Article 43Notice of Change Concerning Tax-Exempt Savings

①Where an individual who has submitted a statement of tax-exempt savings comes, after that submission, to fall under any of the following cases, that person must, without delay, submit a return form stating that fact and other matters specified by Ministry of Finance Order, via the business office of the financial institution or other such place through which the statement of tax-exempt savings was submitted (where the case falls under that prescribed in the following paragraph, paragraph (3), or paragraph (1) of the following Article, the business office or similar place receiving the transfer prescribed in those provisions), to the competent district director with jurisdiction over the person's place of domicile (for a change of domicile within Japan, the domicile before the change, and for a change of domicile from a place outside Japan to a place within Japan other than the former domicile, that former domicile). In this case, upon that submission, the person must present to the head of the business office of that financial institution or other such place the person's identity verification document (in the case falling under item (i), that identity verification document or a copy of the certificate of residence certifying the person's name or domicile before the change and name or domicile after the change or other document specified by Ministry of Finance Order; hereinafter in this paragraph referred to as "identity verification document, etc.") or transmit the person's electronic certificate for signature or similar record (meaning the electronic certificate for signature or similar record prescribed in Article 10, paragraph (5) (Nontaxability of Interest Income from Small Amounts of Deposits Held by Persons with Disabilities and Other Eligible Persons) of the Act; the same applies hereinafter in this paragraph), and the head of the business office of that financial institution or other such place must confirm that the name, domicile, or individual number after the change stated or recorded in that return form (including an electronic or magnetic record recording the matters to be stated in that return form that have been provided by electronic or magnetic means; the same applies hereinafter in this paragraph) is identical to the name, domicile, or individual number stated or recorded in that identity verification document, etc. or electronic certificate for signature or similar record, and must state or record in that return form the fact that the confirmation has been made and other matters specified by Ministry of Finance Order.

②Where an individual who has submitted a statement of tax-exempt savings, after that submission, requests the business office of a financial institution or other such place that accepts or takes on the person's deposits and similar savings subject to the application of Article 10, paragraph (1) of the Act (hereinafter in this paragraph, paragraph (4), and Article 47-3, paragraph (3) (Special Provisions for Submission of Notifications, etc.) referred to as the "business office or similar place before the transfer") to transfer all of the administrative work concerning those deposits and similar savings to a business office of a financial institution or other such place other than the business office or similar place before the transfer (limited to the business office, office, or similar place of a person listed in the items of Article 32 (Scope of Financial Institutions, etc.) pertaining to the business office or similar place before the transfer stated in that statement, or of a person that has concluded with that person a contract on succession to obligations pertaining to Deposits and Savings; hereinafter in this paragraph referred to as the "business office or similar place receiving the transfer"), and that transfer is to be made, if the individual wishes to continue to have Article 10, paragraph (1) of the Act apply to those deposits and similar savings at the business office or similar place receiving the transfer, the individual must, at the time of requesting that transfer, submit a return form stating that fact, the person's name, date of birth, domicile, and individual number, and other matters specified by Ministry of Finance Order, via the business office or similar place before the transfer and the business office or similar place receiving the transfer, to the competent district director with jurisdiction over the person's place of domicile.

