Law for Partial Amendments to the Income Tax Law

In Article 3 item 1, "and financial wards" shall be amended as ", financial wards and port service bureau as provided for by the Port and Harbour Law" ;in item 2 of the same Article, ", and Japanese Government Corporation for Housing of Allied Personnel" shall be added next to "Corporations established under laws and orders" ;in item 7 of the same Article, "Shipping Control Association" shall be amended as Civil Merchant Marine Commission ";in item 10 of the same Article," and Fund for Payment of the Medical Fee of the Social Insurance "shall be amended as" , Fund for Payment of the Medical Fee of the Social Insurance and Japan Broadcasting Corporation ";and in item 11 of the same Article," unions that are juridical person of national public service or other bodies under the provision of Article 98 of the National Public Service Law "shall be amended as" bodies that are juridical person of national public service or local public service under the provisions of Article 98 of the National Public Service Law or Article 54 of the Local Public Service Law".

In Article 5 paragraph 1 item 1, "(or paid-up amount as regards shares of stock or investment;hereinafter the same in this Article)" shall be deleted;in item 3 of the same paragraph, "paidup amount of shares of stock" shall be amended as "the value" ;and the following one item shall be added to the same paragraph:

4.　In a case where an individual owns shares of stock, if a corporation having issued the shares of stock has transferred the whole or a part of reserves as provided for in Article 16 of the Corporation Tax Law into its capital, the amount of such part of reserves transferred to its capital as corresponds to the shares of stock owned by individual concerned.

In paragraph 2 of the same Article, "each item of the preceding paragraph" shall be amended as "items 1 to 3 inclusive of the preceding paragraph" , "in case the properties thus received are shares of stock or investment of corporations other than the said corporation, that part of the paid-up amount thereof which is required or the acquisition of shares of stock or investment of the said corporation" as "in case the properties thus received are shares of stock or investment the excess amount of the amount of shares of stock or investment concerned over such amount as required for the acquisition of shares of stock or investment which was the cause for the acquisition of the said properties" ;and the following one paragraph shall be added to the same Article:

The amount of the stock or investment included in the property which was acquired due to the redemption of stocks, decrease in capital, retirement, secession, decrease in investment or dissolution in a case under the provision of paragraph 1 item 1 or 2, and the amount of stock or investment which was acquired due to amalgamation in a case under item 3 of the same paragraph shall be the face value of the stock or the amount of the investment for the purpose of the application of the provisions of the preceding two paragraphs and of paragraph 2 of the same Article as applies mutatis mutandis in Article 10-(2) paragraph 4; provided that, if the corporation which issues the stocks acquired in a case under paragraph 1 item 1 or 2 issues no-par stocks, or if, in a case under item 3 of the same paragraph, no-par stocks are issued as the result of the amalgamation, the value of the stocks concerned shall be the amount prescribed respectively in item 1 or 2:

1.　The amount of capital of the corporation at the time of the decision with respect to the redemption of stocks, decrease in capital or decrease in investment which is the cause for the acquisition of the stock concerned, or at the time of retirement or secession or at the time of the resolution with respect to the distribution of the residual assets due to dissolution, divided by the number of total issued stocks;

2.　The increased capital of the amalgamating corporation as the result of amalgamation (or, if the new corporation has been established as the result of amalgamation, the amount of capital at the time of the establishment of the corporation), divided by the number of total stocks issued as the result of amalgamation.

In Article 6 item 7, "due to the succession, bequest or gift" shall be amended as "due to the succession, bequest or gift from individuals or corporations" .

In Article 8 paragraph 1, "(or total income less capital income under Article 13-(2) paragraph 1 in a case where the relative's income is aggregated in accordance with the provisions of the same paragraph)" shall be deleted, and "12,000 yen" shall be amended as "15,000 yen" ;and the following three paragraphs shall be added next to paragraph 2 of the same Article:

In this Law, "old aged person" shall mean a person aged 65 or more.

In this Law, "widow" shall mean a person as enumerated below who has any dependent and is not an old aged person:

1.　A woman who was parted from her husband by death or divorced from husband and not yet married;

2.　A woman whose husband's life and death is unknown.

In this Law, "working student" shall mean a student, pupil or child of the school as provided for in Article 1 or Article 98 of the School Education Law, who has any of such income provided for in Article 9 paragraph 1 items 4 to 6 inclusive, item 9 or item 10 as earned by his own labor and who meets the requirements as enumerated below:

1.　A person whose income other than income earned by his own labor does not exceed 50,000 yen;

2.　A person whose total income amount as computed in accordance with the provisions of Article 9 does not exceed 100,000 yen.

In paragraph 3 of the same Article, "the preceding two paragraphs" shall be amended as "the preceding five paragraphs" , and "relation between a member of the family who died in the course of a taxable year" as "a person who died in the course of a taxable year and to the relation between the said person" ;and in paragraph 4 of the same Article, "and of widow as referred to in paragraph 4 item 2" shall be added next to "as referred to in the provision of paragraph 2" .

In Article 9 paragraph 3, "the loss" shall be amended as "the loss on the computation of which income" .

