Where a specific purpose company prescribed in Article 2, paragraph (3) of the Act on the Securitization of Assets (hereinafter referred to as the "Asset Securitization Act" in this paragraph) (hereinafter referred to as a "specific purpose company" in this Article) that satisfies the requirements listed in item (i) pays dividends of profits (including distributions of monies prescribed in Article 115, paragraph (1) of the Asset Securitization Act; hereinafter the same applies in this paragraph), the amount of those dividends of profits (including, where the amount of money delivered to its investors by that specific purpose company due to the grounds listed in Article 24, paragraph (1), items (iv) through (vi) of the Corporation Tax Act exceeds the amount specified by Cabinet Order as the amount of the portion, out of the amount of stated capital, etc. of that specific purpose company prescribed in Article 2, item (xvi) of that Act, corresponding to the contribution to that specific purpose company that gave rise to the delivery, the amount of the excess; hereinafter the same applies in this paragraph and paragraph (4)) that pertains to a business year that satisfies the requirements listed in item (ii) (hereinafter referred to as a "business year of application" in this paragraph) is included in deductible expenses in calculating the amount of income for that business year of application; provided, however, that where the amount of those dividends of profits exceeds the amount specified by Cabinet Order as the amount of income for that business year of application, the amount to be included in deductible expenses is limited to the amount so specified by Cabinet Order.
資産の流動化に関する法律(以下この項において「資産流動化法」という。)第二条第三項に規定する特定目的会社(以下この条において「特定目的会社」という。)のうち第一号に掲げる要件を満たすものが支払う利益の配当(資産流動化法第百十五条第一項に規定する金銭の分配を含む。以下この項において同じ。)の額(当該特定目的会社の法人税法第二十四条第一項第四号から第六号までに掲げる事由によりその出資者に対して交付する金銭の額が当該特定目的会社の同法第二条第十六号に規定する資本金等の額のうちその交付の基因となつた当該特定目的会社の出資に対応する部分の金額として政令で定める金額を超える場合におけるその超える部分の金額を含む。以下この項及び第四項において同じ。)で第二号に掲げる要件を満たす事業年度(以下この項において「適用事業年度」という。)に係るものは、当該適用事業年度の所得の金額の計算上、損金の額に算入する。ただし、その利益の配当の額が当該適用事業年度の所得の金額として政令で定める金額を超える場合には、その損金の額に算入する金額は、当該政令で定める金額を限度とする。
all of the following requirements:
次に掲げる全ての要件
it is registered in the specific purpose company register referred to in Article 8, paragraph (1) of the Asset Securitization Act;
資産流動化法第八条第一項の特定目的会社名簿に登載されているものであること。
it falls under any of the following:
次のいずれかに該当するものであること。
the total issue price of the specified bonds (meaning specified bonds prescribed in Article 2, paragraph (7) of the Asset Securitization Act (excluding specified short-term bonds prescribed in paragraph (8) of that Article); hereinafter the same applies in this paragraph) that it has issued (limited to an issuance where the public offering of securities prescribed in Article 2, paragraph (3) of the Financial Instruments and Exchange Act pertaining to that issuance is a solicitation of offers to acquire prescribed in that paragraph that falls under the case listed in item (i) of that paragraph) is 100 million yen or more;
その発行(当該発行に係る金融商品取引法第二条第三項に規定する有価証券の募集が、同項に規定する取得勧誘であつて同項第一号に掲げる場合に該当するものに限る。)をした特定社債(資産流動化法第二条第七項に規定する特定社債(同条第八項に規定する特定短期社債を除く。)をいう。以下この項において同じ。)の発行価額の総額が一億円以上であるもの
the specified bonds that it has issued are expected to be held only by institutional investors (meaning financial instruments business operators prescribed in Article 2, paragraph (9) of the Financial Instruments and Exchange Act (limited to those engaged in the type I financial instruments business prescribed in Article 28, paragraph (1) of that Act that falls under the securities-related business prescribed in paragraph (8) of that Article, or in the investment management business prescribed in paragraph (4) of that Article) and others specified by Order of the Ministry of Finance; hereinafter the same applies in this item) and others specified by Cabinet Order as similar thereto;
the preferred equity investments (meaning preferred equity investments prescribed in Article 2, paragraph (5) of the Asset Securitization Act; hereinafter the same applies in this item) that it has issued have been subscribed for by 50 or more persons;
その発行をした優先出資(資産流動化法第二条第五項に規定する優先出資をいう。以下この号において同じ。)が五十人以上の者によつて引き受けられたもの
the preferred equity investments that it has issued have been subscribed for only by institutional investors;
each public offering pertaining to the preferred equity investments that it has issued and to the base specified equity (meaning specified equity (meaning specified equity prescribed in Article 2, paragraph (6) of the Asset Securitization Act) pertaining to an asset securitization plan (meaning an asset securitization plan prescribed in Article 2, paragraph (4) of the Asset Securitization Act; the same applies in (a) of the following item) that does not state the matters specified by Order of the Ministry of Finance as matters concerning the rights (meaning the rights listed in the items of Article 27, paragraph (2) of the Asset Securitization Act) of specified members (meaning specified members prescribed in Article 2, paragraph (5) of the Asset Securitization Act); hereinafter the same applies in this item) (for base specified equity, the allotment or public offering under the provisions of Article 17, paragraph (1), item (i) or Article 36, paragraph (1) of the Asset Securitization Act) falls under a public offering specified by Cabinet Order as one conducted mainly in Japan; and
その発行をした優先出資及び基準特定出資(特定社員(資産流動化法第二条第五項に規定する特定社員をいう。)の権利(資産流動化法第二十七条第二項各号に掲げる権利をいう。)に係る事項として財務省令で定めるものの記載がない資産流動化計画(資産流動化法第二条第四項に規定する資産流動化計画をいう。次号イにおいて同じ。)に係る特定出資(資産流動化法第二条第六項に規定する特定出資をいう。)をいう。以下この号において同じ。)に係るそれぞれの募集(基準特定出資にあつては、資産流動化法第十七条第一項第一号又は第三十六条第一項の規定による割当て又は募集)が主として国内において行われるものとして政令で定めるものに該当するものであること。
any other requirement specified by Cabinet Order.
