Article 39Special Provisions on the Time of Transfers, etc. of Assets Pertaining to Contracts for Specified Construction Work by Public Corporations, etc.
第三十九条（公共法人等の特定工事の請負に係る資産の譲渡等の時期の特例）
Where a corporation to which the provisions of the Corporation Tax Act do not apply makes transfers, etc. of assets under a contract for specified construction work, and that corporation accounts for the amount of consideration pertaining to the contract for that specified construction work by the percentage-of-completion method (meaning the percentage-of-completion method prescribed in Article 17, paragraph (1) of the Act; the same applies hereinafter in this Article) or a method equivalent thereto, Article 17 of the Act applies on the basis that that corporation is deemed to be one that is subject to the application of Article 63, paragraph (1) (Special Provisions on the Business Year to Which Revenue and Expenses Pertaining to Contracts for Construction Work Belong) of the Corporation Tax Act or one that accounts by the percentage-of-completion method in order to be subject to the application of paragraph (2) of that Article.
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specified construction workmachine translation
「特定工事」
In Articles 38 and 39, long-term large-scale construction work (長期大規模工事) under Article 17, paragraph (1) of the Consumption Tax Act or construction work under paragraph (2) of that Article.
Defined inArticle 38, paragraph (1)· applies only in this article and in Article 39
percentage-of-completion methodmachine translation
「工事進行基準の方法」
In Article 39, the percentage-of-completion method as Article 17, paragraph (1) of the Consumption Tax Act refers to it: the method under Article 66, paragraph (1) of the Income Tax Act or Article 63, paragraph (1) of the Corporation Tax Act of counting the revenue from a long-term, large-scale construction contract as the work progresses.
Defined inArticle 39, paragraph (1)· applies only in this article