Article 64-12Gains or Losses on the Fair Valuation of Assets Accompanying Participation in the Group Tax Sharing System
第六十四条の十二（通算制度への加入に伴う資産の時価評価損益）
The valuation gain (meaning, in the case where the value at that time exceeds the book value at that time, the amount of the excess) or the valuation loss (meaning, in the case where the book value at that time exceeds the value at that time, the amount of the excess) of the assets evaluated by fair value (meaning fixed assets, land (including any right on land and excluding land that falls under the category of fixed assets), securities, monetary claims and deferred assets (excluding those of these assets specified by Cabinet Order as not being suitable for the booking of valuation gains or losses)) held as of the end of the business year immediately before joining group tax sharing (meaning the business year of the other domestic corporation containing the day preceding the day on which the group tax sharing approval becomes effective for the other domestic corporation; the same applies hereinafter in this paragraph) by another domestic corporation prescribed in Article 64-9, paragraph (11) or paragraph (12) (Group Tax Sharing Approval) to which the provisions of those paragraphs apply (excluding the following) is included in gross profits or deductible expenses, when calculating the amount of income for the business year immediately before joining group tax sharing:
第六十四条の九第十一項又は第十二項（通算承認）の規定の適用を受けるこれらの規定に規定する他の内国法人（次に掲げるものを除く。）が通算加入直前事業年度（当該他の内国法人について通算承認の効力が生ずる日の前日の属する当該他の内国法人の事業年度をいう。以下この項において同じ。）終了の時に有する時価評価資産（固定資産、土地（土地の上に存する権利を含み、固定資産に該当するものを除く。）、有価証券、金銭債権及び繰延資産（これらの資産のうち評価損益の計上に適しないものとして政令で定めるものを除く。）をいう。）の評価益の額（その時の価額がその時の帳簿価額を超える場合のその超える部分の金額をいう。）又は評価損の額（その時の帳簿価額がその時の価額を超える場合のその超える部分の金額をいう。）は、当該通算加入直前事業年度の所得の金額の計算上、益金の額又は損金の額に算入する。
in the case where a group tax sharing corporation has established a corporation that has a full controlling interest held by the group tax sharing parent corporation pertaining to the group tax sharing corporation, that corporation;
in the case where a group tax sharing parent corporation has come to have, with a corporation, a full controlling interest held by the group tax sharing parent corporation (limited to the case where, immediately before it came to have that interest, there was a controlling interest held by the group tax sharing parent corporation between the group tax sharing parent corporation and the corporation) and all of the following requirements are met, that corporation (limited to one falling under the case specified by Cabinet Order as a case where a full controlling interest held by the group tax sharing parent corporation is expected to continue between the group tax sharing parent corporation and that corporation, and excluding a wholly owned subsidiary corporation in a share exchange or similar act involved in a share exchange, etc. that falls under none of (a) through (c) of Article 2, item (xii)-17 (Definitions), through which it came to have the full controlling interest):
通算親法人が法人との間に当該通算親法人による完全支配関係を有することとなつた場合（その有することとなつた時の直前において当該通算親法人と当該法人との間に当該通算親法人による支配関係がある場合に限る。）で、かつ、次に掲げる要件の全てに該当する場合における当該法人（当該通算親法人との間に当該通算親法人による完全支配関係が継続することが見込まれている場合として政令で定める場合に該当するものに限るものとし、第二条第十二号の十七イからハまで（定義）のいずれにも該当しない株式交換等により完全支配関係を有することとなつた当該株式交換等に係る株式交換等完全子法人を除く。）
it is expected that approximately 80 percent or more of the total number of employees of the corporation immediately before it comes to have the full controlling interest will continue to engage in the operations of the corporation (including the operations of a corporation that has a full controlling interest with the corporation);
当該法人の当該完全支配関係を有することとなる時の直前の従業者のうち、その総数のおおむね百分の八十以上に相当する数の者が当該法人の業務（当該法人との間に完全支配関係がある法人の業務を含む。）に引き続き従事することが見込まれていること。
it is expected that the main business conducted by the corporation before it comes to have the full controlling interest will continue to be conducted by the corporation (including a corporation that has a full controlling interest with the corporation).
