)), those matters and the provisions individual number of that person; hereinafter referred to in this paragraph (5), item (i) and the following paragraph as "notification particulars") to the competent district director for the location of the business office of that financial instruments business operator, etc. (referred to as the "competent district director" in the following paragraph) by the method using a specified electronic data processing system (meaning the method specified by Order of the Ministry of Finance as a method using an electronic data processing system prescribed in Article 6, paragraph (1) of the Act on the Advancement of Government Administration Processes That Utilize Information and Communications Technology, which is used upon notifying the district director in advance pursuant to the provisions of other laws Order of the Ministry of Finance; the same applies hereinafter in this Article and regulations concerning income tax apply:the following Article). In this case, the head of the business office of that financial instruments business operator, etc. must keep books for those written notifications of opening of a tax-exempt account and state or record the notification particulars therein for each person who has submitted a written notification of opening of a tax-exempt account.

a written notification of opening of a tax-exempt account that may not be accepted pursuant to the provisions of paragraph (9), or a written notification of opening of a tax-exempt account that may not be submitted pursuant to the provisions of the preceding paragraph;

a specified written notification for opening a tax-exempt account in the case where the matters specified in paragraph (21), item (ii) have been provided by the competent district director referred to in that paragraph pursuant to the provisions of that paragraph with regard to the matters submitted prescribed in paragraph (20) pertaining to that specified written notification for opening a tax-exempt account.

Where a resident or nonresidentThe competent district director who has a permanent establishment who has opened a tax-exempt account atreceived the provision of the notification particulars referred to in the business office of a financial instruments business operator, etc. seeks to establish a tax-exempt management account, cumulative investment account, specified cumulative investment account or specified tax-exempt management account that is to be established in that tax-exempt account (hereinafter referred to in this paragraph andpreceding paragraph is to confirm whether or not notification particulars had been provided under the provisions of the preceding paragraph to that competent district director or another district director before the time of receiving the provision of those notification particulars with regard to the following paragraph as the "tax-exempt account before the change") in a tax-exempt account other than that resident or nonresident who has a permanent establishment who submitted the written notification of opening of a tax-exempt account before the change pertaining to those notification particulars (hereinafter referred to in this paragraph as an "other tax-exempt accountthe "submitter"), and the person must submit (including providing, by electronic or magnetic means,competent district director who has made that confirmation must provide the matters to be statedspecified in the written notification of change of financial instruments business operator, etc. in lieu of submitting that written notification of change of financial instruments business operator, etc.;following items according to the same applies hereinafter up to that paragraph)categories of cases listed in those items to the head of the business office of thatthe financial instruments business operator, etc., during the period from October 1 of the year preceding the year that includesreceived the day on which that tax-exempt management account, cumulative investment account, specified cumulative investment account or specifiedsubmission of the written notification of opening of a tax-exempt management account ispertaining to be established in that tax-exempt account before the change until the day on which one year has elapsed from that day, a writtenthose notification stating thatparticulars, by the person seeks to establish a tax-exempt management account, cumulative investment account, specified cumulative investment account or specified tax-exempt management account in an other tax-exempt accountmethod using an electronic data processing system (meaning an electronic data processing system connecting a computer used by the National Tax Agency and other matters specifieda computer used by Order of the Ministryhead of Finance (hereinafter referred to up to paragraph (15) as a "written notificationthe business office of change ofthat financial instruments business operator, etc."). In this case, if listed shares, etc. have already been accepted into that tax-exempt management account, cumulative investment account, specified cumulative investment account or specified tax-exempt management account on or before via a telecommunications line). In this case, the day on which that written notificationhead of the business office of change ofthat financial instruments business operator, etc. is submitted, who has received the headprovision of the business office of that financial instruments business operator, etc. may not acceptmatters specified in item (ii) must notify the submitter that the written notification of change of financial instruments business operator, etc.falls under what is specified in that item, and of the reason therefor:

where notification particulars have not been provided to that competent district director or another district director before the time of receiving the provision of those notification particulars: a statement that the written notification of opening of a tax-exempt account pertaining to those notification particulars falls under neither a notification that may not be accepted pursuant to the provisions of paragraph (15) nor a notification that may not be submitted pursuant to the provisions of paragraph (17), and other matters specified by Order of the Ministry of Finance;

where notification particulars have already been provided to that competent district director or another district director before the time of receiving the provision of those notification particulars: a statement that the written notification of opening of a tax-exempt account pertaining to those notification particulars falls under a notification that may not be accepted pursuant to the provisions of paragraph (15) or a notification that may not be submitted pursuant to the provisions of paragraph (17), the reason therefor, and other matters specified by Order of the Ministry of Finance.

Where a A resident or nonresident who has a permanent establishment who seeks to submit a written notification of changeopening of a tax-exempt account must, pursuant to the provisions of Cabinet Order, upon that submission, notify the head of the business office of the financial instruments business operator, etc. has been submitted pursuant to referred to in paragraph (5), item (i) of the provisions person's name, date of birth, address (for a person who does not have an address in Japan, the preceding place specified by Order of the Ministry of Finance; the same applies hereinafter in this paragraph, the following provisions apply:paragraph and paragraph (41)) and individual number (for a person who has already notified the individual number, the name, date of birth and address; the same applies in the following paragraph), by presenting a copy of the person's certificate of residence or any other document specified by Cabinet Order or by transmitting a digital certificate for signature, etc. prescribed in Article 37-11-3, paragraph (4), and must have the notified matters confirmed.

where the tax-exempt management account, cumulative investment account, specified cumulative investment account or specified tax-exempt management account pertaining to that written notification of change of financial instruments business operator, etc. has already been established, that tax-exempt management account, cumulative investment account, specified cumulative investment account or specified tax-exempt management account is to be closed at the time of that submission;

in each year following the year that includes the day on which that written notification of change of financial instruments business operator, etc. was submitted, the head of the business office of the financial instruments business operator, etc. that received the submission of that written notification of change of financial instruments business operator, etc. may not newly establish a tax-exempt management account, cumulative investment account or specified cumulative investment account in that tax-exempt account before the change; provided, however, that this does not apply where the head of the business office of that financial instruments business operator, etc. has, after that day, received the submission of a written notice of account closure, a written notice of closure of a tax-exempt account or any other document specified by Order of the Ministry of Finance, or the provision by electronic or magnetic means of the matters stated in the written notice of account closure or the particulars of the written notice of closure of a tax-exempt account, pursuant to the provisions of paragraph (19), and has received the provision of the matters specified in paragraph (21), item (i) from the competent district director for the location of the business office of that financial instruments business operator, etc.

The head of the business office of a financial instruments business operator, etc. that has received the submission ofmay not accept a written notification of change of financial instruments business operator, etc. must, promptly after receiving that submission, provide the name of the person who submitted that written notification of changeopening of financial instruments business operator, etc., a statement that the written notification of change of financial instruments business operator, etc. has been received, the a tax-exempt account in which a name, date on which the tax-exempt management account, cumulative investment account or specified cumulative investment account was closed,of birth, address and other matters specified by Order of the Ministry of Finance (hereinafterindividual number different from those notified as referred to in this paragraph and paragraph (21) as "change notification information") to the competent district director for the location of the business office of that financial instruments business operator, etc. by the method usingpreceding paragraph are stated, or a specified electronic data processing system, and the headwritten notification of the business officeopening of the financial instruments business operator, etc. that has provided that change notification information must deliver a written notice ofa tax-exempt account closure, or provide the matters stated in the written notice of account closuresubmitted again by electronic or magnetic means, to thea resident or nonresident who has a permanent establishment who submitted that written notification of change ofhas already opened a tax-exempt account with that financial instruments business operator, etc.

Where a resident or nonresident who has a permanent establishment who has opened or had opened a tax-exempt account seeks to cease receiving the applicationsubmits a written notification of opening of the provisions of Article 9-8 and paragraphs (1) through (4) with regard to that tax-exempt account, the person must submit (including providing, by electronic or magnetic meansa tax-exempt account to the head of the business office of a financial instruments business operator, etc. other than the financial instruments business operator, etc. at which that tax-exempt account has been opened, the matters to be stated in the person must attach a written notice of account closure, a written notificationnotice of closure of a tax-exempt account in lieu or any other document specified by Order of submitting that the Ministry of Finance to the written notification of closureopening of a tax-exempt account; , state the same appliesmatters stated in the following paragraph and paragraph (18)) towritten notice of account closure or the headparticulars of the business officewritten notice of the financial instruments business operator, etc. at which that tax-exempt account has been opened aclosure of a tax-exempt account in it, or provide the matters stated in the written notification stating that the person will close that tax-exempt account and other matters specified by Order of the Ministry of Finance (hereinafter referred to in this Article as a "notice of account closure or the particulars of the written notice of closure of a tax-exempt account by electronic or magnetic means together with the submission of the written notification of closureopening of a tax-exempt account").

