Account aggregation service Agurippa offers industry’s first Tax Filing Support Feature! --Total capital gains and losses over multiple securities companies and automatically create required filing documents with one touch

Plala Networks, Inc. (Koji Bandou, CEO; HQ: Toshima-ku, Tokyo) has developed the industry’s first Tax Filing Support Feature (see note 1) which automatically aggregates stock transaction information from securities-designated accounts, totals capital gains and losses from stock transactions over multiple securities companies, and automatically prepares filing documents. The feature was added to the company’s Agurippa account aggregation service which the company offers as an application service provider.

This feature is planned for release beginning mid-February on Japan Net Bank, Limited’s (Shuichi Fujimori, CEO; HQ: Shinjuku-ku, Tokyo) JNB Aggregation (see note 2) which utilizes Agurippa. It is compatible with the securities-designated accounts which became available beginning January 2003. After automatically aggregating the data from the designated accounts at various securities companies, it totals capital gains and losses and capital loss carry-over amounts, and automatically prepares the required filing document attached ledgers required for transactions in listed stocks, etc. Moreover, it is compatible with the preferential tax system for totaling capital gains and losses on stock over multiple securities companies and capital loss carry-overs. Due to the 2003 tax system revision, the work of preparing filing documents is simplified even for individual investors whose next filing will be their first, and the use of the preferential taxation system is being promoted.

1. Background

With the popularization of online services, there is a growing demand for securities transactions over the Internet, and at the same time, the number of individual investors who simultaneously use multiple brokerages is increasing. On the other hand, as part of the 2003 tax system revision, the securities-designated account system was implemented, meaning that there are many cases where individual investors can reduce the amount of tax they must pay by calculating capital gains and losses on securities across multiple securities accounts. Even more, with the gain in stock prices since last spring, it is expected that many individual investors can reap these benefits.
In these conditions, Agurippa has focused on the need for the simplification of information gathering and document preparation, introducing a feature that obtains capital gain and loss information from the various securities-designated accounts, calculates the capital gain or loss on securities, and automatically prepares the documents required for filing.

This is the first test of a feature that assists with tax filing related to capital gains/losses from stock. By taking advantage of the ability of the account aggregation service to provide consolidated management of information from multiple securities companies, an increase in usability and an expansion of the ways it can be used is expected.


2.Overview of the Tax Filing Support Feature

The Tax Filing Support Feature aggregates information from multiple securities-designated accounts (See note 3), and having calculated capital gains and losses on a stock for a securities company, automatically prepares the document attachments required for filing. The document attachments prepared include the three items below:
※See attachment

(1)Designated Account Yearly Transaction Report Summation Table
(2)Detailed Calculation Statement for the Total Capital Gain, etc. from Stock and Other Securities
(3)Income Tax Required Filing Attachment (For carry-over of capital losses related to listed stocks, etc.)

For annual capital gains and losses for the various securities-designated accounts, information is obtained (see note 4) from the various securities account sites and posted automatically to the Designated Account Yearly Transaction Report Summation Table. Once the necessary items have been entered from the annual transaction report sent by the brokerage and the “Summation Table Calculation” button has been clicked, everything from the summation table calculations to the creation of the required filing document attachment is performed automatically.

In this way, the Tax Filing Support Feature drastically reduces the work necessary for required filing for individual investors and other users. Furthermore, by automatically aggregating a wide variety of data, it is possible to avoid any human error that may occur in the preparation of the documents. In addition, by also offering a usage guide feature, the usefulness of the account aggregation service for required filing is even greater.


（*1）This feature is patent pending.
（*2）JNB Aggregation is the account aggregation service being offered by Japan Net Bank, Limited.
URL：http://www.japannetbank.co.jp/
（*3）　This feature is only for use with designated accounts and cannot be used with standard accounts.
（*4）　Only information that can be taken from the various brokerage sites will be obtained. Information that is not provided on the sites can be transcribed to the document attachment by manually entering the information and clicking on the “Summation Table Calculation” button.

□Illustration showing how the service is used



□Screen Shots

Designated Account Yearly Transaction Report Summation Table
複数の証券会社から送付される年間取引報告書を合計するために任意提出する添付資料です。複数の年間取引報告書に基づいて合計した後、「株式等の譲渡所得等にかかる金額の計算明細書」自動転記します。



Detailed Calculation Statement for the Total Capital Gain, etc. from Stock and Other Securities（１面）
株式等の譲渡による譲渡所得等の金額の計算用として提出する添付書類です。特定口座の年間取引報告書合計表より必要情報が自動転記されます。



Detailed Calculation Statement for the Total Capital Gain, etc. from Stock and Other Securities（２面）
株式等の譲渡による譲渡所得等の金額の計算用として提出する添付書類です。一般口座利用者が手記入するための帳票として出力します。



Income Tax Required Filing Attachment
（For carry-over of capital losses related to listed stocks, etc.）
特定口座年間取引報告書合計表の作成により上場株式等にかかる譲渡損失の繰越控除の特例の適用が受けられる場合に必要情報が自動的に転記されます。


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