Article 394Declaration of Fixed Assets Valued by the Prefectural Governor or the Minister for Internal Affairs and Communications

The owner of a fixed asset to be valued by the prefectural governor or the Minister for Internal Affairs and Communications under Article 389, paragraph (1), who has a tax liability for fixed assets tax, must, as provided by Ministerial Order, declare to the prefectural governor or the Minister, by January 31 each year, with respect to that fixed asset as of January 1 of each year, the matters to be registered in the fixed assets tax ledger, the matters entered therein, and other matters necessary for the valuation of the fixed asset.