A resident or a nonresident who has a permanent establishment who has interest and similar income prescribed in Article 23, paragraph (1) of the Income Tax Act (excluding general interest and similar income prescribed in Article 3, paragraph (1) and others specified by Cabinet Order; hereinafter referred to in this Article as "interest and similar income") or dividends and similar income prescribed in Article 24, paragraph (1) of that Act (excluding distributions of proceeds from the beneficial rights listed in the items of Article 8-2, paragraph (1) and others specified by Cabinet Order; hereinafter referred to in this Article as "dividends and similar income") which are to be received on or after January 1, 2016 and which are listed in the following items may, with respect to income tax for each year from that year onward, apply the provisions of Article 93, paragraph (1), Articles 120 through 127 (including as applied mutatis mutandis pursuant to Article 166 of that Act), and Article 165-5-3, paragraph (1) of that Act, and the provisions of Article 123, paragraph (1) of that Act (including as applied mutatis mutandis pursuant to Article 166 of that Act) as applied mutatis mutandis pursuant to Article 37-12-2, paragraph (9) (including as applied mutatis mutandis pursuant to Article 37-13-3, paragraph (10)), by excluding the amount of interest income pertaining to the interest and similar income or the amount of dividend income pertaining to the dividends and similar income in calculating the amount of gross income, the amount of dividend tax credit, or the amount of net losses prescribed in Article 120, Article 123, or Article 127 of that Act (including as applied mutatis mutandis pursuant to Article 166 of that Act), the amount of income other than employment income and retirement income prescribed in Article 121, paragraph (1) of that Act (including as applied mutatis mutandis pursuant to Article 166 of that Act), the amount of income other than miscellaneous income from public pensions, etc. prescribed in Article 121, paragraph (3) of that Act (including as applied mutatis mutandis pursuant to Article 166 of that Act), or the amount of dividend income, etc. on listed shares, etc. prescribed in paragraph (1) of the preceding Article, and by excluding the amount equivalent to the foreign tax adjusted at distribution pertaining to the interest and similar income or dividends and similar income in calculating the amount equivalent to the foreign tax adjusted at distribution prescribed in Article 93, paragraph (1) or Article 165-5-3, paragraph (1) of that Act (hereinafter referred to in this paragraph and the following paragraph as the "amount equivalent to the foreign tax adjusted at distribution"):
平成二十八年一月一日以後に支払を受けるべき所得税法第二十三条第一項に規定する利子等（第三条第一項に規定する一般利子等その他の政令で定めるものを除く。以下この条において「利子等」という。）又は同法第二十四条第一項に規定する配当等（第八条の二第一項各号に掲げる受益権の収益の分配その他の政令で定めるものを除く。以下この条において「配当等」という。）で次に掲げるものを有する居住者又は恒久的施設を有する非居住者は、同年以後の各年分の所得税については、同法第百二十条、第百二十三条若しくは第百二十七条（これらの規定を同法第百六十六条において準用する場合を含む。）に規定する総所得金額、配当控除の額若しくは純損失の金額若しくは同法第百二十一条第一項（同法第百六十六条において準用する場合を含む。）に規定する給与所得及び退職所得以外の所得金額若しくは同法第百二十一条第三項（同法第百六十六条において準用する場合を含む。）に規定する公的年金等に係る雑所得以外の所得金額又は前条第一項に規定する上場株式等に係る配当所得等の金額の計算上当該利子等に係る利子所得の金額又は配当等に係る配当所得の金額を除外し、かつ、同法第九十三条第一項又は第百六十五条の五の三第一項に規定する分配時調整外国税相当額（以下この項及び次項において「分配時調整外国税相当額」という。）の計算上当該利子等又は配当等に係る分配時調整外国税相当額を除外したところにより、同法第九十三条第一項、第百二十条から第百二十七条まで（これらの規定を同法第百六十六条において準用する場合を含む。）及び第百六十五条の五の三第一項の規定並びに第三十七条の十二の二第九項（第三十七条の十三の三第十項において準用する場合を含む。）において準用する同法第百二十三条第一項（同法第百六十六条において準用する場合を含む。）の規定を適用することができる。
dividends and similar income received from a domestic corporation (excluding those listed in the following item through item (vi)), where the amount to be received from the domestic corporation in a single payment is the amount calculated by multiplying 100,000 yen by the number of months in the dividend calculation period (meaning the period from the day following the record date for the payment of the dividends and similar income paid by the domestic corporation immediately before those dividends and similar income, to the record date for the payment of those dividends and similar income paid by the domestic corporation) and dividing the product by 12, or less;