Where a written notification A resident or nonresident who has a permanent establishment who has opened or had opened a tax-exempt account may not submit to the head of closure the business office of a financial instruments business operator, etc. other than the financial instruments business operator, etc. at which that tax-exempt account has been submitted, the opened a written notification of opening of a tax-exempt account pertaining (excluding one to that which a written notificationnotice of account closure , a written notice of closure of a tax-exempt account is to be closed at or any other document specified by Order of the timeMinistry of that submission, and Finance is attached, one in which the provisions matters stated in the written notice of Article 9-8 and paragraphs (1) through (3) do not apply to dividends account closure or the particulars of the written notice of closure of a tax-exempt account are stated, and similar income prescribed one for which the matters stated in that Article to be received after the written notice of account closure or the timeparticulars of that submission with regard to listed shares, etc. that had been accepted into the written notice of closure of a tax-exempt account are provided by electronic or magnetic means together with the submission of that written notification of opening of a tax-exempt account, or (referred to income from the transfer of those listed shares, etc. made after the timeas a "specified written notification for opening a tax-exempt account" in item (ii) of that submissionthe following paragraph)).

The head of the business office of a financial instruments business operator, etc. that has received the submission ofWhere a written notification of closureopening of a tax-exempt account must, promptly after receiving that submission, provide the namefalls under any of the person who submitted that written notification of closure of a tax-exempt account, a statement that thefollowing written notification of closure of a tax-exempt account has been receivednotifications, the date on which the tax-exempt account was closed, and other matters specified by Order of the Ministry of Finance (hereinafter referred tofor entries or records in this paragraph and paragraph (21) as "closure notification particulars") to the competent district director for the location of the business officetransfer account book or custody of that financial instruments business operatorlisted shares, etc. by the method using a specified electronic data processing system, and the head ofopened through the business officesubmission of the financial instruments business operator, etc. that has provided those closurewritten notification particulars must, only in the cases specified in the following items according to the categories of cases listed in those items, deliver a written notice of closure ofopening of a tax-exempt account is deemed not to fall under a tax-exempt account, or provide from the particularstime of the written notice of closureopening of a tax-exemptthat account by electronic or magnetic means, to, and the resident or nonresident who has a permanent establishment who submitted that written notification of closure of a tax-exempt accountprovisions of paragraph (5), item (i) and the provisions of other laws and regulations concerning income tax apply:

where the submission of thata written notification of closureopening of a tax-exempt account is received during the period from January 1that may not be accepted pursuant to September 30: when a tax-exempt management account, cumulative investment account the provisions of paragraph (15), or specified cumulative investment account for the year that includes the day on whicha written notification of opening of a tax-exempt account that submission is received had been established in that tax-exempt account on that daymay not be submitted pursuant to the provisions of the preceding paragraph;

where the submission of thata specified written notification of closure offor opening a tax-exempt account is received during in the case where the period from October 1 to December 31: when a tax-exempt management account, cumulative investment account or specified cumulative investment account for matters specified in paragraph (27), item (ii) have been provided by the competent district director referred to in that paragraph pursuant to the year following the year that includes the day on which that submission is received wasprovisions of that paragraph with regard to the matters submitted prescribed in paragraph (26) pertaining to be established in that tax-exempt account as of that daythat specified written notification for opening a tax-exempt account.

Where a resident or nonresident who has a permanent establishment who has opened a tax-exempt account at the business office of a financial instruments business operator, etc. seeks to establish a tax-exempt management account, cumulative investment account, specified cumulative investment account or (excluding a minor's specified tax-exempt managementcumulative investment account in that tax-exempt account by submitting a written notice of account closure, a written notice of closure of a tax-exempt account or any other document specified by Order of the Ministry of Finance, or by providing ; the same applies hereinafter up to paragraph (21) and in paragraphs (25) through (28)) or specified tax-exempt management account that is to be established in that tax-exempt account (hereinafter referred to in this paragraph and the following paragraph as the matters stated in"tax-exempt account before the written notice of change") in a tax-exempt account closure or the particulars of the written notice of closure of a tax-exempt account by electronic or magnetic meansother than that tax-exempt account before the change (hereinafter referred to in this paragraph as an "other tax-exempt account"), the person must submit those documents, (including providing, by electronic or provide magnetic means, the matters to be stated in the written noticenotification of account closure or the particulars change of financial instruments business operator, etc. in lieu of the submitting that written noticenotification of closurechange of a tax-exempt account by electronic or magnetic means, financial instruments business operator, etc.; the same applies hereinafter up to that paragraph) to the head of the business office of that financial instruments business operator, etc., during the period from October 1 of the year preceding the year pertaining tothat includes the day on which that tax-exempt management account, cumulative investment account, specified cumulative investment account or specified tax-exempt management account is to be established in that tax-exempt account before the change until the day on which one year has elapsed from that day. In this case, where listed shares, etc. have already been accepted into the , a written notification stating that the person seeks to establish a tax-exempt management account, cumulative investment account, specified cumulative investment account or specified tax-exempt management account for the year that includes the day on which the tax-exempt account was closed, in the tax-exempt account that gave rise to the delivery of that written notice of closure of aan other tax-exempt account or the provision of the particularsand other matters specified by Order of the written noticeMinistry of closure of a tax-exempt account by electronic or magnetic means, the headFinance (hereinafter referred to up to paragraph (21) as a "written notification of the business officechange of that financial instruments business operator, etc. may not, during the period from the day of that closure to September 30 of the year"). In this case, if listed shares, etc. have already been accepted into that includes that day, accept that written notice of closure of a tax-exempttax-exempt management account, cumulative investment account, specified cumulative investment account or any other document specified by Order ofspecified tax-exempt management account on or before the Ministry of Finance, or an electronic or magnetic record (meaning a record made in an electronic form, a magnetic form or any other form not recognizable to human perception, which is used in information processing by computers) recording the particulars of theday on which that written notification of change of financial instruments business operator, etc. is submitted, the head of the business office of that financial instruments business operator, etc. may not accept that written noticenotification of closurechange of a tax-exempt account provided by electronic or magnetic meansfinancial instruments business operator, etc.

The head of the business officeWhere a written notification of change of a financial instruments business operator, etc. that has received the submission or provision of a written notice of account closure, a written notice of closure of a tax-exempt account or any other document specified by Order of the Ministry of Finance referred to in paragraph (10) or the preceding paragraph (including those documents submitted attached to a written notification of opening of a tax-exempt account, the matters stated in the written notice of account closure or the particulars of the written notice of closure of a tax-exempt account in the case where a written notification of opening of a tax-exempt account in which those matters or particulars are stated has been submitted, and the matters stated in the written notice of account closure or the particulars of the written notice of closure of a tax-exempt account provided by electronic or magnetic means; hereinafter referred to in this paragraph and the following paragraph as a "closure notice") must, promptly after receiving that submission or provision, provide the name of the resident or nonresident who has a permanent establishment who made that submission or provision, a statement that the closure notice has been submitted or provided, the date on which the tax-exempt management account, cumulative investment account or specified cumulative investment account pertaining to that closure notice was closed or the date on which the tax-exempt account was closed (collectively referred pursuant to as the "date of closure" in the following paragraph), and other matters specified by Order of the Ministryprovisions of Finance (hereinafter referred to in this paragraph and the followingpreceding paragraph as the "matters submitted") to the competent district director for the location of the business office of that financial instruments business operator, etc. (referred to as , the "competent district director" in the following paragraph) by the method using a specified electronic data processing system. In this case, the head of the business office of that financial instruments business operator, etc. must keep books for those closure notices and state or record the matters submitted therein for each person who made the submission or provision of a closure notice.provisions apply:

where the tax-exempt management account, cumulative investment account, specified cumulative investment account or specified tax-exempt management account pertaining to that written notification of change of financial instruments business operator, etc. has already been established, that tax-exempt management account, cumulative investment account, specified cumulative investment account or specified tax-exempt management account is to be closed at the time of that submission;

in each year following the year that includes the day on which that written notification of change of financial instruments business operator, etc. was submitted, the head of the business office of the financial instruments business operator, etc. that received the submission of that written notification of change of financial instruments business operator, etc. may not newly establish a tax-exempt management account, cumulative investment account or specified cumulative investment account in that tax-exempt account before the change; provided, however, that this does not apply where the head of the business office of that financial instruments business operator, etc. has, after that day, received the submission of a written notice of account closure, a written notice of closure of a tax-exempt account or any other document specified by Order of the Ministry of Finance, or the provision by electronic or magnetic means of the matters stated in the written notice of account closure or the particulars of the written notice of closure of a tax-exempt account, pursuant to the provisions of paragraph (25), and has received the provision of the matters specified in paragraph (27), item (i) from the competent district director for the location of the business office of that financial instruments business operator, etc.

