Article 41-13Tax Exemption, etc. for Profit from Redemption of Book-Entry Government Bonds, etc.
第四十一条の十三（振替国債等の償還差益の非課税等）
Income tax is not imposed on profit from redemption (meaning the margin where the amount received through the redemption (including retirement by purchase; the same applies hereinafter in this Article) of the book-entry government bonds or book-entry municipal bonds exceeds the acquisition price of the book-entry government bonds or book-entry municipal bonds) received by a nonresident with respect to book-entry government bonds prescribed in Article 5-2, paragraph (1) (excluding those that fall under discount bonds (meaning, of the public and corporate bonds listed in Article 37-10, paragraph (2), item (vii), those listed in paragraph (6), item (i), (a) through (d) of the preceding Article; hereinafter the same applies in this paragraph and the following paragraph); hereinafter referred to in this paragraph and paragraph (4) as "book-entry government bonds") or book-entry municipal bonds prescribed in Article 5-2, paragraph (1) (excluding those that fall under discount bonds; hereinafter referred to in this paragraph and paragraph (4) as "book-entry municipal bonds").
非居住者が第五条の二第一項に規定する振替国債（割引債（第三十七条の十第二項第七号に掲げる公社債のうち前条第六項第一号イからニまでに掲げるものをいう。以下この項及び次項において同じ。）に該当するものを除く。以下この項及び第四項において「振替国債」という。）又は第五条の二第一項に規定する振替地方債（割引債に該当するものを除く。以下この項及び第四項において「振替地方債」という。）につき支払を受ける償還差益（その振替国債又は振替地方債の償還（買入消却を含む。以下この条において同じ。）により受ける金額がその振替国債又は振替地方債の取得価額を超える場合におけるその差益をいう。）については、所得税を課さない。
Income tax is not imposed on profit from redemption (meaning the margin where the amount received through the redemption of the specified book-entry corporate bonds, etc. exceeds the acquisition price of the specified book-entry corporate bonds, etc.) received by a nonresident with respect to specified book-entry corporate bonds, etc. prescribed in Article 5-3, paragraph (4), item (vii) (excluding those that fall under discount bonds; hereinafter referred to in this Article as "specified book-entry corporate bonds, etc."), which is received by a person who is not a specially-related person, prescribed in Article 5-3, paragraph (2), of the issuer of the specified book-entry corporate bonds, etc.
非居住者が第五条の三第四項第七号に規定する特定振替社債等（割引債に該当するものを除く。以下この条において「特定振替社債等」という。）につき支払を受ける償還差益（その特定振替社債等の償還により受ける金額がその特定振替社債等の取得価額を超える場合におけるその差益をいう。）で当該特定振替社債等の発行をする者の第五条の三第二項に規定する特殊関係者でないものが支払を受けるものについては、所得税を課さない。
Income tax is not imposed on profit from redemption (meaning the margin where the amount received through the redemption of the private foreign bonds exceeds the acquisition price of the private foreign bonds) received by a nonresident with respect to private foreign bonds prescribed in Article 6, paragraph (4) that were issued on or after April 1, 1998 (hereinafter referred to in this paragraph and the following paragraph as "private foreign bonds"), which is received by a person who is not a specially-related person, prescribed in paragraph (4) of that Article, of the issuer of the private foreign bonds.
The amount of loss arising from the redemption of book-entry government bonds, book-entry municipal bonds, specified book-entry corporate bonds, etc. (excluding those held by a specially-related person, prescribed in Article 5-3, paragraph (2), of the issuer of the specified book-entry corporate bonds, etc.) or private foreign bonds (excluding those held by a specially-related person, prescribed in Article 6, paragraph (4), of the issuer of the private foreign bonds) held by a nonresident is deemed not to exist with regard to the application of the provisions of laws and regulations concerning income tax.
The provisions of the preceding paragraphs do not apply to the profit from redemption prescribed in paragraph (1), the profit from redemption prescribed in paragraph (2) or the profit from redemption prescribed in paragraph (3), or the amount of loss prescribed in the preceding paragraph, that is received by a nonresident who has a permanent establishment or that arises for a nonresident who has a permanent establishment, and that falls under the domestic source income listed in Article 164, paragraph (1), item (i), (a) of the Income Tax Act.
The determination of whether a person receiving the profit from redemption prescribed in paragraph (2) of specified book-entry corporate bonds, etc. is a specially-related person prescribed in that paragraph, and other necessary matters concerning the application of the provisions of the preceding paragraphs are specified by Cabinet Order.
