Skip to Content

Procedures of Tax exemption scheme concerning interests, etc.

(Note)The terms "JGBs", "T-Bills" and "STRIPS" in this section are book-entry transfer JGBs unless stated otherwise.

2. Procedures for nonresident individuals and foreign corporations

To be eligible for tax exemption on interests, etc. on JGBs (interests on JGBs or profit from redemption on T-Bills and STRIPS), Application Form for Withholding Tax Exemption and Application Form for Amendment must be submitted to the District Director of the Regional Tax Offices (RTO) having jurisdiction over the locations of the head offices or principal offices of the JBESP.*

  • If the JGBs are held in a transfer account with a JBESP (domestic financial institution or financial instruments firm and the like which are account management institutions of JGBs), then through the JBESP; or
  • If the JGBs are held in a transfer account with a QFI, then through the QFI, and the JBESP under which the QFI concerned has its operation.

 

Documents Timing of submission Remarks
Application Form for Withholding Tax Exemption(PDF:239KB) When the applicant first intends to be exempt from taxation** •　An identification document(PDF:26KB) must be shown upon submission.
Application Form for Amendment(PDF:174KB) If there is a change in the name or address of the applicant after submitting the Application Form for Withholding Tax Exemption, at least one day preceding the date of the first interest payment, etc. after the change has been effected
* To obtain application of tax-exemption measures for the interest, etc. on JGBｓ attributed to the trust property of Trusts Taxable on Beneficiaries approved to make transfer entry through the Bank of Japan, the nonresident individuals and foreign corporations that are the beneficiaries of said trust, shall submit, through the trustee of said trust, the Application Form for Withholding Tax Exemption and Notification Form for Amendment to the District Director of the RTO having jurisdiction over the locations of such trustee.
* *  The Application Form for Withholding Tax Exemption should be replaced in every five years. 

Operating partner of partnership agreement or trustee of Trusts Taxable on Beneficiaries (excluding FPTs)

In the events where nonresident individuals and foreign corporations that are the partners of partnership agreement or trustees of the Trusts Taxable on Beneficiaries intend to obtain tax-exemption measures, it is necessary that all such nonresident individuals and foreign corporations perform the above procedures and the operating partner of said partnership or trustee of said trust submit the documents stated below:

Documents Timing of submission Submitted to:
Notification Form for Withholding Tax Exemption on Partnership or Trust(PDF:225KB) When the applicant first intend to be exempt from taxation The District Director of RTO having jurisdiction over the location of head offices or principal offices of JBESPs :
(i) if the JGBs are held in a transfer account with a JBESP, then through the JBESP; or
(ii) if the JGBs are held in a transfer account with a QFI, then through the QFI, and the JBESP under which the QFI concerned has its operation.
Copy of Partnership or Trust Agreement
Notification Form for Amendment (PDF:118KB) When the following items have been amended after submission of Notification Form for Withholding Tax Exemption on Partnership or Trust, at least one day preceding the first interest payment date after such date of modification
  • Name of partnership or trust.
  • Address of business office, etc.
  • Name and address of operating partner or trustee
  • Name and address of each member of partnership or beneficiaries of trust whether Application Form for Withholding Tax Exemption has been filed or not, and proportion of distribution of profits and losses

* The Application Form for Withholding Tax Exemption should be replaced in every five years. 



HOME