Supplementary Provisions

This Ministerial Order comes into effect as of April 1, 1965.

Except as otherwise provided, the provisions of the Regulation for Enforcement of the Income Tax Act as amended (hereinafter referred to as "the New Regulation") apply to income tax for 1965 and thereafter, and for income tax for 1964 and earlier, the provisions then in force continue to govern.

①The provisions of Article 2 of the New Regulation (Procedures, etc. for Not Being Taxed on Interest, etc. on Deposits and Savings of Children or Students) apply to the deposits and similar savings prescribed in that Article for which the placement prescribed in that Article was made on or after April 1, 1965 (hereinafter referred to as "the Effective Date").

②Where a child or student of a school prescribed in Article 9, paragraph (1), item (ii) (Non-taxable Income) of the Act holds, as of the enforcement of the Act, deposits or jointly managed trusts set forth in Article 6-2, paragraph (1), item (i) or (ii) (Exemption from Taxation of Interest Income on Small-Amount Deposits, etc.) of the Former Income Tax Act (Act No. 27 of 1947) that were placed or entrusted prior to the Effective Date and that satisfy the requirements prescribed in that Article and in Articles 4-20, 4-21, 4-23, and 4-25 (Statement of Tax-Exempt Savings, etc. in the Name of a Representative) of the Former Regulation for Enforcement of the Income Tax Act (Imperial Ordinance No. 110 of 1947), those deposits or jointly managed trusts are deemed to have been placed or entrusted, pursuant to the provisions of Article 2, paragraph (1) of the New Regulation, by submitting the documents prescribed in that paragraph.

①With respect to dividends and similar income prescribed in Article 24, paragraph (1) (Dividend Income) of the Act for which payment was determined during the period from January 1, 1965 to March 31 of the same year (excluding dividends of profits or interest on bearer shares and distributions of proceeds relating to beneficiary certificates of bearer Securities Investment Trusts (excluding Bond Investment Trusts)), where, by March 31, 1965, a payment report has been submitted or notification in writing has been given under Article 26 (Payment Reports on Dividend Income) and Articles 30 through 30-3 (Written Notices, etc. in the Case of Cancellation of Shares, etc.) of the Rules for Enforcement of the Income Tax Act before amendment (Ministry of Finance Order No. 29 of 1947; hereinafter referred to as "the Former Regulation"), the dividends and similar income are deemed to have been the subject of submission of reports or delivery of written notices under Article 83 (Payment Reports on Dividends and Similar Income) and Article 92 (Written Notice of Distribution of Proceeds, etc. of Open-Ended Securities Investment Trusts) of the New Regulation.

②With respect to the benefits prescribed in Article 225, paragraph (1), item (iv) (Payment Reports on Life Insurance Proceeds, etc.) of the Act for which payment was determined during the period from January 1, 1965 to March 31 of the same year, where a payment report under Article 27-2 (Payment Reports on Life Insurance Proceeds, etc.) of the Former Regulation has been submitted by March 31, 1965, those benefits need not be stated in the report submitted pursuant to the provisions of Article 86 (Payment Reports on Life Insurance Proceeds, etc.) of the New Regulation.

③With respect to the submission of the reports prescribed in Articles 86 and 87 (Payment Reports on Maturity Refunds, etc. of Casualty Insurance) of the New Regulation for income tax for 1965, the phrase "300,000 yen" in Article 86, paragraph (2), item (ii) and Article 87, paragraph (2) of the New Regulation is deemed to be replaced with "500,000 yen".

①The forms prescribed in Appended Table III (1) through Appended Table III (5) of the New Regulation apply to the statements prescribed in Article 220 (Procedures for Payment of Income Taxes Subject to Withholding) of the Act that are submitted on or after June 1, 1965, and for those statements that are submitted before that date, the provisions then in force continue to govern.

②For the time being, the forms prescribed in the New Regulation may be replaced with the forms prescribed in the corresponding provisions of the Former Regulation.