The competent district director who head of the business office of a financial instruments business operator, etc. that has received the provisionsubmission of those matters submitted is to confirm whether or not change notification information or closure notification particulars (limited to those whose datea written notification of change of financial instruments business operator, etc. must, promptly after receiving that submission, provide the name of closure is the same as person who submitted that written notification of those matters submitted) under change of financial instruments business operator, etc., a statement that the provisions written notification of paragraph (15) or paragraph (18) pertaining to change of financial instruments business operator, etc. has been received, the resident date on which the tax-exempt management account, cumulative investment account or nonresident who has a permanent establishment who made the submission or provisionspecified cumulative investment account was closed, and other matters specified by Order of that closure notice the Ministry of Finance (hereinafter referred to in this paragraph as the "submitter") have been provided, and and paragraph (27) as "change notification information") to the competent district director who has made that confirmation must provide the matters specified in the following items according tofor the location of the business office of that financial instruments business operator, etc. by the categories of cases listed in those items to method using a specified electronic data processing system, and the head of the business office of the financial instruments business operator, etc. that has provided those matters submitted, by the method using an electronic data processing system (meaning an electronic data processing system connecting a computer used that change notification information must deliver a written notice of account closure, or provide the matters stated in the written notice of account closure by electronic or magnetic means, to the National Tax Agency and a computer used by the head of the business officeresident or nonresident who has a permanent establishment who submitted that written notification of change of that financial instruments business operator, etc. via a telecommunications line):

where change notification information or closure notification particulars pertaining to that submitter have been provided (excluding where the case falls under the case listed in the following item): a statement that the submitter may open a tax-exempt account at the business office of that financial instruments business operator, etc. or that a tax-exempt management account, cumulative investment account or specified cumulative investment account may be established in the submitter's tax-exempt account opened at that business office, and other matters specified by Order of the Ministry of Finance;

where change notification information or closure notification particulars pertaining to that submitter have not been provided, or where matters submitted pertaining to the same submitter (limited to those with the same date of closure) have already been provided to that competent district director or another district director before the time of receiving the provision of those matters submitted: a statement that the submitter may not open a tax-exempt account at the business office of that financial instruments business operator, etc. and that a tax-exempt management account, cumulative investment account and specified cumulative investment account may not be established in the submitter's tax-exempt account opened at that business office, the reason therefor, and other matters specified by Order of the Ministry of Finance.

Where, with regard to the matters submitted prescribed in paragraph (20) pertaining to the written notice of account closure, written notice of closure of a resident or nonresident who has a permanent establishment who has opened a tax-exempt account or any other document specified by Orderseeks to cease receiving the application of the Ministryprovisions of Finance referred to in paragraph (19) (including the matters stated in the written notice ofArticle 9-8 and paragraphs (1) through (4) with regard to that tax-exempt account closure or the particulars of, the written notice of closure of a tax-exempt account providedperson must submit (including providing, by electronic or magnetic means; hereinafter referred, the matters to in this paragraph as a "be stated in the written noticenotification of account closure, etc."), the matters specified of a tax-exempt account in item (ii)lieu of the preceding paragraph have been provided by the competent district director referred tosubmitting that written notification of closure of a tax-exempt account; the same applies in that paragraph pursuant to the provisions of thatfollowing paragraph, the account established in and paragraph (24)) to the tax-exempt account throughhead of the submission or provisionbusiness office of that written notice of account closurethe financial instruments business operator, etc. for keeping records of entries or records in the transferat which that tax-exempt account book or custody of listed shares, etc. entered or recorded inhas been opened a written notification stating that the transfer account book pertaining toperson will close that account or placed in custody, separately from records of other transactions, is deemed not to fall under a specified cumulative investmenttax-exempt account and a specified tax-exempt management account from the timeother matters specified by Order of the establishmentMinistry of that account, andFinance (hereinafter referred to have been established in an account for entries or records in the transfer account book or custodythis Article as a "written notification of listed shares, etc. that does not fall underclosure of a tax-exempt account, and the provisions of paragraph (5), item (i) and items (vi) through (viii) and the provisions of other laws and regulations concerning income tax apply").

Where a resident or nonresident who haswritten notification of closure of a permanent establishment whotax-exempt account has opened a been submitted, the tax-exempt account ceasespertaining to fall under a resident or nonresident who hasthat written notification of closure of a permanent establishment duetax-exempt account is to absence from Japan (meaning, for a resident, ceasing to have an address or residence in Japanbe closed at the time of that submission, and, for a nonresident who has a permanent establishment, ceasing to have a permanent establishment; the same applies hereinafter in this paragraphprovisions of Article 9-8, paragraph (271) and paragraph (26) of the following Article), the person must, by the day before the day ofparagraphs (1) through (3) do not apply to dividends and similar income prescribed in that absence from Japan, submit (including providing, by electronic or magnetic means, the mattersparagraph to be stated inreceived after the written notification in lieutime of submitting that written notification) to the head of the business office of the financial instruments business operatorsubmission with regard to listed shares, etc. at which that had been accepted into that tax-exempt account has been opened the written notification specified in the following items according to, or to income from the transfer of those listed shares, etc. made after the categoriestime of cases listed in those items:that submission.

where a resident (excluding a person who receives the application of the provisions of Article 60-2, paragraph (1) of the Income Tax Act with regard to income tax for the year that includes the day of that absence from Japan) or a nonresident who has a permanent establishment who seeks to have listed shares, etc. accepted again into that tax-exempt account under a contract for managing tax-exempt listed shares, etc., a tax-exempt cumulative investment contract or a specified tax-exempt cumulative investment contract after a return to Japan (meaning coming to fall under a resident or nonresident who has a permanent establishment; the same applies in paragraph (25)), and whose absence from Japan is due to an order of transfer from the person paying the person's salary, etc. prescribed in Article 28, paragraph (1) of that Act or any other unavoidable reason equivalent thereto, seeks to continue to receive the application of the provisions of paragraphs (1) through (4) and Article 9-8: a written notification stating to that effect and other matters specified by Order of the Ministry of Finance (referred to as a "notification of continued application" in the following paragraph, paragraph (25) and paragraph (27));

a case other than the case listed in the preceding item: a written notification stating the person's intended absence from Japan and other matters specified by Order of the Ministry of Finance.

Where a resident or nonresident who The head of the business office of a financial instruments business operator, etc. that has a permanent establishment who has openedreceived the submission of a written notification of closure of a tax-exempt account has must, promptly after receiving that submission, provide the name of the person who submitted a that written notification of continued application pursuant to closure of a tax-exempt account, a statement that the provisions written notification of closure of a tax-exempt account has been received, the preceding paragraph, date on which the tax-exempt account was closed, and other matters specified by Order of the person is deemed Ministry of Finance (hereinafter referred to continue in this paragraph and paragraph (27) as "closure notification particulars") to fall under a resident or nonresident who has a permanent establishmentthe competent district director for the location of the business office of that financial instruments business operator, etc. by the method using a specified electronic data processing system, and the provisionshead of this Article (excluding paragraphs (6) through (15), paragraph (19) through the business office of the financial instruments business operator, etc. that has provided those closure notification particulars must, only in the preceding paragraph, paragraph (32) and paragraph (33)) and Article 9-8 apply.cases specified in the following items according to the categories of cases listed in those items, deliver a written notice of closure of a tax-exempt account, or provide the particulars of the written notice of closure of a tax-exempt account by electronic or magnetic means, to the resident or nonresident who has a permanent establishment who submitted that written notification of closure of a tax-exempt account:

where the submission of that written notification of closure of a tax-exempt account is received during the period from January 1 to September 30: when a tax-exempt management account, cumulative investment account or specified cumulative investment account for the year that includes the day on which that submission is received had been established in that tax-exempt account on that day;

where the submission of that written notification of closure of a tax-exempt account is received during the period from October 1 to December 31: when a tax-exempt management account, cumulative investment account or specified cumulative investment account for the year following the year that includes the day on which that submission is received was to be established in that tax-exempt account as of that day.

Where a person resident or nonresident who has submitted a notification of continued application under paragraph (23) seeks, aftera permanent establishment who has opened a tax-exempt account at the person's return to Japan, to again have listed sharesbusiness office of a financial instruments business operator, etc. accepted into the seeks to establish a tax-exempt management account referred to in item (i) of that paragraph under a contract for managing , cumulative investment account, specified cumulative investment account or specified tax-exempt management account in that tax-exempt listed shares, etc.,account by submitting a tax-exempt cumulative investment contract, or a written notice of account closure, a written notice of closure of a tax-exempt account or any other document specified tax-exempt cumulative investment contract, by Order of the Ministry of Finance, or by providing the person must, no later than December 31 matters stated in the written notice of account closure or the particulars of the year that includes the day on which five years have elapsed, counting fromwritten notice of closure of a tax-exempt account by electronic or magnetic means, the day on which person must submit those documents, or provide the person submitted matters stated in the notification written notice of continued application, submit a notificationaccount closure or the particulars of return to Japan (meaning a written notification stating that the written notice of closure of a tax-exempt account by electronic or magnetic means, to the person has returned to Japan, head of the business office of that financial instruments business operator, etc. during the date period from October 1 of the return to Japan, that year preceding the year pertaining to the person seeks to have listed shares, etc. accepted into the tax-exempt management account, cumulative investment account, specified cumulative investment account or specified tax-exempt management account under a contract for managing tax-exempt to be established until the day on which one year has elapsed from that day. In this case, where listed shares, etc., a have already been accepted into the tax-exempt management account, cumulative investment contract, or a account, specified cumulative investment account or specified tax-exempt cumulative investment contract, and other matters specified by Order management account for the year that includes the day on which the tax-exempt account was closed, in the tax-exempt account that gave rise to the delivery of that written notice of closure of a tax-exempt account or the Ministryprovision of Finance; the particulars of the same applies hereinafter through paragraph (27)) to written notice of closure of a tax-exempt account by electronic or magnetic means, the head of the business office of thethat financial instruments business operator, etc. to which may not, during the person submittedperiod from the notificationday of continued application (such submission includes that closure to September 30 of the provision, by electronic year that includes that day, accept that written notice of closure of a tax-exempt account or magnetic means in lieu any other document specified by Order of the submissionMinistry of the notification of return to Japan, of the matters Finance, or an electronic or magnetic record (meaning a record made in an electronic form, a magnetic form or any other form not recognizable to be stated human perception, which is used in information processing by computers) recording the notificationparticulars of return to Japan; the same applies in the following paragraph)the written notice of closure of a tax-exempt account provided by electronic or magnetic means.

