Article 41-12-2Special Provisions on Withholding at the Source, etc. for the Amount of Gain from Discount Bonds
第四十一条の十二の二（割引債の差益金額に係る源泉徴収等の特例）
A domestic corporation (limited to a general incorporated association or general incorporated foundation (excluding an incorporated public interest association and an incorporated public interest foundation), a workers' cooperative, an association or foundation without juridical personality prescribed in Article 2, paragraph (1), item (viii) of the Income Tax Act, and a corporation deemed to be a public interest corporation, etc. prescribed in Article 2, item (vi) of the Corporation Tax Act under laws other than the Corporation Tax Act, which is specified by Cabinet Order; the same applies hereinafter in this Article) or foreign corporation is liable to pay income tax with respect to the amount of gain pertaining to the following redemption money (for a foreign corporation, limited to the redemption money listed in item (i)) to be received on or after January 1, 2016 through the redemption of discount bonds (including retirement by purchase and the payment of interest on separated interest bonds prescribed in paragraph (6), item (i), (c) (referred to as "separated interest bonds" in item (i)); the same applies in that paragraph), and income tax is imposed by applying a tax rate of 15 percent to that amount of gain:
内国法人（一般社団法人及び一般財団法人（公益社団法人及び公益財団法人を除く。）、労働者協同組合、所得税法第二条第一項第八号に規定する人格のない社団等並びに法人税法以外の法律によつて法人税法第二条第六号に規定する公益法人等とみなされているもので政令で定めるものに限る。以下この条において同じ。）又は外国法人は、割引債の償還（買入消却及び第六項第一号ハに規定する分離利子公社債（第一号において「分離利子公社債」という。）に係る利子の支払を含む。同項において同じ。）により平成二十八年一月一日以後に支払を受けるべき次に掲げる償還金（外国法人にあつては、第一号に掲げる償還金に限る。）に係る差益金額について所得税を納める義務があるものとし、その差益金額に対し百分の十五の税率を適用して所得税を課する。
redemption money of discount bonds paid in Japan (including interest on separated interest bonds, and, where retirement by purchase is made, meaning the consideration for that purchase; the same applies hereinafter in this Article);
redemption money of discount bonds issued outside Japan (limited to that paid outside Japan; hereinafter referred to in this Article as "redemption money of foreign discount bonds") that is delivered through a person handling payment in Japan who is specified by Cabinet Order (hereinafter referred to in this Article as a "handler of foreign discount bonds").
国外において発行された割引債の償還金（国外において支払われるものに限る。以下この条において「国外割引債の償還金」という。）で国内における支払の取扱者で政令で定めるもの（以下この条において「国外割引債取扱者」という。）を通じて交付を受けるもの
A person who pays, on or after January 1, 2016, redemption money of discount bonds (excluding redemption money of specified discount bonds prescribed in the following paragraph to which the provisions of that paragraph apply) in Japan to an individual, or to a domestic corporation or foreign corporation, must, at the time of the payment, collect income tax in the amount calculated by multiplying the amount of gain pertaining to the redemption money of the discount bonds by a tax rate of 15 percent, and pay it to the State no later than the tenth day of the month following the month that includes the day of the collection.
A person handling payment in Japan of redemption money of discount bonds (limited to those that fall under listed shares, etc. prescribed in Article 37-11, paragraph (2) (referred to as "listed shares, etc." in paragraph (13)); hereinafter referred to in this Article as "specified discount bonds") paid in Japan on or after January 1, 2016 to an individual, or to a domestic corporation or foreign corporation, who is specified by Cabinet Order (referred to as a "handler of specified discount bonds" in paragraph (6) and paragraph (12)), must, at the time of delivering the redemption money to the individual, or to the domestic corporation or foreign corporation, collect income tax in the amount calculated by multiplying the amount of gain pertaining to the redemption money of the specified discount bonds delivered by a tax rate of 15 percent, and pay it to the State no later than the tenth day of the month following the month that includes the day of the collection.
A handler of foreign discount bonds in Japan for redemption money of foreign discount bonds paid on or after January 1, 2016 to a resident or domestic corporation must, at the time of delivering the redemption money of foreign discount bonds to the resident or domestic corporation, collect income tax in the amount calculated by multiplying the amount of gain pertaining to the redemption money of foreign discount bonds delivered by a tax rate of 15 percent, and pay it to the State no later than the tenth day of the month following the month that includes the day of the collection.
In the cases referred to in paragraph (1) and the preceding paragraph, if there is an amount of foreign income tax prescribed in Article 95, paragraph (1) of the Income Tax Act (including that specified by Cabinet Order as being equivalent to withholding at the source prescribed in Article 2, paragraph (1), item (xlv) of that Act) collected at the time of payment of redemption money of foreign discount bonds, the amount of gain referred to in paragraph (1) and the preceding paragraph is the amount remaining after deducting an amount equivalent to the amount of that foreign income tax from that amount of gain.
