Act on Special Measures Concerning Taxation

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 on or after 2025 (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 for providing information" 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 for providing information, 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 opened the tax-exempt account,year following the reference year for providing information to which the amount of consideration for the transfer of listed shares, etc. processed in the tax-exemptbase amount information 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 for providing information 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.