The provisionshead of paragraphs (8) and (9) apply mutatis mutandis to a resident the business office of a financial instruments business operator, etc. that has received the submission or a nonresident who has a permanent establishment who submits a notification provision of a written notice of account closure, a written notice of closure of a tax-exempt account or any other document specified by Order of return to Japan and the Ministry of Finance referred to in paragraph (16) or the head preceding paragraph (including those documents submitted attached to a written notification of opening of a tax-exempt account, the business office ofmatters stated in the financial instruments business operator, etc. that has received written notice of account closure or the particulars of the notification written notice of return to Japan. In this case,closure of a tax-exempt account in the phrase "case where a written notification of opening of a tax-exempt account in which those matters or particulars are stated has been submitted, and a the matters stated in the written notificationnotice of opening account closure or the particulars of the written notice of closure of a tax-exempt account submitted againprovided by a resident electronic or magnetic means; hereinafter referred to in this paragraph and the following paragraph as a "closure notice") must, promptly after receiving that submission or a provision, provide the name of the resident or nonresident who has a permanent establishment who has already opened a made that submission or provision, a statement that the closure notice has been submitted or provided, the date on which the tax-exempt management account with , cumulative investment account or specified cumulative investment account pertaining to that closure notice was closed or the date on which the tax-exempt account was closed (collectively referred to as the "date of closure" in the following paragraph), and other matters specified by Order of the Ministry of Finance (hereinafter referred to in this paragraph and the following paragraph as the "matters submitted") to the competent district director for the location of the business office of that financial instruments business operator, etc." (referred to as the "competent district director" in paragraph (9) is deemed to be replaced with "a notification the following paragraph) by the method using a specified electronic data processing system. In this case, the head of return to Japan"the business office of that financial instruments business operator, etc. must keep books for those closure notices and state or record the matters submitted therein for each person who made the submission or provision of a closure notice.

Where a resident or a nonresidentThe competent district director who has a permanent establishment who has opened a tax-exempt account ceasesreceived the provision of those matters submitted is to fall under the category of a residentconfirm whether or not change notification information or a nonresident who has a permanent establishment dueclosure notification particulars (limited to absence from Japan, the personthose whose date of closure is deemed to have made, at the timethe same as that of the absence from Japan,those matters submitted) under the submission prescribed in provisions of paragraph (21) or paragraph (16) of a written notification of closure of a tax-exempt account to 24) pertaining to the resident or nonresident who has a permanent establishment who made the head of the business office of the financial instruments business operator, etc. at whichsubmission or provision of that closure notice (hereinafter referred to in this paragraph as the tax-exempt account is opened"submitter") have been provided, and where a person the competent district director who has submitted a notification of continued application under paragraph (23) has not submitted a notification of return to Japan under paragraph (25) by December 31 made that confirmation must provide the matters specified in the following items according to the categories of cases listed in those items to the head of the year that includesbusiness office of the day on which five years have elapsed, counting from the day on which the personfinancial instruments business operator, etc. that provided those matters submitted the notification of continued application, , by the person is deemed to have made, on that December 31, the submission prescribed in paragraph (16) of a written notification of closure ofmethod using an electronic data processing system (meaning an electronic data processing system connecting a computer used by the National Tax Agency and a tax-exempt account tocomputer used by the head of the business office of thethat financial instruments business operator, etc. to which the person submitted the notification of continued application, and the provisions of paragraphs (17) and (18) apply accordingly.via a telecommunications line):

where change notification information or closure notification particulars pertaining to that submitter have been provided (excluding where the case falls under the case listed in the following item): a statement that the submitter may open a tax-exempt account at the business office of that financial instruments business operator, etc. or that a tax-exempt management account, cumulative investment account or specified cumulative investment account may be established in the submitter's tax-exempt account opened at that business office, and other matters specified by Order of the Ministry of Finance;

where change notification information or closure notification particulars pertaining to that submitter have not been provided, or where matters submitted pertaining to the same submitter (limited to those with the same date of closure) have already been provided to that competent district director or another district director before the time of receiving the provision of those matters submitted: a statement that the submitter may not open a tax-exempt account at the business office of that financial instruments business operator, etc. and that a tax-exempt management account, cumulative investment account and specified cumulative investment account may not be established in the submitter's tax-exempt account opened at that business office, the reason therefor, and other matters specified by Order of the Ministry of Finance.

Where, on December 31 of each year from 2025 onward (hereinafter referredwith regard to as the "base date" in thismatters submitted prescribed in paragraph), there are listed shares, etc. accepted into a specified cumulative investment (26) pertaining to the written notice of account or specified tax-exempt management account established inclosure, written notice of closure of a tax-exempt account that had been opened at a business officeor any other document specified by Order of a financial instruments business operator, etc., the headMinistry of that business office of the financial instruments business operator, etc. must provideFinance referred to in paragraph (25) (including the matters stated in the name and date of birthwritten notice of the residentaccount closure or the nonresident who has a permanent establishment who has opened theparticulars of the written notice of closure of a tax-exempt account, the amount specified provided by Cabinet Order as the amount equivalentelectronic or magnetic means; hereinafter referred to the purchase price of the listed sharesin this paragraph as a "written notice of account closure, etc., and other"), the matters specified by Order in item (ii) of the Ministry of Finance (hereinafter referred to as "base amount information to be provided"preceding paragraph have been provided by the competent district director referred to in thisthat paragraph and the following paragraph)pursuant to the competent district director with jurisdiction overprovisions of that paragraph, the location of account established in the business office oftax-exempt account through the financial instruments business operator, etc., no later than January 31submission or provision of that written notice of the year following the year that includes the base date (referred to asaccount closure, etc. for keeping records of entries or records in the "reference year" in that paragraph and paragraph (30)), by the method specified by Order oftransfer account book or custody of listed shares, etc. entered or recorded in the Ministry of Finance as a method using the electronic data processing system prescribedtransfer account book pertaining to that account or placed in Article 6, paragraph (1) custody, separately from records of the Act on the Advancement of Government Administration Processes That Utilize Information other transactions, is deemed not to fall under a specified cumulative investment account and Communications Technology, which is carried out after notifying a specified tax-exempt management account from the time of the district director in advance pursuantestablishment of that account, and to the provisions of Order of the Ministry of Finance. In this case,have been established in an account for entries or records in the head of the business officetransfer account book or custody of the financial instruments business operatorlisted shares, etc. must keep books regarding the base amount information to be providedthat does not fall under a tax-exempt account, and must enter or record the base amount information to be provided for each such resident or nonresident who has a permanent establishmentthe provisions of paragraph (5), item (i) and items (vi) through (viii) and the provisions of other laws and regulations concerning income tax apply.

Where the competent district director with jurisdiction over the location of the business office of the financial instruments business operator, etc. at which a resident or nonresident who has a permanent establishment who has opened a tax-exempt account ceases to fall under a resident or nonresident who has been opened the tax-exempt account of the a permanent establishment due to absence from Japan (meaning, for a resident , ceasing to have an address or the residence in Japan, and, for a nonresident who has a permanent establishment to whom the base amount information to be provided referred to, ceasing to have a permanent establishment; the same applies hereinafter in the precedingthis paragraph, paragraph pertains, being an account in which a specified cumulative investment account for (33), item (ii) and paragraph (26) of the following Article), the person must, by the year followingday before the reference year to which the base amount information to be provided pertains is established, differs from the competent district director referred to in that paragraph, the competent district director referredday of that absence from Japan, submit (including providing, by electronic or magnetic means, the matters to be stated in the written notification in lieu of submitting that written notification) to in that paragraph who has received the head of the business office of the base amount information to be provided is to notify the competent district director for that location of financial instruments business operator, etc. at which that tax-exempt account has been opened the written notification specified in the base amount informationfollowing items according to be provided.the categories of cases listed in those items:

where a resident (excluding a person who receives the application of the provisions of Article 60-2, paragraph (1) of the Income Tax Act with regard to income tax for the year that includes the day of that absence from Japan) or a nonresident who has a permanent establishment who seeks to have listed shares, etc. accepted again into that tax-exempt account under a contract for managing tax-exempt listed shares, etc., a tax-exempt cumulative investment contract or a specified tax-exempt cumulative investment contract after a return to Japan (meaning coming to fall under a resident or nonresident who has a permanent establishment; the same applies in paragraph (31)), and whose absence from Japan is due to an order of transfer from the person paying the person's salary, etc. prescribed in Article 28, paragraph (1) of that Act (for a person who is under 18 years of age on January 1 of the year that includes the day of that absence from Japan or a person born during that year, including that order of transfer pertaining to a relative who supports that resident or nonresident who has a permanent establishment) or any other unavoidable reason equivalent thereto, seeks to continue to receive the application of the provisions of paragraphs (1) through (4) and Article 9-8: a written notification stating to that effect and other matters specified by Order of the Ministry of Finance (referred to as a "notification of continued application" in the following paragraph, paragraph (31) and paragraph (33), item (iii));

a case other than the case listed in the preceding item: a written notification stating that the person will be absent from Japan and other matters specified by Order of the Ministry of Finance.

