①Where a person liable for the income levy of prefectural inhabitant tax has, in the previous year, made a transfer of listed shares, etc. prescribed in Article 37-11-2, paragraph (1) of the Act on Special Measures Concerning Taxation (hereinafter in this paragraph and paragraph (4) referred to as "listed shares, etc. held in a specified account") that are recorded or registered in the transfer account book relating to a specified account prescribed in Article 37-11-3, paragraph (3), item (i) of that Act (where the person has two or more specified accounts, each specified account; hereinafter in this paragraph, the following paragraph and paragraph (5) referred to as "specified account") under a listed shares, etc. custody entrustment contract prescribed in item (ii) of that paragraph, or that have been entrusted for custody to the specified account, the person is to calculate, as provided for by Cabinet Order, the amount of business income, amount of capital gains or amount of miscellaneous income arising from the transfer of those listed shares, etc. held in a specified account, separately from the amount of business income, amount of capital gains or amount of miscellaneous income arising from the transfer of shares, etc. other than those listed shares, etc. held in a specified account.

②Where a person liable for the income levy of prefectural inhabitant tax who engages in margin transactions, etc. (meaning margin transactions, etc. prescribed in Article 37-11-3, paragraph (2) of the Act on Special Measures Concerning Taxation; the same applies hereinafter in this paragraph and paragraph (5)) has, in the previous year, processed in a specified account margin transactions, etc. of listed shares, etc. prescribed in paragraph (2) of that Article under a listed shares, etc. margin transaction contract prescribed in paragraph (3), item (iii) of that Article, the person is to calculate, as provided for by Cabinet Order, the amount of business income or amount of miscellaneous income arising from the transfer of listed shares, etc. through margin transactions, etc. prescribed in paragraph (2) of that Article that were processed in that specified account (hereinafter in this paragraph and paragraph (5) referred to as "transfer of listed shares, etc. through margin transactions, etc."), separately from the amount of business income or amount of miscellaneous income arising from the transfer of shares, etc. other than that transfer of listed shares, etc. through margin transactions, etc.

③Necessary matters concerning the application of the provisions of the preceding two paragraphs are specified by Cabinet Order.

④Where a person liable for the income levy of municipal inhabitant tax has, in the previous year, made a transfer of listed shares, etc. held in a specified account, the person is to calculate, as provided for by Cabinet Order, the amount of business income, amount of capital gains or amount of miscellaneous income arising from the transfer of those listed shares, etc. held in a specified account, separately from the amount of business income, amount of capital gains or amount of miscellaneous income arising from the transfer of shares, etc. other than those listed shares, etc. held in a specified account.

⑤Where a person liable for the income levy of municipal inhabitant tax who engages in margin transactions, etc. has, in the previous year, processed in a specified account margin transactions, etc. of listed shares, etc. prescribed in Article 37-11-3, paragraph (2) of the Act on Special Measures Concerning Taxation under a listed shares, etc. margin transaction contract prescribed in paragraph (3), item (iii) of that Article, the person is to calculate, as provided for by Cabinet Order, the amount of business income or amount of miscellaneous income arising from the transfer of listed shares, etc. through margin transactions, etc. that were processed in that specified account, separately from the amount of business income or amount of miscellaneous income arising from the transfer of shares, etc. other than that transfer of listed shares, etc. through margin transactions, etc.

⑥Necessary matters concerning the application of the provisions of the preceding two paragraphs are specified by Cabinet Order.

①With regard to dividends and similar income in a withholding-selected account prescribed in Article 37-11-6, paragraph (1) of the Act on Special Measures Concerning Taxation (hereinafter in this paragraph and paragraph (6) referred to as "dividends and similar income in a withholding-selected account") received by a person liable for the income levy of prefectural inhabitant tax, the amount of interest income and amount of dividend income relating to those dividends and similar income in a withholding-selected account are to be calculated, as provided for by Cabinet Order, separately from the amount of interest income and amount of dividend income relating to interest and similar income (meaning interest and similar income prescribed in Article 23, paragraph (1) of the Income Tax Act; the same applies in paragraph (6)) and dividends and similar income (meaning dividends and similar income prescribed in Article 24, paragraph (1) of the Income Tax Act; the same applies in paragraph (6)) other than those dividends and similar income in a withholding-selected account.

②With regard to the application of the provisions of Article 24, paragraph (1), item (vi) and Article 71-31, paragraphs (1) and (2) where a special collection agent prescribed in Article 71-31, paragraph (1) for whom a withholding-selected account prescribed in Article 37-11-4, paragraph (1) of the Act on Special Measures Concerning Taxation (referred to as "withholding-selected account" in the following paragraph) has been opened collects the dividend levy of prefectural inhabitant tax pursuant to Article 71-31, paragraph (2) on dividends and similar income in a withholding-selected account prescribed in Article 37-11-6, paragraph (1) of that Act (referred to as "dividends and similar income in a withholding-selected account" in the following paragraph and paragraph (4)), the phrase "the date on which the individual is to receive payment" in those provisions is deemed to be replaced with "January 1 of the year that includes the date on which the individual is to receive payment", and the phrase "the 10th day of the month following the month containing the day of collection" in paragraph (2) of that Article is deemed to be replaced with "the 10th day of January of the year following the year containing the day of collection (or, in a case specified by Cabinet Order, the date specified by Cabinet Order)".

③Where the special collection agent referred to in the preceding paragraph calculates the amount of dividend levy of prefectural inhabitant tax to be collected and remitted on dividends and similar income in a withholding-selected account paid to a person liable for the dividend levy of prefectural inhabitant tax, and there is an amount set out in the following items with respect to the withholding-selected account relating to those dividends and similar income in a withholding-selected account, the amount of dividend levy of prefectural inhabitant tax to be collected and remitted on those dividends and similar income in a withholding-selected account is, as provided for by Cabinet Order, the amount calculated by applying the provisions of Article 71-28 on the basis that the remainder obtained by deducting the total of the amounts set out in those items from the total amount of dividends and similar income in a withholding-selected account delivered during that year is deemed to be the amount of specified dividends and similar income relating to those dividends and similar income in a withholding-selected account.

④In the case of the preceding paragraph, where, with respect to dividends and similar income in a withholding-selected account paid to the person liable for the dividend levy of prefectural inhabitant tax concerned, the amount of dividend levy of prefectural inhabitant tax already collected during that year by the special collection agent referred to in that paragraph at the time of delivery of those dividends and similar income in a withholding-selected account pursuant to Article 71-31, paragraph (2) exceeds the amount of dividend levy of prefectural inhabitant tax calculated by applying the provisions of the preceding paragraph, the special collection agent must refund to that person liable for tax the dividend levy equivalent to the amount of the excess.

⑤Necessary particulars relevant to the application of the provisions of each of the preceding paragraphs are specified by Cabinet Order.

⑥With regard to dividends and similar income in a withholding-selected account received by a person liable for the income levy of municipal inhabitant tax, the amount of interest income and amount of dividend income relating to those dividends and similar income in a withholding-selected account are to be calculated, as provided for by Cabinet Order, separately from the amount of interest income and amount of dividend income relating to interest and similar income and dividends and similar income other than those dividends and similar income in a withholding-selected account.

⑦Cabinet Order provides for the necessary particulars concerning the application of the provisions of the preceding paragraph.