Article 144-2-2Credit for Amount Equivalent to the Foreign Tax Adjusted at Distribution for Foreign Corporations
第百四十四条の二の二（外国法人に係る分配時調整外国税相当額の控除）
In the case where a foreign corporation having a permanent establishment receives payment of distributions of proceeds from a group investment trust in each business year (limited to the case where it receives payment of distributions of proceeds that fall under the category of income attributable to a permanent establishment), the amount equivalent to the amount specified by Cabinet Order as the portion, corresponding to the distributions of proceeds that the foreign corporation receives, of the amount of the foreign tax adjusted at distribution pertaining to the distributions of proceeds (meaning a tax equivalent to income tax imposed under foreign laws and regulations as prescribed in Article 176, paragraph (3) (Special Provisions on Taxation of Interest and Similar Income from Trust Property) of the Income Tax Act, which is specified by Cabinet Order) that has been deducted from the amount of income tax on the distributions of proceeds pursuant to the provisions of that paragraph or Article 180-2, paragraph (3) (Special Provisions on Taxation of Interest and Similar Income from Trust Property) of that Act (referred to as the "amount equivalent to the foreign tax adjusted at distribution" in the following paragraph and paragraph (3)) is deducted, as specified by Cabinet Order, from the amount of corporation tax on income pertaining to income attributable to a permanent establishment for the business year.
恒久的施設を有する外国法人が各事業年度において集団投資信託の収益の分配の支払を受ける場合（恒久的施設帰属所得に該当するものの支払を受ける場合に限る。）には、当該収益の分配に係る分配時調整外国税（所得税法第百七十六条第三項（信託財産に係る利子等の課税の特例）に規定する外国の法令により課される所得税に相当する税で政令で定めるものをいう。）の額で同項又は同法第百八十条の二第三項（信託財産に係る利子等の課税の特例）の規定により当該収益の分配に係る所得税の額から控除された金額のうち当該外国法人が支払を受ける収益の分配に対応する部分の金額として政令で定める金額に相当する金額（次項及び第三項において「分配時調整外国税相当額」という。）は、政令で定めるところにより、当該事業年度の恒久的施設帰属所得に係る所得に対する法人税の額から控除する。
The provisions of the preceding paragraph do not apply to the amount equivalent to the foreign tax adjusted at distribution pertaining to income arising from a business other than the profit-making business, or assets belonging thereto, of an association or foundation without juridical personality which is a foreign corporation.
前項の規定は、外国法人である人格のない社団等の収益事業以外の事業又はこれに属する資産から生ずる所得に係る分配時調整外国税相当額については、適用しない。
The provisions of Article 69-2, paragraph (3) (Credit for Amount Equivalent to the Foreign Tax Adjusted at Distribution) apply mutatis mutandis in the case where a credit under the provisions of paragraph (1) is made with regard to the amount equivalent to the foreign tax adjusted at distribution.
第六十九条の二第三項（分配時調整外国税相当額の控除）の規定は、分配時調整外国税相当額につき第一項の規定による控除をする場合について準用する。
Beyond what is provided for in the preceding two paragraphs, necessary matters concerning the application of the provisions of paragraph (1) are specified by Cabinet Order.