In Article 9-(2) paragraph 1, "Article 26-(4)(including the case where this shall apply mutatis mutandis in Article 29 paragraph 5)" shall be amended as "Article 26-(3)(including the case where this applies mutatis mutandis in Article 29 paragraph 3)" , "the amount of net loss deducted from the amount equivalent to one quarter of the special income amount under the provision of Article 14-(2) paragraph 1 item 1 and" shall be added next to "excluding" and "Article 26-(3)" shall be amended as "Article 26-(2)" , and "Article 14 paragraph 1 item 2" as "Article 14 item 2" ;in paragraph 3 of the same Article, "Article 14 para-graph 1" shall be amended as "Article 14" ;in paragraph 4 of the same Article, "the loss return under the provision of Article 26-(3) paragraph 1" shall be amended as "the loss return under the provision of Article 26-(2) paragraph 1 or final return under the provision of Article 26 paragraph 1" , and "the final return under the provision of Article 26 paragraph 1 or the farm final return under the provision of Article 26-(2) paragraph 1" as "or the final return" ;and in paragraph 5 of the same Article, "which income the loss is to be deducted from" shall be amended as "the order of deducting the net loss of any taxable year or the amount deductible under Article 11-(3), and the order of deducting the loss among the net loss concerned on the computation of which income from which income for the taxable year" .

In Article 10 paragraph 2, "or...... the National Tax Collection Law" shall be amended as ",...... the National Tax Collection Law" , and "and the negligence additional money, non-filing additional money, heavy additional money or delinquent additional money to be collected pursuant to the provision of the Local Tax Law" shall be added next to "(excluding...... and Article 47)" ;in paragraph 3 of the same Article, "(including the arrearage charges related to city, town or village inhabitant tax)" shall be added next to "city, town or village inhabitant tax" ;and in paragraph 5 of the same Article, "Article 10-(7)" shall be amended as "Article 10-(6)" .

In Article 10-(2) paragraph 4, "and'value of property'" and "'respectively'and'paid-up amount of shares of stock and equity'" shall be deleted.

Article 10-(3) shall be deleted.

In Article 10-(4) paragraph 2, ", farm final return" shall be deleted;and the same Article shall be made Article 10-(3).

In Article 10-(5) paragraph 2, ", farm final return" shall be deleted;and the same Article shall be made Article 10-(4).

In Article 10-(6) paragraph 2, "(including the amount of money required for the acquisition of the shares of stocks or equities as referred to in Article 10-(3);hereinafter the same in this Article)" shall be deleted;in paragraph 3 of the same Article, "the receipts" shall be amended as "the receipts minus the expense for lumbering or transfer" , and the same Article shall be made Article 10-(5).

Article 10-(7) shall be made Article 10-(6).

In Article 11-(4) paragraph 1, "of the total," "and the dependents'total income (in case the dependents income is aggregated in accordance with the provision of Article 13-(2) paragraph 1, and in case the individual concerned is not the principal income earner under the provision of the same paragraph, the amount of money arrived at by deducting the amount of capital income under the provision of the same paragraph from the total income;hereinafter the same in this Article)" and "and if there still remains any deficit, such deficit shall be deducted from the total income of his dependent" shall be deleted;and the following one Article shall be added next to the same Article:

Article 11-(5).　In case an individual who comes under the provision of Article 1 paragraph 1 has paid the insurance premium for life insurance contract in which the recipient of insurance proceeds is himself or the spouse or other relative who is living together with him in one household, the amount of insurance premium paid (or 2,000 yen, in case such amount exceeds 2,000 yen) shall be deducted from his total income.

In Article 11-(5), "12,000 yen" shall be amended as "15,000 yen" ;and the same Article shall be made Article 11-(6).

In Article 11-(6) paragraph 1 and paragraph 2, "12,000 yen" shall be amended as "15,000 yen" ;the paragraph 3 of the same Article shall be deleted;the same Article shall be made Article 11-(7);and the following three Articles shall be added next to the same Article:

Article 11-(8).　In case an individual who comes under the provision of Article 1 paragraph 1 is an old aged person, 15,000 yen shall be deducted from his total income.

Article 11-(9).　In case an individual who comes under Article 1 paragraph 1 is a widow, 15,000 yen shall be deducted from her total income.

Article 11-(10).　In case an individual who comes under Article 1 paragraph 1 is a working student, 15,000 yen shall be deducted from his total income.

In Article 12 paragraph 1, "25,000 yen" shall be amended as "30,000 yen" ;paragraphs 2 to 4 inclusive of the same Article shall be deleted;and in paragraph 5 of the same Article, "the preceding four Articles and the preceding four paragraphs" shall be amended as "the preceding eight Articles and the preceding paragraph" .

In Article 13, "the preceding five Articles" shall be amended as "the preceding nine Articles" and

"Not more than 50,000 yen	20%
more than 50,000"	25%
,, 80,000,,	30%
,,100,000,,	35%
,,120,000,,	40%
,,150,000,,	45%
,,200,000,,	50%
,,500,000,,	55%"

shall be amended as

"Not more than 50,000 yen	20%
more than 50,000"	25%
,,100,000,,	30%
,,150,000,,	35%
,,200,000,,	40%
,,300,000,,	45%
,,500,000,,	50%
,, 1,000,000,,	55%

"

Article 13-(2) and Article 13-(3) shall be deleted.

Article 14 paragraphs 2 to 4 inclusive shall be deleted.