その他政令で定める要件
all of the following requirements:
次に掲げる全ての要件
it conducts the business pertaining to the securitization of assets prescribed in Article 195, paragraph (1) of the Asset Securitization Act and business incidental thereto in accordance with the asset securitization plan;
資産流動化法第百九十五条第一項に規定する資産の流動化に係る業務及びその附帯業務を資産流動化計画に従つて行つていること。
there is no fact that it engages in other business prescribed in Article 195, paragraph (1) of the Asset Securitization Act;
資産流動化法第百九十五条第一項に規定する他の業務を営んでいる事実がないこと。
it has placed in trust the specified assets prescribed in Article 200, paragraph (1) of the Asset Securitization Act as trust property, or has entrusted the business pertaining to the management and disposal of those specified assets (limited to the assets listed in the items of paragraph (2) of that Article) to another person;
資産流動化法第二百条第一項に規定する特定資産を信託財産として信託していること又は当該特定資産(同条第二項各号に掲げる資産に限る。)の管理及び処分に係る業務を他の者に委託していること。
at the end of that business year, it does not fall under the category of family corporations prescribed in Article 2, item (x) of the Corporation Tax Act that are specified by Cabinet Order (excluding one that falls under (b)(1) or (2) of the preceding item);
当該事業年度終了の時において法人税法第二条第十号に規定する同族会社のうち政令で定めるものに該当するもの(前号ロ(1)又は(2)に該当するものを除く。)でないこと。
the amount of dividends of profits paid for that business year exceeds the amount equivalent to 90 percent of the amount specified by Cabinet Order as the amount of distributable profit for that business year (where the specific purpose company has issued specified bonds, the amount after deducting the amount specified by Cabinet Order from that amount);
it has not become a partner with unlimited liability prescribed in Article 195, paragraph (2) of the Asset Securitization Act;
資産流動化法第百九十五条第二項に規定する無限責任社員となつていないこと。
any other requirement specified by Cabinet Order.
その他政令で定める要件
With regard to the application of the provisions of the Corporation Tax Act to a specific purpose company, the terms listed in the middle column of the following table in the provisions of that Act listed in the left-hand column of that table are deemed to be replaced with the terms listed in the right-hand column of that table.
| Article 23, paragraph (1) | a domestic corporation | a domestic corporation (excluding a specific purpose company; hereinafter the same applies in this paragraph) |
| Article 23-2, paragraph (1) | a domestic corporation receives from a foreign subsidiary | a domestic corporation (excluding a specific purpose company; hereinafter the same applies in this paragraph) receives from a foreign subsidiary |
| Proviso to Article 57, paragraph (1) | 50 percent of the amount of income | 50 percent of the amount of income (for a specific purpose company that satisfies the requirements listed in Article 67-14, paragraph (1), item (i) (Special Provisions on Taxation of Specific Purpose Companies) of the Act on Special Measures Concerning Taxation, 100 percent of that amount of income) |
| Article 69, paragraph (1) | a domestic corporation in each business year | a domestic corporation (excluding a specific purpose company; hereinafter the same applies in this Article) in each business year |
特定目的会社に対する法人税法の規定の適用については、次の表の上欄に掲げる同法の規定中同表の中欄に掲げる字句は、同表の下欄に掲げる字句とする。
| 第二十三条第一項 | 内国法人が | 内国法人(特定目的会社を除く。以下この項において同じ。)が |
| 第二十三条の二第一項 | 内国法人が外国子会社 | 内国法人(特定目的会社を除く。以下この項において同じ。)が外国子会社 |
| 第五十七条第一項ただし書 | 所得の金額の百分の五十 | 所得の金額の百分の五十(租税特別措置法第六十七条の十四第一項第一号(特定目的会社に係る課税の特例)に掲げる要件を満たす特定目的会社にあつては、当該所得の金額の百分の百) |
| 第六十九条第一項 | 内国法人が各事業年度 | 内国法人(特定目的会社を除く。以下この条において同じ。)が各事業年度 |