当該法人の当該完全支配関係を有することとなる前に行う主要な事業が当該法人（当該法人との間に完全支配関係がある法人を含む。）において引き続き行われることが見込まれていること。
in the case where a group tax sharing parent corporation has come to have, with a corporation, a full controlling interest held by the group tax sharing parent corporation, and the case falls under the case specified by Cabinet Order as a case where the group tax sharing parent corporation or another group tax sharing corporation and the corporation conduct business jointly, that corporation (limited to one falling under the case specified by Cabinet Order as a case where a full controlling interest held by the group tax sharing parent corporation is expected to continue between the group tax sharing parent corporation and that corporation, and excluding a wholly owned subsidiary corporation in a share exchange or similar act involved in a share exchange, etc. that falls under none of (a) through (c) of Article 2, item (xii)-17, through which it came to have the full controlling interest).
通算親法人が法人との間に当該通算親法人による完全支配関係を有することとなつた場合で、かつ、当該通算親法人又は他の通算法人と当該法人とが共同で事業を行う場合として政令で定める場合に該当する場合における当該法人（当該通算親法人との間に当該通算親法人による完全支配関係が継続することが見込まれている場合として政令で定める場合に該当するものに限るものとし、第二条第十二号の十七イからハまでのいずれにも該当しない株式交換等により完全支配関係を有することとなつた当該株式交換等に係る株式交換等完全子法人を除く。）
The valuation gain (meaning, in the case where the value at that time exceeds the book value at that time, the amount of the excess) or the valuation loss (meaning, in the case where the book value at that time exceeds the value at that time, the amount of the excess) of the shares or capital contributions (in the case where the provisions of the preceding paragraph apply in the business year of the corporation holding shares, etc. containing the day preceding that day, excluding those that fall under the category of assets evaluated by fair value prescribed in that paragraph) held, as of the day on which the group tax sharing approval became effective for the other domestic corporation prescribed in the preceding paragraph (excluding one falling under the case specified by Cabinet Order as a case where a full controlling interest held by the group tax sharing parent corporation is expected to continue between the group tax sharing parent corporation and that other domestic corporation, and a corporation specified by Cabinet Order as a corporation not subject to the provisions of Article 64-5 (Aggregation of Profits and Losses)), by a domestic corporation that holds shares of or capital contributions to the other domestic corporation (hereinafter referred to as the "corporation holding shares, etc." in this paragraph) is included in gross profits or deductible expenses, when calculating the amount of income for the business year of the corporation holding shares, etc. containing that preceding day.
前項に規定する他の内国法人（通算親法人との間に当該通算親法人による完全支配関係が継続することが見込まれている場合として政令で定める場合に該当するもの及び第六十四条の五（損益通算）の規定の適用を受けない法人として政令で定める法人を除く。）について通算承認の効力が生じた日において当該他の内国法人の株式又は出資を有する内国法人（以下この項において「株式等保有法人」という。）の当該株式又は出資（同日の前日の属する当該株式等保有法人の事業年度において前項の規定の適用がある場合には、同項に規定する時価評価資産に該当するものを除く。）の評価益の額（その時の価額がその時の帳簿価額を超える場合のその超える部分の金額をいう。）又は評価損の額（その時の帳簿価額がその時の価額を超える場合のその超える部分の金額をいう。）は、当該前日の属する当該株式等保有法人の事業年度の所得の金額の計算上、益金の額又は損金の額に算入する。
The book value of assets whose valuation gain or valuation loss prescribed in the preceding two paragraphs has been included in gross profits or deductible expenses under those provisions and other necessary matters concerning the application of those provisions are specified by Cabinet Order.
