Article 51-4Submission of Tax-Exemption Return Forms Concerning Interest, etc. on Public and Corporate Bonds, etc.

①Where a public corporation, etc. or the trustee of a public interest trust, etc. seeks to receive the application of Article 11, paragraphs (1) and (2) (Nontaxability of Public Corporations and Charitable Trusts) of the Act with respect to the interest and similar income on public and corporate bonds, etc. that it is to be paid, it must, by the day preceding the day on which it is to be paid the interest and similar income on those public and corporate bonds, etc., submit the return form prescribed in Article 11, paragraph (3) of the Act, through the office of a financial institution or similar body and the payer (meaning the payer prescribed in Article 11, paragraph (3) of the Act; the same applies hereinafter in this paragraph and paragraph (6)), to the competent district director with jurisdiction over the place for tax payment of that payer for that interest and similar income under Article 17 (Locality for Paying Over Withholding Tax) of the Act (or, where a designation has been made under Article 18, paragraph (2) (Designation of Locality for Paying Over Taxes) of the Act, the place for tax payment so designated).

②The head of the office of a financial institution or similar body set forth in the preceding paragraph must not accept the return form if the matters concerning the entry or record, custody, or brokering of transfer of Securities pertaining to the public and corporate bonds, etc. stated in the return form set forth in that paragraph differ from the matters concerning the entry or record, custody, or brokering of transfer of Securities pertaining to those public and corporate bonds, etc. stated in the books set forth in paragraph (2) of the preceding Article.

③In the case referred to in paragraph (1), when the return form set forth in that paragraph is accepted by the office of a financial institution or similar body set forth in that paragraph, that return form is deemed to have been submitted to the district director set forth in that paragraph on the day on which it was accepted.

④A public corporation, etc. or the trustee of a public interest trust, etc. set forth in paragraph (1) may, in lieu of submitting a return form pursuant to that paragraph, provide the matters to be stated in that return form to the office of a financial institution or similar body set forth in that paragraph by electronic or magnetic means (meaning the electronic or magnetic means prescribed in Article 11, paragraph (4) of the Act; the same applies in paragraph (6)). In this case, that public corporation, etc. or the trustee of that public interest trust, etc. is deemed to have submitted that return form to that office of a financial institution or similar body.

⑤With respect to the application of paragraph (3) in the case where Article 11, paragraph (4) of the Act or the preceding paragraph applies, the phrase "the return form set forth in that paragraph is" in that paragraph is deemed to be replaced with "the matters to be stated in the return form set forth in that paragraph are", the phrase "accepted by" with "provided to", and the phrase "the day on which it was accepted" with "the day on which they were provided".

⑥The head of the office of a financial institution or similar body that has accepted the return form set forth in paragraph (1) may, in lieu of submitting a return form pursuant to that paragraph, provide the matters to be stated in that return form to the payer set forth in that paragraph by electronic or magnetic means. In this case, the head of that office of a financial institution or similar body is deemed to have submitted that return form to that payer.