Submission of a Self-Certification of Account Holders Based on the Common Reporting Standard (CRS) and the Act on Special Provisions of the Income Tax Act, the Corporation Tax Act and the Local Tax Act Incidental to Enforcement of Tax Treaties

The Act on Special Provisions of the Income Tax Act, the Corporation Tax Act and the Local Tax Act Incidental to Enforcement of Tax Treaties was revised in the fiscal year 2015 tax reform effective January 1, 2017. Customers opening an account on or after January 1, 2017 with a financial institution, etc. located in Japan need to submit to the financial institution, etc. a Self-Certification of Account Holders providing the name of the customer's country of residence* .

  • A country of residence is a country to which you pay tax equivalent to income tax and corporation tax.

Submission of a Self-Certification of Account Holders

Customers opening an account, etc. on or after January 1, 2017 Customers need to submit a Self-Certification of Account Holders providing the name, address and country of residence (e.g., Japan), etc. of the customer.
  • If your country of residence is a foreign country, your taxpayer identification number of the foreign country is required.
    However, PowerFlex is only available for individual customers residing in Japan.
Customers who have opened an account on or before December 31, 2016 Customers who have already opened an account may also be asked to submit a Self-Certification of Account Holders providing the name, address, country of residence (e.g., Japan), etc. of the customer for confirmation.
  • If your country of residence is a foreign country, you need to provide your taxpayer identification number of the foreign country.
  • If your country of residence has changed after submitting these documents, please submit a Self-Certification of Account Holders (Change) within three months from the change.

Types of the Self-Certification of Account Holders

Self-Certification of Account Holders (New) Self-Certification of Account Holders (Change)

Submitter

 Customers opening an account, etc. with a financial institution on or after January 1, 2017 Customers whose country of residence changed after submitting a Self-Certification of Account Holders

Time of submission

 When opening the account, etc. By the date three months from the date when the country of residence has changed

Information to be provided
  • Name, address and date of birth
  • Taxpayer identification number of the foreign country of residence when the name of the country of residence* and the country of residence are a foreign country
  • Specific reasons, etc. for the country of residence being different from the address
  • New country of residence, etc.
  • Country of residence provided in the Self-Certification of Account Holders submitted before
  • Information provided in the Self-Certification of Account Holders (New)
  • *Customers whose country of residence is Japan also need to provide “Japan” as the name of the country of residence. Provision of My Number (individual number) is not required in that case.

For details, please checkthe National Tax Agency's website.

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