前二項の規定によりこれらの規定に規定する評価益の額又は評価損の額を益金の額又は損金の額に算入された資産の帳簿価額その他これらの規定の適用に関し必要な事項は、政令で定める。
Read this with the articles around it
(Definitions)
qualified share exchange, etc.: These mean a share exchange, etc. that falls under any of the following, in which no assets other than the shares of any one of the corporations…
適格株式交換等 次のいずれかに該当する株式交換等で株式交換等完全子法人の株主等に株式交換等完全親法人又は株式交換完全支配親法人（株式交換完全親法人との間に当該株式交換完全親法人の発行済株式等の全部を直接又は間接に保有する関係として政令で定める関係がある法人をいう。）のうちいずれか一の法人の株式以外の資産（当該株主等に…
Open this provisionGains or Losses on the Fair Valuation of Assets Accompanying Participation in the Group Tax Sharing System
The valuation gain (meaning, in the case where the value at that time exceeds the book value at that time, the amount of the excess) or the valuation loss…
第六十四条の九第十一項又は第十二項（通算承認）の規定の適用を受けるこれらの規定に規定する他の内国法人（次に掲げるものを除く。）が通算加入直前事業年度（当該他の内国法人について通算承認の効力が生ずる日の前日の属する当該他の内国法人の事業年度をいう。以下この項において同じ。）終了の時に有する時価評価資産（固定資産、土地（…
Open this provisionGains or Losses on the Fair Valuation of Assets Accompanying Participation in the Group Tax Sharing System
The valuation gain (meaning, in the case where the value at that time exceeds the book value at that time, the amount of the excess) or the valuation loss…
前項に規定する他の内国法人（通算親法人との間に当該通算親法人による完全支配関係が継続することが見込まれている場合として政令で定める場合に該当するもの及び第六十四条の五（損益通算）の規定の適用を受けない法人として政令で定める法人を除く。）について通算承認の効力が生じた日において当該他の内国法人の株式又は出資を有する内国…
Open this provisionAggregation of Profits and Losses
In the case where, in the business year ending on the base date of another group tax sharing corporation that has a group tax sharing full controlling interest with a group tax sharing corporation as…
通算法人の所得事業年度（通算前所得金額（第五十七条第一項（欠損金の繰越し）、第五十九条第三項及び第四項（会社更生等による債務免除等があつた場合の欠損金の損金算入）、第六十二条の五第五項（現物分配による資産の譲渡）、この条並びに第六十四条の七第六項（欠損金の通算）の規定を適用しないものとして計算した場合における所得の金…
Open this provisionGroup Tax Sharing Approval
In the case where another domestic corporation prescribed in paragraph (2) has come to have, with a group tax sharing parent corporation, a full controlling interest held by the group tax sharing…
第二項に規定する他の内国法人が通算親法人との間に当該通算親法人による完全支配関係を有することとなつた場合（第十四条第八項（第二号に係る部分に限る。）（事業年度の特例）の規定の適用を受ける場合を除く。）には、当該他の内国法人については…
Open this provisionGroup Tax Sharing Approval
In the case where another domestic corporation prescribed in paragraph (2) has come to have, in the special application year, with the parent corporation prescribed in paragraph (1) that obtains…
第二項に規定する他の内国法人が申請特例年度において第七項の規定の適用を受けて通算承認を受ける第一項に規定する親法人との間に当該親法人による完全支配関係を有することとなつた場合（第十四条第八項（第二号に係る部分に限る。）の規定の適用を受ける場合を除く。）には、前項の規定にかかわらず…
Open this provisiondomestic corporation
「内国法人」
A corporation whose head office or principal office is in Japan.
Defined inArticle 2, paragraph (1), item (iii)· applies throughout the law
wholly owned subsidiary corporation in a share exchange or similar actmachine translation
「株式交換等完全子法人」
A wholly owned subsidiary corporation in a share exchange (株式交換完全子法人), or the target corporation (対象法人) under Article 2, item (xii)-16 of a share exchange, etc. (株式交換等) other than a share exchange.
Defined inArticle 2, paragraph (1), item (xii-6-2)· applies throughout the law
wholly owning parent corporation in a share exchange or similar actmachine translation
「株式交換等完全親法人」
A wholly owning parent corporation in a share exchange (株式交換完全親法人), or, for a share exchange, etc. (株式交換等) other than a share exchange, the corporation that is the largest shareholder, etc. under Article 2, item (xii)-16(a) or (b), or the one shareholder, etc. under item (xii)-16(c).
Defined inArticle 2, paragraph (1), item (xii-6-4)· applies throughout the law
group tax sharing parent corporationmachine translation
「通算親法人」
A parent corporation (親法人) as described in Article 64-9(1) that has received the approval under that paragraph to use the group tax sharing system.
Defined inArticle 2, paragraph (1), item (xii-6-7)· applies throughout the law
group tax sharing corporationmachine translation
「通算法人」
A group tax sharing parent corporation (通算親法人) or group tax sharing subsidiary corporation (通算子法人): a corporation that has, with the others in its group, the approval under Article 64-9(1) to use the group tax sharing system.