In Article 14-(2) paragraph 1, "paragraph 1 of the preceding Article" shall be amended as "the preceding Article" , "to such an amount equal to 25% of the special income as deducted by the same deductible amount, or in the case where the provision of latter clauses of Article 9-(2) paragraph 1 or of paragraph 3 shall apply for the taxable year, by applying the tax rate as referred to in Article 13 to such an amount after the same deduction as provided for by Article 11-(3) to Article 12 inclusive" shall be amended as "to such an amount equal to 25% of the special income as deducted by the same deductible amount, or in the case where the provision of latter clause of paragraph 1 or latter clause of paragraph 3 of Article 9-(2) is applicable for the said taxable year, by applying the tax rate to such an amount after the same deduction as provided for in Article 11-(3) to Article 12 inclusive, or in the case where there is the amount of net loss for the said taxable year, by applying the tax rate to the amount computed by taking the deduction as provided for in latter clause of paragraph 1 or latter clause of paragraph 3 of Article 9-(2) or in Article 11-(3) to Article 12 inclusive from the amount after deducting the amount equal to the loss in the computation of the fluctuating income in the amount of the said net loss from the amount equal to 25% of the special income, and then if there still remains a deductible amount in the amount equal to 25% of the special income, deducting the amount equal to the loss in the computation of the normal income in the amount of the said net loss from the same deductible amount" ;in paragraph 2 of the same Article, "paragraph 1 of the preceding Article" shall be amended as "the preceding Article" ;and paragraphs 3 to 5 inclusive of the same Article shall be deleted.

In Article 15 paragraph 1, "Article 14 paragraph 1" shall be amended as "Article 14" , "300,000 yen" as "440,000 yen" , and "item 1 of the same paragraph" as "item 1 of the same Article" ;and paragraph 2 of the same Article shall be deleted.

In Article 16, "the final return or farm final return as provided for by Article 26 paragraph 1 or Article 26-(2) paragraph 1" shall be amended as "the final return as provided for in Article 26 paragraph 1" , and "or farm final return" as "or loss return as provided for in Article 26-(2)" .

In Article 21 paragraph 1, "(excluding a farm income earner as provided for in the provision of Article 21-(2) paragraph 1)" shall be deleted, "June 1" shall be amended as "July 1" , "25,000 yen" as "30,000 yen" , "30 of the same month" as "31 of the same month" , and "June provisional return" as "July provisional return" ;in item 2 of the same paragraph, "Article 14 paragraph 1" shall be amended as "Article 14" ;in item 3 of the same paragraph, to "Article 13-(3) inclusive" shall be deleted;in item 4 of the same paragraph, "Article 14 paragraph 1" shall be amended as "Article 14" , and "item 1 of the same paragraph 1" as "item 1 of the same Article" ;item 8 of the same paragraph shall be made item 9 of the same paragraph;and the following one item shall be added next to item 7 of the same paragraph:

8.　Amount of net loss which is deducted for the taxable year in accordance with the provision of Article 9-(2) paragraph 1, amount of net loss which is deducted for the taxable year in accordance with the provision of paragraph 3 of the same Article, or amount of loss which is deductible in accordance with the provision of Article 11-(3);

In paragraph 2 of the same Article, "June provisional return" shall be amended as "July provisional return" , "355,000 yen" as "500,000 yen" , "the amount computed by multiplying 12,000 yen by the number of dependents and physically handicapped persons" as "the amount which is deductible in accordance with the provisions of Article 11-(5) to Article 11-(10) inclusive" , and "100,000 yen" as "150,000 yen" ;and the following one paragraph shall be added next to the same paragraph:

An individual coming under the provision of Article 1 paragraph 1 or paragraph 2 item 1 whose income arising from cultivation of rice, wheat, tobacco, fruits, vegetables or flowers, sericulture, and other similar businesses designated by Order (hereinafter referred to as "farm income" in this paragraph) is estimated to exceed the amount equal to 70% of the total income as of June 1 of each year shall, in the case where his farm income accruing on or after September 1 of the year is estimated to exceed 70% of the farm income for the taxable year as of June 1 of the year, not be required, even if his total income is estimated to exceed 30,000 yen as of July 1 of the year, to file the July provisional return, notwithstanding the provision of paragraph 1.

In paragraph 3 of the same Article, "June provisional return" shall be amended as "July provisional return" , "paragraph 1 item 8" as "paragraph 1 item 9" , and "June 1" as "July 1" ;and paragraphs 4 to 6 inclusive of the same Article shall be deleted.

Article 21-(2) shall be deleted.

In Article 21-(3) paragraph 1, "or Article 26-(2) paragraph 1" and "or farm final return" shall be deleted, and "the preceding two Articles" shall be amended as "the preceding Article" ;in paragraph 4 of the same Article, "May 1 of each year (or June 1 as regards a farm income earner;hereinafter the same in this Article)" shall be amended as "June 1 of each year" , and "from the abovementioned date to May 31 (or June 30 as regards a farm income earner;hereinafter the same in this Article)" as "from the abovementioned date to June 30" ;in paragraph 5 of the same Article, "May 1" shall be amended as "June 1" , and "the preceding two Articles" as "the preceding Article" ;in paragraph 6 of the same Article, "the preceding two Articles" shall be amended as "the preceding Article" ;in paragraph 7 of the same Article, "May 1" shall be amended as "June 1" , and "May 31" as "June 30" ;in paragraph 10 of the same Article, "the preceding two Articles" shall be amended as "the preceding Article" ;in paragraph 11 of the same Article, "Article 10-(4)" shall be amended as "Article 10-(3)" , and the same Article shall be made Article 21-(2).

Article 22 shall be deleted.