The competent district director with jurisdiction over the location of the business office of the financial instruments business operator, etc. at which has been opened a tax-exempt account ofWhere a resident or a nonresident who has a permanent establishment in which a specified cumulative investment account for the year following the reference year is established must provide the base amount for the specified cumulative investment account and the base amount for the specified tax-exempt management account pertaining to the specified cumulative investment account and the specifiedwho has opened a tax-exempt management account established at the same time as the specified cumulative investment account, and other matters specified by Orderhas submitted a notification of the Ministry of Finance,continued application pursuant to the head of the business officeprovisions of the financial instruments business operator, etc., by a method using an electronic data processing system (meaning an electronic data processing system connecting, throughpreceding paragraph, the person is deemed to continue to fall under a resident or nonresident who has a telecommunications line, a computer used by the National Tax Agency permanent establishment, and a computer used by the head of the business officeprovisions of the financial instruments business operator, etc.). In this case, the head of the business office ofthis Article (excluding paragraphs (12) through (21), paragraph (25) through the financial instruments business operator, etc. that has received those matters must notify the resident or the nonresident who has a permanent establishment of the base amount for the specified cumulative investment accountpreceding paragraph, paragraph (38) and the base amount for the specified tax-exempt management accountparagraph (39)) and Article 9-8 apply.

Where the head of the business office a person who has submitted a notification of a financial instruments business operator, etc. has obtained, pursuantcontinued application under paragraph (29) seeks, after the person's return to the provisions of Cabinet Order, the approval ofJapan, to again have listed shares, etc. accepted into the competent district director prescribedtax-exempt account referred to in paragraph (6), (15), (18), (20), or (28) or any other provision specified by Cabinet Order (hereinafter referred to as the "competent district director" in this paragraph)item (i) of that paragraph under a contract for managing tax-exempt listed shares, etc., a tax-exempt cumulative investment contract, or a specified tax-exempt cumulative investment contract, the head person must, no later than December 31 of the business office ofyear that includes the financial instruments business operator, etc. may, notwithstanding those provisions, provide day on which five years have elapsed, counting from the day on which the matters required to be provided under those provisions (hereinafter referred person submitted the notification of continued application, submit a notification of return to as the "matters to be provided" in this paragraph) Japan (meaning a written notification stating that the person has returned to Japan, the district director specified by Order of date of the return to Japan, that the Ministry of Finance, by a method using a specified electronic data processing system or by the method referred to in paragraph (28). In this case, person seeks to have listed shares, etc. accepted into the tax-exempt account under a contract for managing tax-exempt listed shares, etc., a tax-exempt cumulative investment contract, or a specified tax-exempt cumulative investment contract, and other matters specified by Order of the provisionsMinistry of Article 9-8 and this Article apply by deeming thatFinance; the same applies hereinafter through paragraph (33)) to the head of the business office of the financial instruments business operator, etc. has providedto which the person submitted the notification of continued application (such submission includes the provision, by electronic or magnetic means in lieu of the submission of the notification of return to Japan, of the matters to be provided stated in the notification of return to Japan; the competent district directorsame applies in the following paragraph).

Where a resident or a nonresident who has a permanent establishment has a minor's account opened at a business office of a financial instruments business operator, etc. on January 1The provisions of any year from 2017 through 2023 (limitedparagraphs (14) and (15) apply mutatis mutandis to a year in which the resident or thea nonresident who has a permanent establishment is 18 years who submits a notification of age on January 1 of that year), return to Japan and to the head of the provisions business office of Article 9-8 and this Article apply by deeming thatthe financial instruments business operator, etc. that has received the resident or the nonresident who has a permanent establishment submitted notification of return to Japan. In this case, the phrase "a written notification of opening of a tax-exempt account to the head of the business officeand a written notification of the financial instruments business operator, etc. on that date, that theopening of a tax-exempt account submitted again by a resident or thea nonresident who has a permanent establishment concluded a contract for managingwho has already opened a tax-exempt listed shares, etc.account with the financial instruments business operator, etc. on that date, and that the head of the business office of the financial instruments business operator, etc. provided the notification particulars prescribed" in paragraph (6) to the competent district director prescribed in that paragraph on that date15) is deemed to be replaced with "a notification of return to Japan".

Where a resident or a nonresident who has a permanent establishment has a minor's account opened at a business office of a financial instruments business operator, etc. on January 1The provisions of any year from 2024 onward (limited to a year in which the resident or the nonresident who has a permanent establishment is 18 years of age on January 1 of that year), the provisions of Article 9-8 paragraphs (23) and this Article(24) apply by deeming that the resident or the nonresident who has a permanent establishment submitted a written notification of opening of a tax-exempt account to the head of the business office ofin the financial instruments business operator, etc. on that date, that the resident orcases listed in the nonresident who has a permanent establishment concluded afollowing items as specified tax-exempt cumulative investment contract with the financial instruments business operator, etc. on that date, and that the head of the business office of the financial instruments business operator, etc. provided the notification particulars prescribed in paragraph (6) to the competent district director prescribedrespectively in that paragraph on that date.those items:

where a tax-exempt account has been closed due to the occurrence of an event for closing a tax-exempt account, etc. or an event for closing a specified taxable minor's account, etc. with respect to a specified tax-exempt cumulative investment contract or a contract for managing a specified taxable minor's account or the performance thereof: the resident or nonresident who has a permanent establishment who has opened that tax-exempt account is deemed to have made, at the time those events occurred, the submission prescribed in paragraph (22) of a written notification of closure of a tax-exempt account to the head of the business office of the financial instruments business operator, etc. at which that tax-exempt account is opened;

where a resident or nonresident who has a permanent establishment who has opened a tax-exempt account ceases to fall under the category of a resident or nonresident who has a permanent establishment due to absence from Japan: the person is deemed to have made, at the time of that absence from Japan, the submission prescribed in paragraph (22) of a written notification of closure of a tax-exempt account to the head of the business office of the financial instruments business operator, etc. at which that tax-exempt account is opened;

where a person who has submitted a notification of continued application under paragraph (29) has not submitted a notification of return to Japan under paragraph (31) by December 31 of the year that includes the day on which five years have elapsed, counting from the day on which the person submitted that notification of continued application: the person is deemed to have made, on that December 31, the submission prescribed in paragraph (22) of a written notification of closure of a tax-exempt account to the head of the business office of the financial instruments business operator, etc. to which the person submitted that notification of continued application.

In addition to what is provided for in paragraph (8) through Where, on December 31 of each year from 2025 onward (hereinafter referred to as the preceding "base date" in this paragraph, matters concerning books to be kept by), there are listed shares, etc. accepted into a specified cumulative investment account or specified tax-exempt management account established in a tax-exempt account that had been opened at a business office of a financial instruments business operator, etc. with regard to tax-exempt accounts, matters concerning the notification in (where those listed shares, etc. are listed shares, etc. accepted into a minor's specified cumulative investment account, limited to the case where an individual the resident or the nonresident who has submitted a written notification of opening of aa permanent establishment who has opened the tax-exempt account has changed is 18 years of age or is older on January 1 of the year that includes the base date (hereinafter referred to change any matter stated in as the "reference year" through paragraph (36))), the written notification head of that business office of opening the financial instruments business operator, etc. must provide the name and date of a birth of the resident or the nonresident who has a permanent establishment who has opened the tax-exempt account after its submission, , the amount specified by Cabinet Order as the amount equivalent to the purchase price of the listed shares, etc., and other necessary matters concerning the applicationspecified by Order of the provisionsMinistry of paragraphs (1) through (7) are Finance (hereinafter referred to as "base amount information to be provided" in this paragraph and the following paragraph) to the competent district director with jurisdiction over the location of the business office of the financial instruments business operator, etc., no later than January 31 of the year following the reference year, by the method specified by Cabinet Order of the Ministry of Finance as a method using the electronic data processing system prescribed in Article 6, paragraph (1) of the Act on the Advancement of Government Administration Processes That Utilize Information and Communications Technology, which is carried out after notifying the district director in advance pursuant to the provisions of Order of the Ministry of Finance. In this case, the head of the business office of the financial instruments business operator, etc. must keep books regarding the base amount information to be provided, and must enter or record the base amount information to be provided for each such resident or nonresident who has a permanent establishment.

Where, in a year, there was a tax-exempt account opened at a the competent district director with jurisdiction over the location of the business office of athe financial instruments business operator, etc. inat which a tax-exempt management account, cumulative investmenthas been opened the tax-exempt account, or specified cumulative investment account had been established, the financial instruments business operator, etc. must, pursuant of the resident or the nonresident who has a permanent establishment to whom the base amount information to the provisions of Order ofbe provided referred to in the Ministry of Finance, prepare a report stating the name and address of the resident orpreceding paragraph pertains, being an account in which a specified cumulative investment account for the nonresident who has a permanent establishment who openedyear following the reference year to which the tax-exempt account, thebase amount of consideration for the transfer of listed shares, etc. processed in the tax-exemptinformation to be provided pertains (excluding a minor's specified cumulative investment account during that year,; the amount of dividends and similar income on listed shares, etc. in a tax-exempt account pertaining tosame applies in the following paragraph) is established, differs from the tax-exempt account, and other matters specified by Order ofcompetent district director referred to in the preceding paragraph, the Ministry of Finance, and must submit it, no later than January 31 of the year following that year, competent district director referred to in that paragraph who has received the base amount information to be provided is to notify the competent district director with jurisdiction over thefor that location of the business office of the financial instruments business operator, etc. at which the tax-exempt account is openedbase amount information to be provided.