③Where an individual who has submitted a statement of tax-exempt savings, after that submission, has acquired Securities subject to the application of Article 10, paragraph (1) of the Act (including beneficiary certificates of bearer Loan Trusts pertaining to jointly managed or similar type of trusts or of specific form of Bond-Based Investment Trust Under Public Offering; hereinafter in this paragraph and paragraph (7) referred to as "specified Securities") and, as a result of any of the following grounds arising with respect to the specified business (meaning business pertaining to the purchase by that individual, at the specified business office or similar place, of Securities (including beneficiary certificates of bearer Loan Trusts pertaining to jointly managed or similar type of trusts or of specific form of Bond-Based Investment Trust Under Public Offering); the same applies hereinafter in this paragraph) of a person listed in the items of Article 32 (hereinafter in this paragraph referred to as a "specified financial institution") pertaining to the business office of a financial institution or other such place that has made an entry or record in a transfer account book of a financial institution, accepted custody, or acted as intermediary for custody, of those specified Securities pursuant to Article 37, paragraph (1) or (2) (Records, etc. of Securities) (hereinafter in this paragraph, the following paragraph, and Article 47-3, paragraph (3) referred to as the "specified business office or similar place"), requests the specified business office or similar place, by the day on which one year has passed counted from the day on which that ground arose (where that ground is that listed in item (i) and the period specified for the suspension of the specified business in that item ends before that day, the last day of that period), to transfer all of the administrative work concerning those specified Securities to a business office of a financial institution or other such place other than the specified business office or similar place (limited to the business office, office, or similar place of a person that has concluded with the specified financial institution a contract on the transfer of administrative work concerning specified Securities (including, where the individual has entrusted custody of the specified Securities acquired to the specified business office or similar place, succession to the contract on the entrustment of custody of the specified Securities; the same applies hereinafter in this Article); hereinafter in this paragraph referred to as the "business office or similar place receiving the transfer"), and that transfer is to be made, if the individual wishes to continue to have Article 10, paragraph (1) of the Act apply, at the business office or similar place receiving the transfer, to the specified Securities acquired, the individual must, at the time of requesting that transfer, submit a return form stating that fact, the person's name, date of birth, domicile, and individual number, and other matters specified by Ministry of Finance Order, via the specified business office or similar place and the business office or similar place receiving the transfer, to the competent district director with jurisdiction over the person's place of domicile.

④When a notice under the preceding two paragraphs has been accepted by the business office or similar place receiving the transfer prescribed in those provisions, with regard to the application of Article 10 of the Act and the provisions of this Section to the deposits and similar savings that have been transferred, on or after the date of the transfer prescribed in those provisions, the acceptance of an application to exempt savings from taxation, the confirmation under the provisions of paragraph (5) of that Article, and other procedures carried out by the head of the business office or similar place before the transfer or the specified business office or similar place pertaining to those deposits and similar savings are deemed to have been carried out by the head of that business office or similar place receiving the transfer. In this case, where the individual who submitted that notice has already submitted, via that business office or similar place receiving the transfer, a statement of tax-exempt savings concerning the matters listed in the items of paragraph (3) of that Article (limited to matters concerning deposits and similar savings of the same type as those deposits and similar savings), it is deemed that, on the date of the transfer, a change has been made to the maximum limitation listed in item (iii) of that paragraph stated in that statement (where a declaration of change to the tax-exempt savings limit has been submitted, the maximum limitation after the change; the same applies hereinafter in this paragraph), such that that maximum limitation becomes an amount equivalent to the sum of that maximum limitation and the maximum limitation listed in that item stated in the statement of tax-exempt savings submitted via the business office or similar place before the transfer or the specified business office or similar place.

⑤An individual to whom the latter sentence of the preceding paragraph applies must, without delay on or after the date of the transfer prescribed in the preceding paragraph, as provided in Article 10 of the Act and this Section, submit a declaration of change to the tax-exempt savings limit for the maximum limitation after the change that is deemed to have been made under the latter sentence of the preceding paragraph. In this case, that declaration must indicate that it is submitted in reliance on the application of this paragraph.

⑥Where a notice under the provisions of paragraphs (1) through (3) (hereinafter referred to as a "notice of change concerning tax-exempt savings" in this Section) has been submitted to the district director prescribed in those provisions, it is deemed to have been submitted on the day on which the business office of the financial institution or other such place prescribed in those provisions accepted it.

⑦After the transfer of all affairs concerning the deposits and similar savings prescribed in paragraph (2) or the transfer of all affairs concerning the specified Securities prescribed in paragraph (3), an application to exempt savings from taxation for the deposits and similar savings pertaining to those transfers may be submitted only to the business office or similar place receiving the transfer prescribed in those provisions.