Supplementary Provisions, Article 12Transitional Measures Concerning the Conversion, etc. of Foreign Currency-Denominated Assets and Liabilities for Which the Yen Equivalent of the Foreign Currency at the Time of Their Arising Was Fixed by a Foreign Exchange Futures Contract
第十二条（先物外国為替契約により発生時の外国通貨の円換算額を確定させた外貨建資産・負債の換算等に関する経過措置）
Where an individual has, before the Effective Date, concluded a foreign exchange futures contract prescribed in Article 167-6, paragraph (1) (Conversion, etc. of Foreign Currency-Denominated Assets and Liabilities for Which the Yen Equivalent of the Foreign Currency at the Time of Their Arising Was Fixed by a Foreign Exchange Futures Contract) of the New Order that fixes the yen equivalent (meaning the yen equivalent prescribed in Article 57-3, paragraph (1) of the New Act; the same applies in the following paragraph) of the amount of foreign currency to be paid or received in connection with a transaction in a foreign currency (meaning a transaction in a foreign currency prescribed in Article 57-3, paragraph (1) (Conversion of Transactions in a Foreign Currency) of the New Act; the same applies in the following paragraph) that gives rise to the acquisition or arising of the foreign currency-denominated assets and liabilities prescribed in Article 167-6, paragraph (1) of the New Order, and has not settled that foreign exchange futures contract by performance, etc. by the day before the Effective Date, and the individual pays or receives that foreign currency on or after the Effective Date, for the purpose of applying the provisions of Article 167-6, paragraph (1) of the New Order to that foreign exchange futures contract and that foreign currency, that foreign exchange futures contract is deemed to have been concluded on the Effective Date.
個人が、施行日前に新令第百六十七条の六第一項（先物外国為替契約により発生時の外国通貨の円換算額を確定させた外貨建資産・負債の換算等）に規定する外貨建資産・負債の取得又は発生の基因となる外貨建取引（新法第五十七条の三第一項（外貨建取引の換算）に規定する外貨建取引をいう。次項において同じ。）に伴って支払い、又は受け取る外国通貨の金額の円換算額（新法第五十七条の三第一項に規定する円換算額をいう。次項において同じ。）を確定させる新令第百六十七条の六第一項に規定する先物外国為替契約を締結し、かつ、施行日の前日までに当該先物外国為替契約の履行等による決済をしていない場合において、施行日以後に当該外国通貨の支払又は受取を行うときは、当該先物外国為替契約及び当該外国通貨に係る同項の規定の適用については、当該先物外国為替契約は施行日において締結したものとみなす。
Where an individual has, before the Effective Date, concluded a foreign exchange futures contract or similar contract prescribed in Article 57-3, paragraph (2) of the New Act that fixes the yen equivalent of the amount of an asset or liability prescribed in that paragraph, and has not settled that foreign exchange futures contract or similar contract by performance, etc. by the day before the Effective Date, and the individual conducts, on or after the Effective Date, a transaction in a foreign currency that gives rise to the acquisition or arising of that asset or liability, for the purpose of applying the provisions of Article 57-3, paragraph (2) of the New Act to that foreign exchange futures contract or similar contract and that asset or liability, that foreign exchange futures contract or similar contract is deemed to have been concluded on the Effective Date.
foreign exchange futures contractmachine translation
「先物外国為替契約」
A contract, of a kind a Ministry of Finance Order (財務省令) sets, that fixes in advance the yen amount of foreign currency to be received or paid in a foreign currency transaction.
Defined inArticle 167-6, paragraph (1)· applies only in this paragraph
New Ordermachine translation
「新令」
This Cabinet Order as amended by Cabinet Order No. 124 of 2006.
Short name set inSupplementary Provisions, Article 2, paragraph (1)
the Effective Datemachine translation
「施行日」
The date Cabinet Order No. 124 of 2006, the amending Cabinet Order these supplementary provisions (附則) belong to, comes into effect.
Short name set inSupplementary Provisions, Article 4, paragraph (1)
the New Actmachine translation
「新法」
In the supplementary provisions (附則) of Cabinet Order No. 124 of 2006, the Income Tax Act as amended by Article 1 of the 2006 Act partially amending the Income Tax Act and other laws (Act No. 10 of 2006).
Short name set inSupplementary Provisions, Article 5, paragraph (1)
yen equivalentmachine translation
「円換算額」
The yen equivalent of an amount in a foreign currency as defined in Article 57-3, paragraph (1) of the Income Tax Act as Act No. 10 of 2006 left it, used for income from transactions in a foreign currency (外貨建取引).
Defined inSupplementary Provisions, Article 12, paragraph (1)· applies only in this provision and in Supplementary Provisions, Article 12, paragraph (2)
transaction in a foreign currencymachine translation
「外貨建取引」
In Article 12 of the supplementary provisions (附則) of Cabinet Order No. 124 of 2006, a transaction in a foreign currency as defined in Article 57-3, paragraph (1) of the Income Tax Act as amended by Act No. 10 of 2006, used for foreign exchange futures contracts concluded before that Order came into effect and not yet settled by then.
Defined inSupplementary Provisions, Article 12, paragraph (1)· applies only in this provision and in Supplementary Provisions, Article 12, paragraph (2)