In Article 22-(2) paragraph 1, "A farm income earner" shall be amended as "An individual coming under the provision of Article 1 paragraph 1 or paragraph 2 item 1" , and "a farm November provisional return" as "November provisional return" ;in item 1 of the same paragraph, "Article 21-(2) paragraph 21, shall be amended as" Article 21 paragraph 3 "," farm July provisional return "as" July provisional return ", and" 25,000 yen "as" 30,000 yen ";in item 2 of the same paragraph," 25,000 yen "shall be amended as" 30,000 yen ";in paragraph 2 of the same Article," The provisions of Article 21 paragraphs 3 to 6 inclusive "shall be amended as" The provision of Article 21 paragraph 4 "," farm November provisional return "as" November provisional return ", and" 'June 1'in Article 21 paragraph 3 and paragraph 6 shall read'November 1', and'May 31'in paragraph 6 of the same Article, shall read'October 31' ", shall be amended as" 'July 1'in the same paragraph shall read'November 1' ";in paragraph 3 of the same Article," Article 21-(3) "shall be amended as" Article 21-(2) "," farm November provisional return "as" November provisional return ", and" paragraph 4 of the same Article "as" paragraphs 4, 5 and 7 of the same Article";and the same Article shall be made Article 22.

In Article 23 paragraph 1, "June provisional return" shall be amended as "July provisional return" , "Article 21-(3)" as "Article 21-(2)" , "October 1" as "November 1" , ";hereinafter the same in paragraph 2" shall be deleted, and "October 1-31" shall be amended as "November 1-30" , and "October revised provisional return" as "revised provisional return" ;paragraph 2 of the same Article shall be deleted;in paragraph 3 of the same Article, "June provisional return" shall be amended as "July provisional return" , "October 1" as "November 1" , "Article 21-(3)" as "Article 21-(2)" , "in this Article" shall be deleted, and "October 1-31" shall be amended as "November 1-30" ;paragraph 4 of the same Artitle shall be deleted;in paragraph 5 of the same Article, "Article 21-(3) paragraph 7" shall be amended as "Article 21-(2) paragraphs 2, 3 and 7" , "preceding two paragraphs" as "preceding paragraph" , "was made" as "is to be made or the case where such a request of the correction was made" and "In this case, 'May 31 of the year (or in cases where the report was made pursuant to the provision of the proviso to paragraph 4, May 31 of the year, as regards the matter reported)'shall read'September 30 of the year (or October 31 of the year, as regards the farm income earner)'" as "In this case, in paragraph 2 or 3 of the same Article, 'the estimate of the total income'shall read'the estimate of the total income or declared tax amount'and'the application'shall read'written claims', and in paragraph 7 of the same paragraph, 'June 1 (or, in cases where the report was made pursuant to the proviso to paragraph 4, June 30 of the year, as regards the matter reported)'or'June 1'shall read'November 1', 'estimate of the total income for the taxable year'shall read'estimate of the total income or declared tax amount for the taxable year'and'the total income for the preceding tax-able year'shall read'the total income or declared tax amount for which the correction was requested'" ;in paragraph 6 of the same Article, "paragraph 3 or 4" shall be amended as "paragraph 2" ;in paragraph 7 of the same paragraph, "Article 10-(4)" shall be amended as "Article 10-(3)" ;in paragraph 8 of the same paragraph, "paragraph 3 or 4" shall be amended as "paragraph 2" ;and in paragraph 9 of the same Article, "Article 21 paragraphs 3 to 6 inclusive" shall be amended as "Article 21 paragraph 4" , "or 2" shall be deleted, "Article 21 paragraphs 3 and 6" shall be amended as "paragraph 4 of the same Article" , "June 1" as "July 1" and ", for purposes of paragraph 1, as'October 1', and, for purposes of paragraph 2 as'November 1', and'May 31'referred to under Article 21 paragraph 6 shall read, for purposes of paragraph 1 as'September 30'and for purposes of paragraph 2 as'October 31'" as "'November 1'" .

In Article 24, "returns referred to under Article 21, Article 21-(2) and the preceding three Articles" shall be amended as "return, written application or written claim as referred to under the provisions of Article 21 to the preceding Article inclusive" .

In Article 25, "Articles 11-(3) to 11-(6) inclusive" shall be amended as "Article 9-(2), Articles 11-(3) to 11-(10) inclusive" , "June provisional return, farm July provisional return, October provisional return or farm November provisional return" as "July provisional return or November provisional return" , "Article 21 paragraph 1 item 8" as "Article 21 paragraph 1 item 8 or 9" and "and the correction is requested according to the provisions of Article 23 paragraph 3 or 4" as ", the correction under the provision of Article 23 paragraph 2 is requested and the deduction under the provision of Article 11-(3) or Article 11-(4) is made in accordance with such request" .

In Article 26 paragraph 1, "(excluding a farm income earner)" shall be deleted, and "25,000 yen" , shall be amended as "30,000 yen," , "from January 1 to 31" as "from February 1 to the end of the same month" , "Article 21-(3)" as "Article 21-(2)" , and "the case falling under the provision of Article 26-3 paragraph 2" as "the case of submitting the loss return under Article 26-(2)" ;in item 2 of the same paragraph, "Article 14 paragraph 1" shall be amended as "Article 14" ;in item 3 of the same paragraph, "Articles 13 to 13-(3) inclusive" shall be amended as "Article 13" ;in item 4 of the same paragraph, "Article 14 paragraph 1" shall be amended as "Article 14" and "item 1 of the same paragraph" as "item 1 of the same Article" ;and in each item of paragraph 2 of the same Article, "the amount as computed by multiplying 12,000 yen by the number of dependents and physically handicapped persons" shall be amended as "the deductible amount under the provisions of Article 11-(5) to Article 11-(10) inclusive" ;in item 1 of the same paragraph, "355,000 yen" shall be amended as "500,000 yen" ;in item 2 of the same paragraph, "or earned incomes of a taxpayer and these of his dependents was aggregated" shall be deleted, and "100,000 yen" shall be amended as "150,000" yen;in item 3 of the same paragraph, "100,000 yen" shall be amended as "150,000 yen" ;and in paragraph 5 of the same Article, "The provisions of Article 21 paragraphs 4 and 5 and Article 24" shall be amended as "The provision of Article 24" .