With regard to the application of the provisions of Article 62-3, paragraph (3), Article 66-8, paragraphs (1) and (7), and Article 66-9-4, paragraphs (1) and (6) to a specific purpose company, the phrase "falls under" in Article 62-3, paragraph (3) is deemed to be replaced with "falls under, and a transfer made by a specific purpose company prescribed in Article 2, paragraph (3) of the Act on the Securitization of Assets in a business year that satisfies the requirements listed in Article 67-14, paragraph (1), item (ii) (excluding (e))", the phrase "a foreign corporation (excluding one that falls under a foreign subsidiary prescribed in Article 23-2, paragraph (1) of the Corporation Tax Act; hereinafter the same applies in this paragraph)" in Article 66-8, paragraph (1) is deemed to be replaced with "a foreign corporation", the phrase "that Act" is deemed to be replaced with "the Corporation Tax Act", the phrase "a foreign corporation (excluding one that falls under a foreign subsidiary prescribed in Article 23-2, paragraph (1) of the Corporation Tax Act; hereinafter the same applies in this paragraph)" in paragraph (7) of that Article is deemed to be replaced with "a foreign corporation", the phrase "a foreign corporation (excluding one that falls under a foreign subsidiary prescribed in Article 23-2, paragraph (1) of the Corporation Tax Act; hereinafter the same applies in this paragraph)" in Article 66-9-4, paragraph (1) is deemed to be replaced with "a foreign corporation", the phrase "that Act" is deemed to be replaced with "the Corporation Tax Act", and the phrase "a foreign corporation (excluding one that falls under a foreign subsidiary prescribed in Article 23-2, paragraph (1) of the Corporation Tax Act; hereinafter the same applies in this paragraph)" in paragraph (6) of that Article is deemed to be replaced with "a foreign corporation".
特定目的会社に対する第六十二条の三第三項、第六十六条の八第一項及び第七項並びに第六十六条の九の四第一項及び第六項の規定の適用については、第六十二条の三第三項中「該当する」とあるのは「該当するもの及び資産の流動化に関する法律第二条第三項に規定する特定目的会社が行う譲渡で第六十七条の十四第一項第二号(ホを除く。)に掲げる要件を満たす事業年度において行う」と、第六十六条の八第一項中「外国法人(法人税法第二十三条の二第一項に規定する外国子会社に該当するものを除く。以下この項において同じ。)」とあるのは「外国法人」と、「同法」とあるのは「法人税法」と、同条第七項中「外国法人(法人税法第二十三条の二第一項に規定する外国子会社に該当するものを除く。以下この項において同じ。)」とあるのは「外国法人」と、第六十六条の九の四第一項中「外国法人(法人税法第二十三条の二第一項に規定する外国子会社に該当するものを除く。以下この項において同じ。)」とあるのは「外国法人」と、「同法」とあるのは「法人税法」と、同条第六項中「外国法人(法人税法第二十三条の二第一項に規定する外国子会社に該当するものを除く。以下この項において同じ。)」とあるのは「外国法人」とする。
The provisions of Article 23, paragraph (1) of the Corporation Tax Act do not apply to the amount of dividends of profits that a corporation receives from a specific purpose company.
法人が特定目的会社から支払を受ける利益の配当の額については、法人税法第二十三条第一項の規定は、適用しない。
The provisions of Article 62-4, paragraph (1) of the Corporation Tax Act do not apply to a transfer of assets or liabilities by a corporation to a specific purpose company through a capital contribution in kind.
法人の特定目的会社に対する現物出資による資産又は負債の移転については、法人税法第六十二条の四第一項の規定は、適用しない。
The provisions of paragraph (1) apply only if the final return, etc. for the business year for which the corporation seeks the application of the provisions of that paragraph contains a statement concerning the inclusion in deductible expenses of the amount to be included in deductible expenses pursuant to the provisions of that paragraph and has attached to it a written statement concerning the calculation of the amount to be included in deductible expenses, and the corporation preserves documents that make clear that it satisfies the requirements listed in paragraph (1), item (i), (b) and (c).
Even where a final return, etc. has been filed without the statement or the written statement set forth in the preceding paragraph attached thereto, or the documents set forth in that paragraph have not been preserved, the district director may, when the district director finds any unavoidable reason for the failure to make the statement, attach the written statement or preserve the documents, apply the provisions of paragraph (1).
Beyond what is provided for in the preceding two paragraphs, necessary matters concerning the application of the provisions of paragraphs (1) through (5) and other necessary matters concerning the application of the provisions of laws and regulations concerning corporation tax to specific purpose companies and their members are specified by Cabinet Order.
前二項に定めるもののほか、第一項から第五項までの規定の適用その他特定目的会社及びその社員に係る法人税に関する法令の規定の適用に関し必要な事項は、政令で定める。