JPN SDEC Non-Resident Tax for Bonds


On May 10, JPN SDEC revised operation procedures for general bonds.


  • JPN SDEC revised operational procedures for general bond book-entry transfer system.
  • Revisions
  • Involve non-resident tax exemption for book-entry transfer of local, corporate bonds.
  • Enumerate types of bonds corresponding to specified book-entry transfer bonds.
  • Modify interest, etc., into interest of specified book-entry transfer corporate bonds.
  • Delete the note under paragraph 6 specifying that principal and interest also include dividends and redemption proceeds of bond-type beneficial interest.

Regulators JPN SDEC
Entity Types B/D; Depo; Exch; Fiduciary; OTC
Reference RF 5/10/2024
Functions Financial; Operations; Reporting; Risk; Settlement; Tax; Treasury
Countries Japan
Category Clearing/Depository
State
Products Clearing; Custody; Fixed Income
Regions AP
Rule Type Final
Rule Date 5/10/2024
Effective Date 5/10/2024
Rule Id 211508
Linked to N/A
Reg. Last Update 5/10/2024
Report Section International

Last substantive update on 05/14/2024