Article 26-(2) shall be deleted.

In Article 26-(3) paragraph 1, "the said individual has incurred a loss deductible pursuant to the provision of Article 11-(3) during the year and" shall be deleted, "25,000 yen" shall be amended as "30,000 yen" , "and the said individual has incurred the loss authorized to be deducted pursuant to the provision of Article 11-(3) during the taxable year which exceeded the said total income" shall be added next to "hereinafter the same in this Article)" , and "from January 1 to January 31 of the next year (or the term from February 1 to the end of the same month as regards farm income earners" shall be amended as "from February 1 to the end of the same month" ;in item 3 of the same paragraph, "the preceding two items" shall be amended as "the preceding item" ;in paragraph 2 of the same Article, "a loss authorized to be deducted pursuant to the provision of Article 11-(3) during the year," shall be deleted, "25,000 yen" shall be amended as "30,000 yen" and "and the said person has incurred the loss authorized to be deducted pursuant to the provision of Article 11-(3) during the taxable year which exceeded the said total income" shall be added next to "or zero," ;paragraph 3 of the same Article shall be amended as follows;and the same Article shall be made Article 26-(2):

The provision of paragraph 4 of the preceding Article shall apply mutatis mutandis to the case under the preceding two paragraphs.

In Article 26-(4) paragraph 1, "the preceding three Articles" shall be amended as "the preceding two Articles" , "farm final return" shall be deleted;in paragraph 4 of the same Article, "for the year or subsequent years" shall be added next to "during the year" ;in paragraph 7 of the same Article, "for the year" shall be amended as "for the year or subsequent years" ;in paragraph 10 of the same Article "Article 10-(4)" shall be amended as "Article 10-(3)" ;and the same Article shall be made Article 26-(3).

In Article 27, "farm final return" shall be deleted, "Article 26-(3)" shall be amended as "Article 26-(2)" , "revised farm final return" , "farm final return" and "revised farm final return" shall be respectively deleted;and in paragraph 7 of the same Article, "Article 23 paragraphs 6 to 8 inclusive" shall be amended as "Article 23 paragraphs 4 to 6 inclusive" .

In Article 28, "Article 11-(6)" shall be amended as "Article 11-(10)" , "farm final return" shall be deleted, and "Article 26-(3)" shall be amended as "Article 26-(2)" .

In Article 28-(2), "or farm final return" shall be deleted, and "Article 26-(3)" shall be amended as "Article 26-(2)" .

In Article 29 paragraphs 1 and 2, "Article 26-(2) paragraph 1" shall be deleted, "Article 26-(3)" shall be amended as "Article 26-(2)" ;paragraphs 3 and 4 of the same Article shall be deleted;in paragraph 5 of the same Article, "Article 26-(4)" shall be amended as "Article 26-(3)" ;and in paragraph 7 of the same Article, "Article 11-(3) to Article 11-(6) inclusive" shall be amended as "Article 9-(2), Article 11-(3) to Article 11-(10) inclusive" .

Article 30 paragraph 1 shall be deleted;in paragraph 2 of the same Article, "farm July provisional return" shall be amended as "July provisional return" ;and paragraph 3 of the same Article shall be amended as follows:

A person who has filed a November provisional return (including person deemed to have filed a return in accordance with such provision of Article 21-(2) paragraph 10 as applies mutatis mutandis in Article 22 paragraph 3) shall pay the income tax amount equivalent to 50% of the declared tax amount to the Government in the second and third period as provided for in the preceding paragraph.

In Article 31, "an October revised provisional return or a farm November revised provisional return" shall be amended as a "revised provisional return" , "or paragraph 2" shall be deleted, and "the June provisional return or the farm July provisional return" shall be amended as "a July provisional return" .

In Article 32 paragraph 1, "or farm final return" shall be deleted;in paragraph 3 of the same Article, "Article 21-(3)" shall be amended as "Article 21-(2)" , and "or farm final return" shall be deleted;and in paragraph 4 of the same Article, "or revised farm final return" shall be deleted.

In Article 33 paragraph 2, "the June provisional return, farm July provisional return, October provisional return, farm November provisional return, October revised provisional return, farm November revised provisional return, final return or farm final return" shall be amended as "a July provisional return, November provisional return, revised provisional return or final return" , "Article 21-(3)" as "Article 21-(2)" , "Article 22-(2)" as "Article 22" ;and in paragraph 3 of the same Article, "Article 11-(6)" shall be amended as "Article 11-(10)" , and "and to a case where the loss return has filed after the due date of filing said return" shall be added next to "the preceding paragraph;and in paragraph 4 of the same Article," Article 21-(3) "shall be amended as" Article 21-(2) "," the June provisional return, farm July provisional return or farm November provisional return "as" a July provisional return or November provisional return "and" Article 22-(2) "as" Article 22".

In Article 34 paragraph 3, "Article 29 paragraph 6" shall be amended as "Article 29 paragraph 4" .

In Article 35 paragraph 2, "or farm final return" shall be deleted.

In Article 36 paragraph 1, "Article 14 paragraph 1" shall be amended as "Article 14" , and in paragraph 4 of the same Article, "Article 10-(4)" shall be amended as "Article 10-(3)" .

In Article 36-(2) paragraph 1, ", farm final return" shall be deleted;in paragraph 2 of the came Article, ", farm final return" shall be deleted;and in paragraph 3 of the same Article, "paragraphs 5 to 7 inclusive of the preceding Article" shall be amended as "paragraphs 3 to 7 inclusive of the preceding Article" .