第四十一条の十三の二（割引債の償還差益等に係る国内源泉所得の課税の特例）
With regard to profit from redemption (meaning the margin where the amount received through the redemption prescribed in Article 41-12-2, paragraph (1) of the discount bonds exceeds the acquisition price of the discount bonds) of discount bonds (meaning, of the public and corporate bonds listed in Article 37-10, paragraph (2), item (vii), those listed in Article 41-12-2, paragraph (6), item (i), (a) through (d) (limited to those issued by a foreign corporation); hereinafter the same applies in this paragraph) to be received by a nonresident on or after January 1, 2016, the portion specified by Cabinet Order as pertaining to the business conducted through the permanent establishment of the foreign corporation is deemed to be domestic source income listed in Article 161, paragraph (1), item (ii) of the Income Tax Act, and the provisions of that Act and other laws and regulations concerning income tax apply.
非居住者が平成二十八年一月一日以後に支払を受けるべき割引債（第三十七条の十第二項第七号に掲げる公社債のうち第四十一条の十二の二第六項第一号イからニまでに掲げるもの（外国法人が発行するものに限る。）をいう。以下この項において同じ。）の償還差益（当該割引債の同条第一項に規定する償還により受ける金額が当該割引債の取得価額を超える場合におけるその差益をいう。）のうち当該外国法人の恒久的施設を通じて行う事業に係るものとして政令で定めるものについては、所得税法第百六十一条第一項第二号に掲げる国内源泉所得とみなして、同法その他所得税に関する法令の規定を適用する。
The provisions of Article 180 of the Income Tax Act apply mutatis mutandis to the amount of gain prescribed in Article 41-12-2, paragraph (6), item (iii) pertaining to the redemption money listed in paragraph (1), item (i) of that Article of discount bonds prescribed in paragraph (6), item (i) of that Article that a foreign corporation that has a permanent establishment is to receive on or after January 1, 2016 (excluding that to which the provisions of paragraph (1) of the following Article apply). In this case, in Article 180, paragraph (1) of that Act, the phrase "Article 7, paragraph (1), item (v) (Scope of Taxable Income of Foreign Corporations) and the preceding two Articles" is deemed to be replaced with "Article 41-12-2, paragraphs (1) through (3) of the Act on Special Measures Concerning Taxation (Special Provisions on Withholding at the Source, etc. for the Amount of Gain from Discount Bonds)", the phrase "limited to that pertaining to" is deemed to be replaced with "limited to that pertaining to, and including the amount of gain (meaning the amount of gain prescribed in paragraph (6), item (iii) of that Article; the same applies hereinafter in this paragraph) pertaining to the redemption money (meaning the redemption money listed in paragraph (1), item (i) of that Article; the same applies hereinafter in this paragraph) of discount bonds prescribed in Article 41-12-2, paragraph (6), item (i) of that Act", and the phrase "person paying" is deemed to be replaced with "person paying (or, where the domestic source income falls under the amount of gain pertaining to the redemption money of specified discount bonds prescribed in Article 41-12-2, paragraph (3) of that Act, the handler of specified discount bonds prescribed in that paragraph in Japan for the redemption money of those specified discount bonds)".
所得税法第百八十条の規定は、恒久的施設を有する外国法人が平成二十八年一月一日以後に支払を受けるべき第四十一条の十二の二第六項第一号に規定する割引債の同条第一項第一号に掲げる償還金に係る同条第六項第三号に規定する差益金額（次条第一項の規定の適用を受けるものを除く。）について準用する。この場合において、同法第百八十条第一項中「第七条第一項第五号（外国法人の課税所得の範囲）及び前二条」とあるのは「租税特別措置法第四十一条の十二の二第一項から第三項まで（割引債の差益金額に係る源泉徴収等の特例）」と、「係るものに限る」とあるのは「係るものに限るものとし、同法第四十一条の十二の二第六項第一号に規定する割引債の償還金（同条第一項第一号に掲げる償還金をいう。以下この項において同じ。）に係る差益金額（同条第六項第三号に規定する差益金額をいう。以下この項において同じ。）を含む」と、「支払をする者」とあるのは「支払をする者（当該国内源泉所得が同法第四十一条の十二の二第三項に規定する特定割引債の償還金に係る差益金額に該当する場合にあつては、当該特定割引債の償還金の国内における同項に規定する特定割引債取扱者）」と読み替えるものとする。