Special provisions The competent district director with jurisdiction over the location of Articles 224, 224-3the business office of the financial instruments business operator, etc. at which has been opened a tax-exempt account of a resident or a nonresident who has a permanent establishment in which a specified cumulative investment account for the year following the reference year is established must provide the base amount for the specified cumulative investment account and the base amount for the specified tax-exempt management account pertaining to the specified cumulative investment account and the specified tax-exempt management account established at the same time as the specified cumulative investment account, and 225 other matters specified by Order of the Income Tax Act concerningMinistry of Finance, to the transferhead of listed sharesthe business office of the financial instruments business operator, etc. processed in a tax-exempt account or dividends , by a method using an electronic data processing system (meaning an electronic data processing system connecting, through a telecommunications line, a computer used by the National Tax Agency and similar income on listed sharesa computer used by the head of the business office of the financial instruments business operator, etc. in a tax-exempt account, and other necessary ). In this case, the head of the business office of the financial instruments business operator, etc. that has received those matters concerning must notify the application ofresident or the provisions nonresident who has a permanent establishment of the preceding paragraph are base amount for the specified by Cabinet Ordercumulative investment account and the base amount for the specified tax-exempt management account.

When it is necessary for an investigation concerning Where the head of the business office of a financial instruments business operator, etc. has obtained, pursuant to the submissionprovisions of Cabinet Order, the report referred to approval of the competent district director prescribed in paragraph (3512), (21), (24), (26), or (34) or any other provision specified by Cabinet Order (hereinafter referred to as the relevant officials "competent district director" in this paragraph), the head of the National Tax Agency, a Regional Taxation Bureau, or a tax office may ask questions of a person obligated business office of the financial instruments business operator, etc. may, notwithstanding those provisions, provide the matters required to be provided under those provisions (hereinafter referred to submitas the report, inspect "matters to be provided" in this paragraph) to the district director specified by Order of the Ministry of Finance, by a method using a specified electronic data processing system or by the person's tax-exempt account and method referred to in paragraph (34). In this case, the books provisions of Article 9-8 and documents or other articles concerning this Article apply by deeming that the handlinghead of listed shares, etc. inthe business office of the tax-exempt account, or request financial instruments business operator, etc. has provided the presentation or submission of those articles (including copies thereof)matters to be provided to the competent district director.

When it is necessary for an investigation concerning the submission Where a resident or a nonresident who has a permanent establishment has a minor's account opened at a business office of the report referred a financial instruments business operator, etc. on January 1 of any year from 2017 through 2023 (limited to a year in paragraph (35which the resident or the nonresident who has a permanent establishment is 18 years of age on January 1 of that year), the relevant officials provisions of Article 9-8 and this Article apply by deeming that the resident or the nonresident who has a permanent establishment submitted a written notification of opening of a tax-exempt account to the National Tax Agency, a Regional Taxation Bureau, head of the business office of the financial instruments business operator, etc. on that date, that the resident or a tax the nonresident who has a permanent establishment concluded a contract for managing tax-exempt listed shares, etc. with the financial instruments business operator, etc. on that date, and that the head of the business office may retain articles submitted of the financial instruments business operator, etc. provided the notification particulars prescribed in paragraph (12) to the investigationcompetent district director prescribed in that paragraph on that date.

When asking questions, conducting an inspection, or requesting presentation or submission under paragraph (37Where a resident or a nonresident who has a permanent establishment has a minor's account opened at a business office of a financial instruments business operator, etc. on January 1 of any year from 2024 through 2027 (limited to a year in which the resident or the nonresident who has a permanent establishment is 18 years of age on January 1 of that year), the relevant officials provisions of Article 9-8 and this Article apply by deeming that the resident or the nonresident who has a permanent establishment submitted a written notification of opening of a tax-exempt account to the National Tax Agency, a Regional Taxation Bureau, head of the business office of the financial instruments business operator, etc. on that date, that the resident or a tax office must carry a certificate showing their identification the nonresident who has a permanent establishment concluded a specified tax-exempt cumulative investment contract with the financial instruments business operator, etc. on that date, and must present it if requested by a person concernedthat the head of the business office of the financial instruments business operator, etc. provided the notification particulars prescribed in paragraph (12) to the competent district director prescribed in that paragraph on that date.

The authority of the relevant officials under paragraphs (37) and (38) must not In addition to what is provided for in paragraph (14) through the preceding paragraph, matters concerning books to be construed as being granted for kept by a financial instruments business operator, etc. with regard to tax-exempt accounts, matters concerning the purpose notification in the case where an individual who has submitted a written notification of criminal investigationopening of a tax-exempt account has changed or is to change any matter stated in the written notification of opening of a tax-exempt account after its submission, and other necessary matters concerning the application of the provisions of paragraphs (1) through (13) are specified by Cabinet Order.

In addition Where, in a year, there was a tax-exempt account opened at a business office of a financial instruments business operator, etc. in which a tax-exempt management account, cumulative investment account, or specified cumulative investment account had been established, the financial instruments business operator, etc. must, pursuant to what is provided the provisions of Order of the Ministry of Finance, prepare a report stating the name and address of the resident or the nonresident who has a permanent establishment who opened the tax-exempt account, the amount of consideration for the transfer of listed shares, etc. processed in the preceding paragraph, necessary tax-exempt account during that year, the amount of dividends and similar income on listed shares, etc. in a tax-exempt account pertaining to the tax-exempt account, and other matters concerning specified by Order of the applicationMinistry of Finance, and must submit it, no later than January 31 of the provisions year following that year, to the competent district director with jurisdiction over the location of paragraph (38) are specified by Cabinet Orderthe business office of the financial instruments business operator, etc. at which the tax-exempt account is opened.

In the case referred to in paragraph (8), the financial instruments business operator, etc. referred to in that paragraph must, by the last day of the month following the month that includes the day on which the event of non-performance of contract, etc. referred to in that paragraph occurred, deliver to the resident or nonresident who has a permanent establishment referred to in that paragraph the report prescribed in the preceding paragraph.

A financial instruments business operator, etc. may, in lieu of delivering the report under the provisions of the preceding paragraph, with the consent of the resident or nonresident who has a permanent establishment prescribed in that paragraph, provide the matters to be stated in that report by the electronic or magnetic means prescribed in Article 37-11-3, paragraph (9); provided, however, that it must deliver that report to that resident or nonresident who has a permanent establishment if requested by that person.

In the case referred to in the main clause of the preceding paragraph, the financial instruments business operator, etc. referred to in that paragraph is deemed to have delivered the report referred to in paragraph (42).

Special provisions of Articles 224, 224-3, and 225 of the Income Tax Act concerning the transfer of listed shares, etc. processed in a tax-exempt account or dividends and similar income on listed shares, etc. in a tax-exempt account, and other necessary matters concerning the application of the provisions of paragraphs (41) through (43) are specified by Cabinet Order.

When it is necessary for an investigation concerning the submission of the report referred to in paragraph (41), the relevant officials of the National Tax Agency, a Regional Taxation Bureau, or a tax office may ask questions of a person obligated to submit the report, inspect the person's tax-exempt account and the books and documents or other articles concerning the handling of listed shares, etc. in the tax-exempt account, or request the presentation or submission of those articles (including copies thereof).

When it is necessary for an investigation concerning the submission of the report referred to in paragraph (41), the relevant officials of the National Tax Agency, a Regional Taxation Bureau, or a tax office may retain articles submitted in the investigation.

When asking questions, conducting an inspection, or requesting presentation or submission under paragraph (46), the relevant officials of the National Tax Agency, a Regional Taxation Bureau, or a tax office must carry a certificate showing their identification and must present it if requested by a person concerned.

The authority of the relevant officials under paragraphs (46) and (47) must not be construed as being granted for the purpose of criminal investigation.

In addition to what is provided for in the preceding paragraph, necessary matters concerning the application of the provisions of paragraph (47) are specified by Cabinet Order.

amount of miscellaneous income from public pensions or retirement packages: the amount listed in Article 35, paragraph (2), item (i) of the Income Tax Act (where the provisions of paragraph (5) of that Article apply, the amount calculated as if those provisions did not apply);

with regard to the application of the provisions of Article 203-3 of the Income Tax Act in the case where a resident 65 years of age or older receives payment of public pensions or retirement packages, the phrase "100105,000 yen" in item (i), (a) and item (iv) of that Article is deemed to be replaced with "140145,000 yen";

With regard to the application of the provisions of Article 203-3 of the Income Tax Act and the provisions of Article 41-15-3, paragraph (2) in the case where, in any year from 2026 onward2027, a resident receives payment of public pensions or retirement packages prescribed in Article 203-2 of the Income Tax Act (hereinafter referred to in this paragraph and the following paragraph as "public pensions or retirement packages"), and the amount of public pensions or retirement packages to be received during that year is, based on the circumstances as of the day preceding the day on which the resident is first to receive payment of public pensions or retirement packages in that year, the amount specified by Cabinet Order or less, the phrase "75,000 yen" in Article 203-3, item (i), (a) and item (iv) of that Act is deemed to be replaced with "105110,000 yen", the phrase "100105,000 yen" is deemed to be replaced with "130140,000 yen", the phrase "Income Tax Act" in item (i) of that paragraph is deemed to be replaced with "Income Tax Act as applied with the terms and phrases replaced pursuant to the provisions of Article 41-16-2, paragraph (3)", the phrase "100105,000 yen" is deemed to be replaced with "130140,000 yen", and the phrase "140145,000 yen" is deemed to be replaced with "175180,000 yen".