In Article 36-(3) paragraph 1, ", farm final return" shall be deleted, and "Article 20-(3)" shall be amended as "Article 26-(2);and in paragraph 2 of the same Article," , farm final return"shall be deleted.

In Article 38 paragraph 1 items 1 to 5 inclusive and item 8, "Article 39" shall be amended as "Article 39 paragraph 1 or 2" ;in item 8 of the same paragraph, "Article 11-(5)" shall be amended as "Article 11-(6)" , and "300,000 yen" as "440,000 yen" , and the following one paragraph shall be added next to the same paragraph:

In case earned income is paid to an individual who filed his report as provided for in Article 39 paragraph 1, stating that he is a physically handicapped person, old aged person, widow or working student, the individual shall, through his report, be deemed to have one dependent at every occasion when the individual falls under a physically handicapped person, old aged person, widow or working student, and the provision of the preceding paragraph shall apply thereto.

In paragraph 2 of the same Article, "the preceding paragraph" shall be amended as "paragraph 1" , and "the same paragraph" as "the preceding two paragraphs" .

In Article 39 paragraph 1, ";hereinafter the same in this Article" shall be added next to "paragraph 1 item (6) of the preceding Article" , "names of dependents and physically handicapped persons" shall be amended as "names of dependents and physically handicapped persons if the individual has such persons, and if the individual is a physically handicapped person, old aged person, widow or working student, such fact," ;in paragraph 2 of the same Article, "in the payer of the earned income, dependents or physically handicapped persons" shall be amended as "on the matters related to the return concerned" ;and the following one paragraph shall be added next to the same paragraph:

An individual who receives earned income as paid within the enforcement area of this Law shall, as may be provided for by Order, file with the Government a report stating therein such insurance premium as enumerated in Article 11-(5) and other necessary matters, through the payer of such earned income by the previous day of the receipt day of the last pay in a year.

In paragraph 3 of the same Article, "the preceding two paragraphs" shall be amended as "the preceding three paragraphs" .

In Article 40, "limited to a person through whom the return under the provision of the preceding Article with respect to the individual concerned was filed and who pays the last allowance in that year to the individual concerned" shall be addednext to "A person who pay allowance" , and "the total sum of 355,000 yen and the amount computed by multiplying 12,000 yen by the number of dependents and the physically handicapped persons" shall be amended as "the total sum of 500,000 yen and the deductible amount under the provisions of Article 11-(5) to Article 11-(10) inclusive" , "the tax liability arrived at by applying the provision of Article 15 to the income before deduction as referred in the provision of Article 11-(3) or Article 11-(4)" as "the tax liability shown in Annexed Table No. III according to the amount of receipt of the earned income concerned (or, if the individual concerned files the return under the provision of paragraph 3 of the preceding Article, the amount of receipt concerned less insurance premium deductible in accordance with the provision of Article 11-(5)), and the number of dependents and physically handicapped person reported" , "credit the excess against the tax to be withheld from the last pay of the year or from the pay of the following year (or, in case there is no tax to be credited against, the excess shall be refunded), or collect the amount in deficit by withholding from the last pay of the year or the pay of the ensuing year" as "appropriate the excess for the income tax to be withheld when the last earned income is paid in the year, and appropriate for the income tax to be withheld when the earned income is paid in the following year, if there still remains an excess (or, if in these cases there remains no tax liability, the excess shall be refunded), or collect the amount in deficit at the time of payment of the last pay in the year or collect such amount at the time of payment in the next year if there still remains any tax liability" ;and the following one paragraph shall be added to the same Article:

The provision of Article 38 paragraph 2 shall apply mutatis mutandis to a case where the tax amount as enumerated in Annexed Table No. III is computed in the case under the preceding paragraph.

In Article 44 paragraph 1, "June provisional return, farm July provisional return, October provisional return, farm November provisional return, October revised provisional return or farm November revised provisional return" shall be amended as "July provisional return or November provisional return" , and "or farm final return" and "or provisionally declared income tax" shall be deleted, and "or farm final return for the previous year or a person who filed the loss return for the preceding year" shall be amended as "for the previous year, or a person who filed a loss return for the previous year, but has filed a July provisional return or November provisional return for this year or a person who has filed a revised provisional return" and in paragraph 2 of the same Article, "June provisional return, farm July provisional return, October provisional return or farm November provisional return" shall be amended as "July provisional return or November provisional return" , and "Article 21 (3)" as "Article 21 (2)" ;in paregraph 3 of the same Article, "a fact as referred to in Article 23 paragraph 1 or paragraph 2" shall be amended as "any deficit amount" ;and in paragraph 5 of the same Article, "Article 10-(4)" as "Article 10-(3)" .

In Article 45 paragraphs 1 and 2, "Article 30 paragraphs 1 to 3 inclusive" shall be amended as "Article 30 paragraph 1 or 2" .

In Article 46 paragraph 1, "farm final return" and "revised farm final return" shall be deleted, and "Article 26-(3)" shall be amended as "Article 26-(2)" , in paragraph 2 of the same Article, "Article 26-(3)" shall be amended as "Article 26 (2)" , and "or farm final return" shall be deleted;in paragraph 4 of the same Article, "or farm final return" shall be deleted;in paragraphs 6 and 7 of the same Article, "Article 26-(3)" shall be amended as "Article 26-(2)" ;and in paragraph 8 of the same Article, "Article 10-(4)" as Article 10-(3)".