interest and similar income or dividends and similar income listed in paragraph (1), item (i) of the preceding Article which are received from the State, a local government, or any other domestic corporation (referred to in item (vii) as a "domestic corporation, etc.");
distributions of proceeds from an investment trust received from a domestic corporation, for which the public offering of beneficial rights at its establishment was conducted through a public offering as prescribed in paragraph (1), item (ii) of the preceding Article (excluding a specified stock investment trust);
dividends and similar income on investment units received from a specified investment corporation (meaning a specified investment corporation as prescribed in paragraph (1), item (iii) of the preceding Article);
distributions of proceeds from a specified trust that issues beneficiary certificates (limited to one for which the public offering of beneficial rights acquired by the settlor at the time of conclusion of its trust contract was conducted through a public offering as prescribed in paragraph (1), item (iv) of the preceding Article);
dividends of surplus on bond-type beneficial interests in a special purpose trust received from a domestic corporation (limited to a special purpose trust for which the public offering of bond-type beneficial interests held by the original entrustor at the time of conclusion of its trust contract was conducted through a public offering as prescribed in Article 8-2, paragraph (1), item (ii));
内国法人から支払を受ける特定目的信託（その信託契約の締結時において原委託者が有する社債的受益権の募集が第八条の二第一項第二号に規定する公募により行われたものに限る。）の社債的受益権の剰余金の配当
interest on specified public and corporate bonds prescribed in Article 3, paragraph (1), item (i) which is received from a domestic corporation, etc.
Where a determination under the provisions of Article 25 of the Act on General Rules for National Taxes (including a reassessment under the provisions of Article 24 or Article 26 of that Act pertaining to the determination) is made with respect to income tax for each year from 2016 onward of a resident or a nonresident prescribed in the preceding paragraph, with regard to the application of those provisions, the amount of interest income falling under the provisions of that paragraph, the amount of dividend income falling under the provisions of that paragraph and the amount of dividend tax credit pertaining thereto, and the amount equivalent to the foreign tax adjusted at distribution falling under the provisions of that paragraph are not to be included in the tax base, etc. or the amount of tax, etc. prescribed in those Articles.
前項に規定する居住者又は非居住者の平成二十八年以後の各年分の所得税について国税通則法第二十五条の規定による決定（当該決定に係る同法第二十四条又は第二十六条の規定による更正を含む。）をする場合におけるこれらの規定の適用については、同項の規定に該当する利子所得の金額、同項の規定に該当する配当所得の金額及びこれに係る配当控除の額並びに同項の規定に該当する分配時調整外国税相当額は、これらの条に規定する課税標準等及び税額等には含まれないものとする。
The number of months referred to in paragraph (1), item (i) is calculated in accordance with the calendar; where it exceeds 12 months, it is to be 12 months, and where it includes a fraction of less than one month, the fraction is to be counted as one month.
第一項第一号の月数は、暦に従つて計算し、十二月を超えるときは十二月とし、一月に満たない端数を生じたときはこれを一月とする。
The provisions of paragraph (1) may be applied to the interest and similar income or dividends and similar income listed in the items of that paragraph held by a resident or a nonresident who has a permanent establishment referred to in that paragraph, separately for each amount of interest and similar income or each amount of dividends and similar income to be received in a single payment.
Special provisions of Article 224, Article 225, and Article 228 of the Income Tax Act pertaining to the interest and similar income or dividends and similar income listed in the items of paragraph (1) that are specified by Cabinet Order are specified by Cabinet Order.