With regard to the application of the provisions of Article 203-3 of the Income Tax Act and the provisions of Article 41-15-3, paragraph (2) in the case where, in 2026any year from 2028 onward, a resident receives payment of public pensions or retirement packages, and the amount of public pensions or retirement packages to be received during that year exceedsis, based on the circumstances as of the day preceding the day on which the resident is first to receive payment of public pensions or retirement packages in that year, the amount specified by Cabinet Order referred to in the preceding paragraphor less, the phrase "75,000 yen" in Article 203-3, item (i), (a) and item (iv) of that Act is deemed to be replaced with "100110,000 yen", the phrase "100105,000 yen" is deemed to be replaced with "125135,000 yen", the phrase "Income Tax Act" in item (i) of that paragraph is deemed to be replaced with "Income Tax Act as applied with the terms and phrases replaced pursuant to the provisions of Article 41-16-2, paragraph (4)", the phrase "100105,000 yen" is deemed to be replaced with "125135,000 yen", and the phrase "140145,000 yen" is deemed to be replaced with "165175,000 yen".

From the perspective of promoting the use of over-the-counter drugs, etc. (meaning drugs requiring guidance prescribed in Article 4, paragraph (5), item (iii) of the Act on Securing Quality, Efficacy and Safety of Products Including Pharmaceuticals and Medical Devices (Act No. 145 of 1960) and, over-the-counter drugs prescribed in item (iv) of that paragraph; and pharmacy-manufactured drugs (meaning the drugs listed in Article 2, paragraph (17), item (iii) of that Act; the same applies in item (i)); hereinafter the same applies through in this paragraph (3)and the following paragraph) that are particularly highly substitutable for drugs provided as medical treatment benefits pursuant to the provisions of the medical insurance Acts, etc. (meaning the medical insurance Acts prescribed in Article 7, paragraph (1) of the Act on Assurance of Medical Care for Elderly People and the Act on Assurance of Medical Care for Elderly People; hereinafter the same applies in this paragraph) (referred to as "drugs for medical care" in item (i) of the following paragraph), and of over-the-counter drugs, etc. whose use is found to be remarkably highly effective in rationalizing the cost of medical care benefits under medical insurance (meaning the costs required for medical treatment benefits under the provisions of the medical insurance Acts, etc.; the same applies in the items of the following paragraph), where a resident has paid, duringwithin the period from January 1, 2017 specified in each of the following items according to December 31, 2026the category of the cost of purchasing specified over-the-counter drugs, etc. listed in those items, the cost of purchasing specified over-the-counter drugs, etc. for the resident or for the resident's spouse or other relative whose living expenses are paid from the same resources as the resident, and the resident has undertaken during that year an initiative specified by Cabinet Order as an initiative for the maintenance and promotion of health and the prevention of disease, the resident may, at the resident's option, with regard to the medical expense deduction prescribed in Article 73, paragraph (3) of the Income Tax Act for that year, apply the provisions of paragraph (1) of that Article, deeming the phrase "each year" in that paragraph to be replaced with "each year from 2017 to 2026", the phrase "medical expenses for" to be replaced with "within the cost of purchasingperiod specified over-the-counter drugs, etc. prescribed inin each item of Article 41-17, paragraph (1) (Special Provisions on Medical Expense Deduction Where the Cost of Purchasing Specified Over-the-Counter Drugs, etc. Is Paid) of the Act on Special Measures Concerning Taxation according to the category of the cost of purchasing specified over-the-counter drugs, etc. prescribed in that paragraph listed in those items", the phrase "medical expenses for" to be replaced with "the cost of purchasing specified over-the-counter drugs, etc. prescribed in that paragraph for", the phrase "those medical expenses" to be replaced with "that cost of purchasing specified over-the-counter drugs, etc.", the phrase "the amount equivalent to 5 percent of the sum of the amount of gross income, the amount of retirement income and the amount of timber income of the resident for that year (or 100,000 yen, if that amount exceeds 100,000 yen)" to be replaced with "12,000 yen", and the phrase "2,000,000 yen" to be replaced with "88,000 yen". In this case, the phrase "paragraph (1)" in paragraph (3) of that Article is deemed to be replaced with "paragraph (1) (including as applied pursuant to the provisions of Article 41-17, paragraph (1) of the Act on Special Measures Concerning Taxation)".

the cost of purchasing specified over-the-counter drugs, etc. pertaining to over-the-counter drugs, etc. (excluding pharmacy-manufactured drugs) that are drugs listed in item (i) of the following paragraph (meaning drugs prescribed in Article 2, paragraph (1) of the Act on Securing Quality, Efficacy and Safety of Products Including Pharmaceuticals and Medical Devices; the same applies in the following paragraph): the period on or after January 1, 2017;

the cost of purchasing specified over-the-counter drugs, etc. other than the cost of purchasing specified over-the-counter drugs, etc. listed in the preceding item: the period from January 1, 2017 to December 31, 2031.

The cost of purchasing specified over-the-counter drugs, etc. prescribed in the preceding paragraph means the consideration for the purchase of over-the-counter drugs, etc. that are the following pharmaceuticals (meaning pharmaceuticals prescribed in Article 2, paragraph (1) of the Act on Securing Quality, Efficacy and Safety of Products Including Pharmaceuticals and Medical Devices; hereinafter the same applies in this paragraph):

among in vitro diagnostic pharmaceuticals prescribed in Article 2, paragraph (14) of the Act on Securing Quality, Efficacy and Safety of Products Including Pharmaceuticals and Medical Devices, those specified by Cabinet Order as being found to be remarkably highly effective in rationalizing the cost of medical care benefits under medical insurance through their use.

With regard to the application of the provisions of Article 120, paragraphs (4) and (5) of the preceding Income Tax Act (including as applied mutatis mutandis pursuant to Article 122, paragraph (3), Article 123, paragraph (3), Article 125, paragraph (4) and Article 127, paragraph (4) of that Act) in the case where the provisions of Article 73 of that Act are applied pursuant to the provisions of paragraph (1) are applied , the phrase "the following documents" in Article 120, paragraph (4) of that Act is deemed to be replaced with "a written statement stating the paymentname of the consideration for initiative prescribed in Article 41-17, paragraph (1) (Special Provisions on Medical Expense Deduction Where the purchaseCost of over-the-counter drugsPurchasing Specified Over-the-Counter Drugs, etc. by Is Paid) of the Act on Special Measures Concerning Taxation that the resident undertook during that year (referred to as the "initiative" in that the following paragraph made within ), the amount of the period from January 1, 2022 cost of purchasing specified over-the-counter drugs, etc. prescribed in paragraph (1) of that Article (referred to as the date "cost of purchasing specified by Cabinet Order withinover-the-counter drugs, etc." in the period fromfollowing paragraph) that day forms the basis for calculating the amount of the medical expense deduction to December 30, 2026be taken as stated in the return, and other matters specified by Order of the Ministry of Finance", the phrase "particularly highly substitutable for drugs for medical care (excluding pharmaceuticals whose usethe document set forth in item (i) of the preceding paragraph" in paragraph (5) of that Article is founddeemed to be replaced with "a document evidencing that the resident undertook during that year the initiative stated in the written statement prescribed in the preceding paragraph (limited to one stating the name of low effectiveness the resident, the year in rationalizingwhich the cost resident undertook the initiative, and other matters specified by Order of medical care benefits under the Ministry of Finance), and that written statement", the phrase "the medical insurance)" in item (i) expenses" is deemed to be replaced with "the cost of that paragraph purchasing specified over-the-counter drugs, etc.", the phrase "documents evidencing" is deemed to be replaced with "particularly highly substitutable for documents (limited to those that make clear, of the amount received, the amount falling under the cost of purchasing specified over-the-counter drugs for medical care, etc.) evidencing", and the phrase "that document" is deemed to be replaced with "these documents".

With regard to the application of the provisions of Article 120, paragraphs (4) and (5) of the Income Tax Act (including as applied mutatis mutandis pursuant to Article 122, paragraph (3), Article 123, paragraph (3), Article 125, paragraph (4) and Article 127, paragraph (4) of that Act) in the case where the provisions of Article 73 of that Act are applied pursuant to the provisions of paragraph (1), the phrase "the following documents" in Article 120, paragraph (4) of that ActBeyond what is deemed to be replaced with "a written statement stating the name of the initiative prescribed in Article 41-17, paragraph (1) (Special Provisions on Medical Expense Deduction Where the Cost of Purchasing Specified Over-the-Counter Drugs, etc. Is Paid) of the Act on Special Measures Concerning Taxation that the resident undertook during that year (referred to as the "initiative" in the following paragraph), the amount of the cost of purchasing specified over-the-counter drugs, etc. prescribed inpreceding paragraph (1) of that Article (referred to as the "cost of purchasing specified over-the-counter drugs, etc." in the following paragraph) that forms the basis, Cabinet Order provides for calculating the amount of the medical expense deduction to be taken as stated in the return, and other matters specified by Order of the Ministry of Finance", the phrase "necessary particulars concerning the document set forth in item (i)application of the preceding paragraph" in paragraph (5)provisions of that Article is deemed to be replaced with "a document evidencing that the resident undertook during that year the initiative stated in the written statement prescribed in the preceding paragraph (limited to one stating the name of the resident, the year in which the resident undertook the initiative, and other matters specified by Order of the Ministry of Finance), and that written statement", the phrase "the medical expenses" is deemed to be replaced with "the cost of purchasing specified over-the-counter drugs, etc.", the phrase "documents evidencing" is deemed to be replaced with "documents (limited to those that make clear, of the amount received, the amount falling under the cost of purchasing specified over-the-counter drugs, etc.) evidencing", and the phrase "that document" is deemed to be replaced with "these documents"1).