The following one Article shall be added next to Article 46-(2):

Article 46-(3).　With respect to a person who has filed a final return, loss return or return under the provision of Article 29 paragraph 1, the correction or determination (in a case where he has requested the refund of the income tax together with the filing of the loss return or the return corresponding to the loss return under the provision of Article 29 paragraph 1, the correction under the provision of Article 46 on the amount of net loss as a basis of the said request shall be included) under the provisions of Article 44 or Article 46 for the taxable year for which the return was filed may not be made on or after the date on which three years have elapsed from the due date of filing such returns, (or, in a case when such returns were filed prior to the said date, on or after the said date or the date on which two years have elapsed from the actual filing date of the return concerned, whichever is the later), except, in a case where the loss under the provision of Article 9-(2) paragraph 1 or paragraph 3 incurred, the correction under the provision of Article 46-(2) paragraph 1 or paragraph 6 on such amount as provided for in Article 26-(2) paragraph 1 item 1 for the taxable year for which the said loss incurred;provided that as for a person who evaded the income tax by fraud or other illegal act or a person who received the refund or income tax under the provisions of Article 36 or Article 36-(2), this shall not apply to such income tax or income tax amount concerned.

The provision of the preceding paragraph shall not be construed as precluding the application of the provisions of other Laws concerning prescription.

In Article 48 paragraph 1, "Article 23 paragraph 6" shall be amended as "Article 23 paragraph 4" , "Article 29 paragraph 6" as "Article 29 paragraph 4" , "paragraph 5 of the same Article" as "paragraph 5 of the same Article (including a case where it applies mutatis mutandis in Article 36-(2) paragraph 3) and the same paragraph" , "Artscle 23 paragraph 3 or 4" as "Article 23 paragraph 2" , and "Article 26-(3)" as "Article 26-(2)" ;and in paragraph 2 of the same Article, "Article 23 paragraph 8" shall be amended as "Article 23 paragraph 6" ;and the following proviso shall the added to the same paragraph:

Provided that, if the disposition which is the object of the request for the reinvestigation is related to such correction for blue return (including such documents under Article 36 paragraph 2 (including a case where it applies mutatis mutandis in paragraph 5 of the same Article) as filed together with the said return) as provided for in Article 46, or to such assessments of negligence additional tax, non-filing additional tax or heavy additional tax as corrected, the demand for taxpayment and coercive collection under the provisions of the National Tax Collection Law may not be made with respect to the tax amount corrected under the provisions of Article 47, negligence additional tax, non-filing additional tax or heavy additional tax from the day when the request for the reinvestigation was made to the day when the decision on the matters requested was notified under the provision of paragraph 5, even if the collection of tax may not be postponed.

In paragraph 3 of the same Article, "Article 21-(3)" shall be amended as "Article 21-(2)" , "Article 26-(4) paragraph 9 (...... Article 29 paragraph 5)" as "Article 26-(3) paragraph 9 (...... Article 29 paragraph 3)" , and in paragraph 6 of the same Article, "Article 10-(4)" shall be amended as "Article 10-(3)" .

In Article 49 paragraph 2, "Article 23 paragraph 8 and Article 24" shall be amended as "Article 23 paragraph 6, Article 24 and the proviso to paragraph 2 of the preceding Article" ;in paragraph 6 of the same Article "the Director of Tax administration Agency or" shall be deleted;and in paragraph 8 of the same Article, "Article 10-(4)" shall be amended as "Article 10-(3)" .

In Article 53, "the final return, farm final return, revised final return or revised farm final return" shall be amended as "a final return or revised final return" .

In Article 54 paragraph 1, "the return, farm final return, revised final return or revised farm final return" shall be amended as "a final return" .

In Article 55 paragraph 1 item 2, "June provisional return, farm July provisional return, October provisional return, farm November provisional return, October revised provisional return, farm November revised provisional return, final return or farm final return" shall be amended as "July provisional return, November provisional return, final return" ;in item 3 of the same paragraph, "revised farm final return" and "farm final return" shall be deleted;and in item 4 of the same paragraph, "Article 29 paragraph 6" shall be amended as "Article 29 paragraph 4" .

In Article 57 paragraph 1, "farm final return" , "or farm final return" and "revised farm final return" shall be deleted, and "Article 29 paragraph 6" shall be amended as "Article 29 paragraph 4" , and "or revised farm final return" shall be deleted;in paragraph 2 of the same Article, "Article 29 paragraph 6" shall be amended as "Article 29 paragraph 4," ;and in paragraph 8 of the same Article, "Article 10-(4)" shall be amended as "Article 10-(3)" .

In Article 57-(2) paragraph 2, "Article 29 paragraph 6" shall be amended as "Article 29 paragraph 4" ;and in paragraph 8 of the same Article "Article 10-(4)" shall be amended as "Article 10-(3)" .

In Article 61-(2) paragraph 1, "In cases where a corporation makes...... the following items within the enforcement of this Law" shall be amended as "A corporation having its head office or principal place of business within the enforcement area of this Law in case it makes...... the following items" , and ", the corporation concerned" shall be deleted, in item 1 of the same paragraph, "(or paid-up amount in respect to shares of stocks or investment;hereinafter the same in this Article)" shall be deleted;in item 3 of the same paragraph, "paid-up amount" shall be amended as "the value" ;and the following one paragraph shall be added next to the same paragraph:

The provision of Article 5 paragraph 3 shall apply mutatis mutandis to the amount of the stock or investment included in the property other than money as provided for in items 1 and 2 of the preceding paragraph and to the amount of the stock or investment as provided for in item 3 of the same paragraph.

