Before investors can benefit from the reduced tax rates — which is one of the key advantages of the SBIST scheme — a Tax Treaty Notification form must be submitted to the tax office with jurisdiction over the payer by the day before the first distribution of profits earned through SBIST. In this case, the payer is CastGlobal Trust, and the relevant tax office is the Shiba Tax Office in Tokyo. Our company will handle this process because the notification form must be submitted in Japan. There is no need for investors to travel to Japan.

• Deadline: The day before the first distribution of profits
• Place of submission: Shiba Tax Office in Tokyo, Japan

Depending on the treaty country, we may need to renew the notification every few years. However, in principle, these forms do not need to be renewed for Mainland China, Hong Kong, Macau, Taiwan, and Singapore, unless there is a change in the beneficiary’s name, address, or certain other details.