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US / Japan Tax Treaty |
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Filing Requirements of US Corporations Receiving Interest,
Dividends and Royalties from a Japanese Corporation under the New Japan-U.S.
Tax Treaty |
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Previous |
Rate |
New |
Rate |
| Dividends |
Ownership＞10% |
10% |
Ownership＞50% |
0% |
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Ownership 10%-50% |
5% |
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Others |
15% |
Others< |
10% |
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| Interest |
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10% |
Qualified interest |
0% |
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Others |
10% |
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| Royalties |
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10% |
All royalties |
0% |
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The New Tax Treaty shall be applicable
with respect to taxes withheld at source for amounts taxable on or
after July 1, 2004. The following is a summary of forms required for
withholding treaty benefit for a US recipient of interest, dividends
or royalties. |
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| Form# |
Form name |
Initial |
Renewal |
| Form1/2/3 |
Application form for income tax convention |
YES |
YES |
| Form17 |
Attachment form for limitation on benefits article |
YES |
3 yrs (public co.) |
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1 yr (private co.) |
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Certificate of residency |
YES |
3 yrs (public co.) |
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1 yr (private co.) |
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A copy of pertaining contract |
YES |
YES |
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Where to file: The local tax office where the paying entity resides.
When to file: Principally the day on or before the payment is executed.
If the certificate of residency is not ready on that date, you can state the expected day of submission. |
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