Supplementary Provisions, Article 4Transitional Measures regarding Requirements, etc. for Specified Public Interest Trusts

The provisions of Article 217-2, paragraphs (3) through (5) of the Order for Enforcement of the Income Tax Act prior to the amendment by this Cabinet Order (hereinafter referred to as the "Former Order"), which are based on the provisions of Article 78, paragraph (3) of the Income Tax Act prior to the amendment by the provisions of Article 1 of the Act Partially Amending the Income Tax Act, etc. (Act No. 8 of 2024; hereinafter referred to as the "Amending Act") that are to remain in force pursuant to the provisions of Article 3, paragraph (1) of the Supplementary Provisions of the Amending Act, remain in force. In this case, the phrase "competent minister" in Article 217-2, paragraph (3) of the Former Order is deemed to be replaced with "competent minister (including the governor of a prefecture or other executive body that is to perform the affairs falling within the authority of the competent authority for the relevant specified public interest trust, except where that specified public interest trust is a public interest trust whose purpose is what is set forth in item (ii); the same applies in the following paragraph)", and the phrase "items of paragraph (1) for a public interest trust for which the certification has been issued" in Article 217-2, paragraph (4) of the Former Order is deemed to be replaced with "items of Article 217-2, paragraph (1) (Requirements, etc. for Specified Public Interest Trusts) of the Order for Enforcement of the Income Tax Act prior to amendment by the Cabinet Order Partially Amending the Order for Enforcement of the Income Tax Act (Cabinet Order No. 141 of 2024) for a public interest trust".