Defined inArticle 2, paragraph (1), item (xii-7-2)· applies throughout the law
controlling interestmachine translation
「支配関係」
A relationship, as a Cabinet Order (政令) specifies, in which one person holds, directly or indirectly, more than 50 percent of a corporation's issued shares or capital contributions (not counting those the corporation holds itself), or the relationship between corporations each in such a relationship with the same person.
Defined inArticle 2, paragraph (1), item (xii-7-5)· applies throughout the law
full controlling interestmachine translation
「完全支配関係」
A relationship, of a kind a Cabinet Order (政令) specifies, in which one person holds directly or indirectly all the issued shares or capital contributions of a corporation (not counting those it holds itself), or the relationship between corporations each in such a relationship with the same person.
Defined inArticle 2, paragraph (1), item (xii-7-6)· applies throughout the law
share exchange, etc.machine translation
「株式交換等」
A share exchange (株式交換), or one of the acts in Article 2, item (xii)-16(a) to (c) — an acquisition by resolution of class shares subject to class-wide call (全部取得条項付種類株式), a share consolidation, or approval of a demand for sale of shares — through which the target corporation comes under the full control (完全支配関係) of its largest shareholder, etc. or of the one shareholder, etc. who made the demand.
Defined inArticle 2, paragraph (1), item (xii-16)· applies throughout the law
qualified share exchange, etc.machine translation
「適格株式交換等」
A share exchange, etc. (株式交換等) of one of the kinds Article 2, item (xii)-17 lists — such as one where the wholly owning parent corporation already fully controls the subsidiary, one between corporations in a controlling interest (支配関係) in which about 80 percent or more of the subsidiary's employees and its main business carry on, or one for running a business jointly — in which the subsidiary's shareholders receive nothing but shares of the wholly owning parent corporation or of its own wholly owning parent, apart from dividends of surplus, payments to dissenting shareholders and certain other cash payments that item lists.
Defined inArticle 2, paragraph (1), item (xii-17)· applies throughout the law
securities
「有価証券」
Securities as defined in Article 2, paragraph (1) of the Financial Instruments and Exchange Act and similar instruments a Cabinet Order (政令) specifies, other than a corporation's own shares or capital contributions that it holds and instruments related to derivative transactions (デリバティブ取引) under Article 61-5, paragraph (1).
Defined inArticle 2, paragraph (1), item (xxi)· applies throughout the law
fixed assets
「固定資産」
Land (including rights over land), depreciable assets, telephone subscription rights and other assets that a Cabinet Order (政令) specifies.
Defined inArticle 2, paragraph (1), item (xxii)· applies throughout the law
deferred assets
「繰延資産」
Expenses a corporation pays whose benefit lasts a year or more from the day of payment, of kinds a Cabinet Order (政令) specifies.
Defined inArticle 2, paragraph (1), item (xxiv)· applies throughout the law
business yearmachine translation
「事業年度」
In this Act, the period that is the unit for calculating a corporation's assets and profits and losses — its accounting period (会計期間) set by law or by its articles of incorporation or similar rules (定款等), or, where none is set, the period it notified to the district tax office, the one the office designated or the one Article 13, paragraph (4) provides — divided into one-year periods from its first day where it is longer than a year.
Defined inArticle 13, paragraph (1)· applies throughout the law
group tax sharing approvalmachine translation
「通算承認」
The approval of the Commissioner of the National Tax Agency (国税庁長官) under Article 64-9(1) for a parent corporation (親法人) and the domestic corporations under its full controlling interest (完全支配関係) to use the group tax sharing system.
Short name set inArticle 64-9, paragraph (2)· applies only in this division and in Part 2, Chapter 1, Section 1, Subsection 11, Division 3
business year immediately before joining group tax sharingmachine translation
「通算加入直前事業年度」
In Article 64-12(1), the business year of another domestic corporation joining a group that includes the day before its group tax sharing approval (通算承認) takes effect.
Defined inArticle 64-12, paragraph (1)· applies only in this paragraph
corporation holding shares, etc.machine translation
「株式等保有法人」
In Article 64-12, paragraph (2), a domestic corporation that, on the day the approval for group tax sharing (通算承認) takes effect for a corporation joining it under paragraph (1), holds shares or capital contributions in that corporation, other than one whose full control by the group tax sharing parent corporation (通算親法人) is expected to continue, or one a Cabinet Order (政令) places outside the aggregation of profits and losses (損益通算), in the cases a Cabinet Order specifies.
Short name set inArticle 64-12, paragraph (2)· applies only in this paragraph