Tax Exemption Scheme

When receiving interest payments

• Who submits
  Nonresident individuals, etc., who receive interest payments
• Document to submit
  Statement of the Holding Period
• When to submit (Submission deadline)
  At least one day preceding the interest payment date
• Where to submit
  A qualified foreign intermediary or specified book-entry transfer institution, etc.

• Exceptions

  • When a specified book-entry transfer institution, etc., or qualified foreign intermediary has established a tax-exempt category account and has submitted particulars of the calculation of withholding income tax, the Statement of the Holding Period need not be submitted.
  • When a specified book-entry transfer institution, etc., or qualified foreign intermediary has submitted a document stating the holding period, etc., prepared on the basis of detailed calculations of books for each investor, the Statement of the Holding Period need not be submitted.

• Form Completion Guide

  • Sections to be completed by nonresident individuals, etc.

    ①Date

    ②Name of tax office with jurisdiction over issuer

    ②'Name of issuer

    ③Name of specified book-entry transfer institution, etc., or qualified foreign intermediary

    ④Address of specified book-entry transfer institution, etc., or qualified foreign intermediary

    ⑤Address of nonresident individual, etc.

    ⑥Name of nonresident individual, etc.

    ⑦Name of qualified foreign securities investment trust

    ⑧Name of issue

    ⑨Interest payment date

    ⑩Interest amount

    • When the first day of the holding period of a book-entry transfer JLGB by a nonresident individual or a foreign corporation falls on a day prior to the first day of the calculation period for interest accrual on the book-entry transfer JLGB:
      → The amount of interest corresponding to the interest calculation period
    • When the first day of the holding period of a book-entry transfer JLGB by a nonresident individual or a foreign corporation falls either on the first day or on a day after the first day of the calculation period for interest accrual on the book-entry transfer JLGB:
      → The amount derived by multiplying the amount of interest corresponding to the interest calculation period by the number of days holding the book-entry transfer JLGB, divided by the number of days of the interest calculation period

    ⑪First day of the holding period

    • When the first day of the holding period of a book-entry transfer JLGB by a nonresident individual or a foreign corporation falls on a day prior to the first day of the calculation period for interest accrual on the book-entry transfer JLGB: The first day of the calculation period
    • When the first day of the holding period of a book-entry transfer JLGB by a nonresident individual or a foreign corporation falls either on the first day or on a day after the first day of the calculation period for interest accrual on the book-entry transfer JLGB: The first day of the holding period
    • If continuous calculation is applied to the holding period of the previous owner, etc.: The first day after continuous calculation

* Headings may be supplemented, deleted, circled, checked or indicated in other ways as appropriate according to the purpose of use