In paragraph 2 of the same Article, "the preceding paragraph" shall be amended as "paragraph 1" , and "and, if the stocks of such corporation as issues the non-par stocks are included in the property other than money as provided for in item 1 or 2 of the same paragraph, the value of the stock enumerated in Article 5 paragraph 3 item 1" shall be added next to "the amount" ;in paragraph 5 of the same Article, "paragraph 2" shall be amended as "paragraph 3" ;and the following one Article shall be added next to the same Article;

Article 61 (3).　In a case where a corporation having its head office or principal place of business within the enforcement area of this Law has transferred its reserves as provided for in Article 16 of the Corporation Tax Law into capital account, the corporation shall, as may be prescribed by order, report on such amount of money per stock or unit of investment which is computed by dividing the amount of money transferred into capital account by the number of stocks or investment, and on other necessary matters to the Government and stock-holder, member of corporation or investor at the time of transfer of reserves into capital account.

In Article 62 paragraph 1, "January 25" shall be amended as "January 31" ;and item 3 of the same paragraph shall be amended as follows:

3.　According to the return under Article 39, the number of dependents and physically handicapped persons, the amount of premium deducted in accordance with the provision of Article 11-(5) and whether or not the individual is the physically handicapped person, old aged person, widow or working student.

In Article 62-(3) paragraph 1, "farm final return," and "revised farm final return" shall be deleted;in paragraph 2 of the same Article, "Article 26-(2) paragraph 2, Article 26-(3) paragragh 3" shall be amended as "Article 26-(2) paragraph 3" ;and paragraphs 3 to 5 inclusive of the same Article shall be deleted.

In Article 62-(4) paragraph 1, "or farm final return" and "(in a case where the provision of Article 13-(2) paragraph 1 or Article 13-(3) paragraph 1 applies, the amount of tax before having been divided proportionally in accordance with the provision of such paragraph)" shall be deleted;and in paragraph 3 of the same Article, "Article 10-(4)" shall be amended as "Article 10-(3)" .

In Article 65 paragraph 5, "Article 10-(4)" shall be amended as "Article 10-(3)" .

In Article 67 paragraph 1, "Article 26-(3)" shall be amended as "Article 26-(2)" .

In Article 69-(4), "the farm final return" and "or the farm final return" shall be deleted.

In Article 70 item 1, "or a farm final return" shall be deleted, and "June provisional return, farm July provisional return, October provisional return, farm November provisional return, October revised provisional return or farm November revised provisional return" shall be amended as "July provisional return or November provisional return" ;in item 2 of the same Article, "Article 21-(3) as" Article 21-(2) ";and in item 6 of the same Article," or Article 61-(3) "shall be added next to" Article 61-(2) paragraph 1".

Annexed Tables Nos. I and II shall be amended as follows:

Annexed Table No. I Simplified Tax Amount Table of Income Tax (Income Tax Table under the provisions of Article 15)

(1)

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Remark:　The amount of taxable total income means the amount obtained by deducting the amounts of deduction for calamity deduction for medical expense deduction for insurance premium, dependents exemption, exemption for physically handicapped person deduction for the old aged, widow, and working students and adjusted income means the amount obtained by deducting those amounts of deductions and exemptions in accordance with the provision of Article 14 item (1) from total income in case a taxpayer has any of fluctuating income.

Annexed Table No. II Withholding Income Tax Amount Table for Earned Income (Withholding Income Tax Amount Table under the provisions of Article 38 paragraph 1 items 1 and 5)

a. Monthly basis (1)

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a. Monthly basis (2)

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(Remark:How to compute your tax liability)　First, find a line which corresponds to the amount of your earned income and get your tax liability at the cross of the line and the vertical of the reported number of your dependents and physically handicapped persons (in case deduction for physically handicapped person, the old aged, widow or working student is allowed to yourself, you should compute the tax as if you have one additional dependent every time one deduction is allowed.)

Annexed Table No. II Withholding Income Tax Amount Table for Earned Income (Withholding Income Tax Amount Table under the provisions of Article 38 paragraph 1 items 1 and 5)

b. Weekly basis (1)

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b. Weekly basis (2)

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(Remarks:How to compute your tax liability)　First find a line which corresponds to the amount of your earned income and get your tax liability at the class of the line and the vertica of the reported number of your dependents and physically handicapped persons (in case deduction for physically handicapped person, the old aged, widow or for working student is allowed to yourself, you should compute the tax as if you have one additional dependent every time one deduction is allowed.)

Annexed Table No. II Withholding Income Tax Amount Table for Earned Income (Withholding Income Tax Amount Table under the provisions of Article 38 paragraph 1 items 1, 5 and 6)

c. Daily basis (1)

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c. Daily basis (2)

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(Remark:How to compute your tax liability)　First, find a line which corresponds to the amount of your earned income and get your tax liability at the cross of the line and the vertical of the reported number of your dependents and physically handicapped persons (in case deduction for physically handicapped persons, the old aged, widow or working student is allowed to yourself you should compute the tax as if you have one additional dependent every time one deduction is allowed.)

Annexed Table No. III Simplified Tax Amount Table for Year-end Adjustment (Income Tax Amount Table under the provisions of Article 40)

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(5)

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(Remarks:How to compute your tax liability)　First, deduct the insurance premium (if it exceeds 2,000 yen, 2,000 yen) paid by you from your earned income for the year, if you report the insurance premium paid by you during the year, and second, find a line which corresponds to the amount of your earned income according to the amount thus obtained and get your tax liability at the cross of the line and the vertical of the reported number of your dependents and physically handicapped persons (in case deduction for physically handicapped person the old aged, widow or working student is allowed to yourself, your tax liability should be computed as if you have one additional dependent every time one deduction is allowed.)

審議経過