Beyond what is prescribed in the preceding two paragraphs, Cabinet Order provides for the necessary particulars concerning the application of the provisions of paragraph (1).

For an individual whose base income amount for the year exceeds 330165,000,000 yen (referred to as a "special eligible person" in paragraph (4)), income tax is imposed in an amount equivalent to the amount obtained by deducting the base income tax amount for that year from the amount equivalent to 22.530 percent of the amount of that excess portion.

the amount of capital gains, etc. on listed shares, etc. prescribed in Article 37-11, paragraph (1), calculated as if the provisions of Article 37-11-5, paragraph (1) and Article 37-14, paragraph (10) did not apply;

With respect to the interest and similar income or dividends and similar income listed in the items of Article 8-5, paragraph (1), or the amounts listed in the items of Article 37-11-5, paragraph (1), or the amount of business income, the amount of capital gains and the amount of miscellaneous income from the transfer of listed shares, etc. in a tax-exempt account prescribed in Article 37-14, paragraph (10), for the year of a special eligible person for whom there is an amount of income tax imposed under the provisions of paragraph (1), the provisions of Article 8-5, paragraphs (1) and (2) and, Article 37-11-5, paragraphs (1) and (2) and Article 37-14, paragraphs (10) and (11) do not apply.

With regard to the reports and statements prescribed in Article 8-4, paragraph (9), Article 9-4-2, paragraph (2), Article 29-2, paragraph (6) or (7), Article 37-11-3, paragraph (7), Article 37-14, paragraph (3541), Article 37-14-2, paragraph (27) or Article 41-2-3, paragraph (2) that are to be submitted under those provisions (hereinafter referred to as "statements and similar reports" in this Article), where the number calculated as provided by Order of the Ministry of Finance as the number of sheets of those statements and similar reports that should have been submitted during the period from January 1 to December 31 of the year before the year preceding the year that includes the due date for submitting those statements and similar reports is 30 or more, the person required to submit those statements and similar reports must, notwithstanding those provisions, provide the matters prescribed in those provisions that are to be stated in those statements and similar reports (hereinafter referred to as the "required particulars" in this Article) to the district director prescribed in those provisions by either of the following methods:

If a person required to submit statements and similar reports has obtained, as provided by Cabinet Order, the approval of the competent district director (meaning the district director prescribed in Article 8-4, paragraph (9), Article 9-4-2, paragraph (2), Article 29-2, paragraph (6) or (7), Article 37-11-3, paragraph (7), Article 37-14, paragraph (3541), Article 37-14-2, paragraph (27) or Article 41-2-3, paragraph (2)), the person may, notwithstanding those provisions and the provisions of paragraph (1), provide the required particulars of those statements and similar reports to the district director specified by Order of the Ministry of Finance by either of the methods listed in the items of that paragraph.

With regard to the provision of the required particulars made under the provisions of paragraph (1) or the preceding paragraph and the submission of an optical disc or similar medium made under the provisions of paragraph (2), the statements and similar reports are deemed to have been submitted under the provisions of Article 8-4, paragraph (9), Article 9-4-2, paragraph (2), Article 29-2, paragraph (6) or (7), Article 37-11-3, paragraph (7), Article 37-14, paragraph (3541), Article 37-14-2, paragraph (27) or Article 41-2-3, paragraph (2), and those provisions, Article 8-4, paragraphs (10) through (14), Article 9-4-2, paragraphs (3) through (7), Article 29-2, paragraphs (9) through (13), Article 37-11-3, paragraphs (12) through (16), Article 37-14, paragraphs (3746) through (4150), Article 37-14-2, paragraphs (32) through (36), Article 41-2-3, paragraphs (3) through (7) and the following Article apply.

when the person has failed to submit the report prescribed in Article 8-4, paragraph (9), the payment report on redemption money, etc. of listed securities investment trusts, etc. prescribed in Article 9-4-2, paragraph (2), the report on the granting of specified share options prescribed in Article 29-2, paragraph (6) or the report on changes of specified shares, etc. prescribed in paragraph (7) of the Article, the report prescribed in Article 37-11-3, paragraph (7), the report prescribed in Article 37-14, paragraph (3541), the report prescribed in Article 37-14-2, paragraph (27) or the statement prescribed in Article 41-2-3, paragraph (2), to the district director no later than the due date for submitting such report or statement, or has made false entries or records in such report or statement and has submitted the report or statement to the district director;

when the person has failed to deliver the written notice prescribed in Article 8-4, paragraph (4) or paragraph (5), the report prescribed in Article 37-11-3, paragraph (7), the report prescribed in Article 37-14, paragraph (42), the report prescribed in Article 37-14-2, paragraph (28) or the written notice prescribed in Article 41-12-2, paragraph (8) or (9) to the resident, nonresident with a permanent establishment, or person receiving the payment prescribed in these provisions, no later than the due date for delivering such written notice or report, or has made false entries or records in such written notice or report and has delivered the written notice or report to the resident, nonresident with a permanent establishment, or person receiving the payment, or when the person has provided false matters by electronic or magnetic means pursuant to the provisions of Article 8-4, paragraph (6), Article 37-11-3, paragraph (9), Article 37-14, paragraph (43), Article 37-14-2, paragraph (29) or Article 41-12-2, paragraph (10);

when the person has refused a request under the proviso of Article 8-4, paragraph (6), the proviso of Article 37-11-3, paragraph (8), the proviso of paragraph (9) of that Article, the proviso of Article 37-14, paragraph (43), the proviso of Article 37-14-2, paragraph (29) or the proviso of Article 41-12-2, paragraph (10) without justifiable grounds, or has made false entries or records in the written notice prescribed in the proviso of Article 8-4, paragraph (6), the report prescribed in the proviso of Article 37-11-3, paragraph (8) or the proviso of paragraph (9) of that Article, the report prescribed in the proviso of Article 37-14, paragraph (43), the report prescribed in the proviso of Article 37-14-2, paragraph (29) or the written notice prescribed in the proviso of Article 41-12-2, paragraph (10) and has delivered it to the resident, nonresident with a permanent establishment, or person receiving the payment prescribed in those provisions;

when the person has failed to answer or has given a false answer to the questions asked by the relevant officials pursuant to the provisions of Article 8-4, paragraph (10), Article 9-4-2, paragraph (3), Article 29-2, paragraph (9), Article 37-11-3, paragraph (12), Article 37-14, paragraph (3746), Article 37-14-2, paragraph (32) or Article 41-2-3, paragraph (3), or has refused, obstructed, or avoided the inspection under those provisions;

when the person, without justifiable grounds, has failed to comply with a request for the presentation or submission of articles under the provisions of Article 8-4, paragraph (10), Article 9-4-2, paragraph (3), Article 29-2, paragraph (9), Article 37-11-3, paragraph (12), Article 37-14, paragraph (3746), Article 37-14-2, paragraph (32) or Article 41-2-3, paragraph (3), or has presented or submitted books and documents or other articles (including copies thereof) containing false entries or records.

specified business assets: out of the following assets that were used for the business (excluding a real property leasing business and other businesses specified by Cabinet Order; the same applies hereinafter in this Article and Article 70-6-10) of the donor (including the spouse and other relatives who share the same livelihood with that donor and persons specified by Cabinet Order as those similar to them; the same applies in (g) of the following item) (limited to those recorded in the balance sheet of the blue return (meaning a blue return prescribed in Article 2, paragraph (1), item (xl) of the Income Tax Act, limited to one to which the provisions of Article 25-2, paragraph (34) apply; the same applies in items (iv) and (v) of the following paragraph) relating to the business income (meaning business income prescribed in Article 27, paragraph (1) of the Income Tax Act; the same applies hereinafter in this Article and Article 70-6-10) of that donor for the year preceding the year that includes the day of the gift to which the provisions of the preceding paragraph apply), the assets specified respectively below according to the category of those assets:

specified business assets: the assets specified below for each category of the following assets used for the business of the decedent (including a spouse or other relative who shares the same livelihood with that decedent and a person specified by Cabinet Order as similar thereto; the same applies in (g) of the following item and in paragraph (7)) (limited to assets recorded in the balance sheet of the blue return (meaning a blue return prescribed in Article 2, paragraph (1), item (xl) of the Income Tax Act, limited to a return to which the provisions of Article 25-2, paragraph (34) apply; the same applies in items (iv) and (v) of the following paragraph) relating to the business income of that decedent for the year preceding the year that includes the day of the commencement of the succession to which the provisions of the preceding paragraph apply):