次に掲げる年金の支払をする者は、当該年金については、第二百七条（源泉徴収義務）の規定にかかわらず、所得税を徴収して納付することを要しない。
A person paying any of the following pensions is not required to withhold and pay over income taxes on that pension, notwithstanding the provisions of Article 207 (Obligation to Withhold Taxes):
第二百七条に規定する契約に基づく年金の年額から当該契約に基づいて払い込まれた保険料又は掛金の額のうち当該年金に対応するものとして政令で定めるところにより計算した金額を控除した金額が政令で定める金額に満たない場合における当該年金
a pension based on a contract prescribed in Article 207, if the amount remaining after deducting, from the annual amount of the pension, the amount calculated pursuant to Cabinet Order as the portion of the insurance premiums or contributions paid under that contract which corresponds to the pension is less than the amount specified by Cabinet Order;
第二百七条に規定する契約に基づく年金のうち当該年金の支払を受ける者と当該契約に係る保険法（平成二十年法律第五十六号）第二条第三号（定義）に規定する保険契約者とが異なる契約その他の政令で定める契約に基づく年金
among pensions based on contracts prescribed in Article 207, a pension based on a contract under which the person receiving payment of the pension differs from the policyholder prescribed in Article 2, item (iii) (Definitions) of the Insurance Act (Act No. 56 of 2008) under that contract, or on any other contract specified by Cabinet Order.