Supplementary Provisions, Article 7Transitional Measures Concerning Nontaxability of Interest Income, etc. from Small Amounts of Deposits Held by Elderly Persons or Similar Persons
第七条（老人等の少額預金の利子所得等の非課税に関する経過措置）
The provisions of Article 10 of the new Income Tax Act apply to Deposits and Savings, Jointly Managed Trusts, or Securities prescribed in Article 10, paragraph (1) of the new Income Tax Act that an individual who has a domicile in Japan and who is an elderly person or similar person deposits, places in trust, or purchases (hereinafter referred to as "placement" in this Article) on or after April 1, 1988 (or, for ordinary deposits or anything else specified by Cabinet Order as being similar thereto (hereinafter referred to as "ordinary deposits and similar deposits" in this Article), the date specified by Cabinet Order; the same applies in paragraph (4)).
The provisions then in force continue to govern the following interest or distributions of proceeds from Deposits and Savings, Jointly Managed Trusts, or Securities prescribed in Article 10, paragraph (1) of the former Income Tax Act (hereinafter referred to as "deposits and similar savings" in this Article):
interest or distributions of proceeds to be received before April 1, 1988 (or, for interest on ordinary deposits and similar deposits, before the date specified by Cabinet Order prescribed in the preceding paragraph);
among interest or distributions of proceeds corresponding to a calculation period for interest or distributions of proceeds that includes April 1, 1988 (excluding interest on ordinary deposits and similar deposits), the part of the interest or distributions of proceeds equivalent to the amount calculated pursuant to Cabinet Order as the amount of the interest or distributions of proceeds corresponding to the period from the first day of that calculation period to March 31, 1988.
昭和六十三年四月一日を含む利子又は収益の分配の計算期間に対応する利子又は収益の分配（普通預金等の利子を除く。）のうち、その利子又は収益の分配の計算期間の初日から同年三月三十一日までの期間に対応するものの額として政令で定めるところにより計算した金額に相当する部分の利子又は収益の分配
If an individual who has a domicile in Japan and who falls under the category of an elderly person or similar person as of April 1, 1988 holds deposits and similar savings (excluding ordinary deposits and similar deposits) for which the individual made a placement before that date and which, on the day before that date, satisfy the requirements prescribed in Article 10 of the former Income Tax Act, and, during the period from April 1, 1988 to the day on which the individual, on or after that date, first receives payment of interest or distributions of proceeds on those deposits and similar savings (limited to those to be received on or after that date) (or to March 31, 1989, if that day is after March 31, 1989, or, if on or after April 1, 1988 and before either of these days the individual makes a placement of Deposits and Savings, a Jointly Managed Trust, or Securities for which the individual seeks to apply the provisions of Article 10, paragraph (1) of the new Income Tax Act at the business office of a financial institution or other such place prescribed in that paragraph, to the day on which the individual first makes such a placement), submits the statement of tax-exempt savings prescribed in Article 10, paragraph (3) of the new Income Tax Act to the district director prescribed in that paragraph via the business office of the financial institution or other such place, and the application to exempt savings from taxation prescribed in paragraph (1) of that Article relating to those deposits and similar savings to the business office of the financial institution or other such place, respectively, and, at the time of that submission, presents the documents prescribed in paragraph (5) of that Article, gives notice in a manner equivalent to that provided for in that paragraph, and receives a seal of verification (if those deposits and similar savings are a Loan Trust relating to bearer beneficiary certificates prescribed in paragraph (1), item (ii) of that Article or Securities prescribed in item (iii) of that paragraph, this is limited to when the entrustment of custody or the registration prescribed in those provisions is made at the time of that submission), then, with respect to that interest or those distributions of proceeds, the provisions of that Article apply by deeming those deposits and similar savings to have been placed at the business office of the financial institution or other such place on April 1, 1988, deeming that statement and that application to have been submitted on that date, and deeming that entrustment of custody or registration to have been made on that date, respectively.
国内に住所を有する個人で昭和六十三年四月一日において老人等に該当するものが、同日前に預入等をした預貯金等（普通預金等を除く。）で同日の前日において旧所得税法第十条に規定する要件を満たすものを有する場合において、同年四月一日から同日以後当該預貯金等の利子又は収益の分配（同日以後支払を受けるべきものに限る。）につき最初に支払を受ける日（その日が昭和六十四年三月三十一日後である場合には、同日とし、昭和六十三年四月一日以後これらの日前に新所得税法第十条第一項に規定する金融機関の営業所等において同項に規定する預貯金、合同運用信託又は有価証券で同項の規定の適用を受けようとするものの預入等をする場合には、その最初に預入等をする日とする。）までに、新所得税法第十条第三項に規定する非課税貯蓄申告書を当該金融機関の営業所等を経由して同項に規定する税務署長に、当該預貯金等に係る同条第一項に規定する非課税貯蓄申込書を当該金融機関の営業所等に、それぞれ提出し、かつ、その提出をする際に、同条第五項に規定する書類を提示して同項の規定に準じて告知をし、及び証印を受けたとき（当該預貯金等が同条第一項第二号に規定する無記名の受益証券に係る貸付信託又は同項第三号に規定する有価証券である場合には、その提出の際これらの規定に規定する保管の委託又は登録がされるときに限る。）は、当該利子又は収益の分配については、当該預貯金等は同年四月一日に当該金融機関の営業所等において預入等をしたものと、これらの申告書及び申込書は同日に提出されたものと、当該保管の委託又は登録は同日に行われたものと、それぞれみなして同条の規定を適用する。
Beyond what is provided for in the preceding three paragraphs, matters necessary for the application of the provisions of Article 10 of the new Income Tax Act and the preceding three paragraphs with respect to deposits and similar savings for which a placement was made before April 1, 1988 are specified by Cabinet Order.