第一項及び前項の場合において、国外割引債の償還金の支払の際に徴収される所得税法第九十五条第一項に規定する外国所得税（同法第二条第一項第四十五号に規定する源泉徴収に相当するものとして政令で定めるものを含む。）の額があるときは、第一項及び前項の差益金額は、当該差益金額から当該外国所得税の額に相当する金額を控除した後の金額とする。
In this Article, the meanings of the terms listed in the following items are as prescribed respectively in those items:
この条において、次の各号に掲げる用語の意義は、当該各号に定めるところによる。
discount bond: Of the public and corporate bonds listed in Article 37-10, paragraph (2), item (vii) (hereinafter referred to in this item as "public and corporate bonds"), those listed below (excluding those that, at the time of their redemption, are entered or recorded in a transfer account book (meaning a transfer account book prescribed in the Act on Book-Entry Transfer of Corporate Bonds and Shares; the same applies in item (iii), (c)) pertaining to a specified account prescribed in Article 37-11-3, paragraph (3), item (i) or are placed in custody in that specified account, and foreign currency denominated bonds listed in paragraph (7), item (i) of the preceding Article):
割引債 第三十七条の十第二項第七号に掲げる公社債（以下この号において「公社債」という。）のうち次に掲げるもの（その償還の時において第三十七条の十一の三第三項第一号に規定する特定口座に係る振替口座簿（社債、株式等の振替に関する法律に規定する振替口座簿をいう。第三号ハにおいて同じ。）に記載若しくは記録がされ、又は当該特定口座に保管の委託がされているもの及び前条第七項第一号に掲げる外貨債を除く。）をいう。
those issued by means of a discount;
割引の方法により発行されるもの
separated principal bonds (meaning public and corporate bonds that, of public and corporate bonds separated into the part pertaining to the principal and the part pertaining to interest, each of which is traded independently, were the part pertaining to the principal);
分離元本公社債（公社債で元本に係る部分と利子に係る部分とに分離されてそれぞれ独立して取引されるもののうち、当該元本に係る部分であつた公社債をいう。）
separated interest bonds (meaning public and corporate bonds that, of public and corporate bonds separated into the part pertaining to the principal and the part pertaining to interest, each of which is traded independently, were the part pertaining to the interest; the same applies in item (iii), (b));
public and corporate bonds on which interest is paid, for which the ratio of the amount specified by Order of the Ministry of Finance as their issue price to their face value is the ratio specified by Order of the Ministry of Finance or less.
利子が支払われる公社債で、その発行価額として財務省令で定める金額の額面金額に対する割合が財務省令で定める割合以下であるもの
retirement by purchase: The purchase in the case of redeeming discount bonds by means of purchase;
買入消却 買入れの方法により割引債を償還する場合におけるその買入れをいう。
amount of gain: The amount specified in each of the following according to the category of discount bonds listed therein:
差益金額 次に掲げる割引債の区分に応じそれぞれ次に定める金額をいう。
discount bonds listed in item (i), (a), (b) and (d) whose period from the date of issue to the date of redemption is one year or less (excluding those listed in (c)): the amount calculated by multiplying the amount of redemption money of the discount bonds (where the person receiving payment of redemption money of discount bonds issued by a foreign corporation is a nonresident or a foreign corporation, the amount specified by Cabinet Order as the portion of that redemption money pertaining to the business conducted through the permanent establishment of the foreign corporation that issued the discount bonds; the same applies in (b)) by 0.2 percent;
discount bonds listed in item (i), (a), (b) and (d) whose period from the date of issue to the date of redemption exceeds one year, and separated interest bonds (excluding those listed in (c)): the amount calculated by multiplying the amount of redemption money of the discount bonds by 25 percent;
discount bonds for which the amount required for the acquisition of the discount bonds is managed, pursuant to the provisions of Cabinet Order, under a contract concerning the management of the amount required for the acquisition of discount bonds that the domestic corporation receiving payment of the redemption money of the discount bonds has concluded with the financial instruments business operator, etc. prescribed in Article 37-11-3, paragraph (3), item (i) in whose transfer account book the domestic corporation has the discount bonds entered or recorded, or with which it has placed them in custody, and which is the handler of specified discount bonds or handler of foreign discount bonds in Japan for that redemption money: where the amount of redemption money of the discount bonds exceeds the amount required for the acquisition of the discount bonds managed under the contract, the amount of that gain.
割引債のうち、その割引債の償還金の支払を受ける内国法人が当該割引債の振替口座簿への記載若しくは記録又は保管の委託をしている第三十七条の十一の三第三項第一号に規定する金融商品取引業者等で当該償還金に係る国内における特定割引債取扱者又は国外割引債取扱者であるものと締結した割引債の取得に要した金額の管理に関する契約に基づき、政令で定めるところにより当該割引債の取得に要した金額が管理されているもの 当該割引債の償還金の額が当該契約に基づき管理されている当該割引債の取得に要した金額を超える場合におけるその差益の金額
Income tax to be collected and paid pursuant to the provisions of paragraphs (2) through (4) is deemed to be income tax pertaining to withholding at the source as prescribed in Article 2, paragraph (1), item (xlv) of the Income Tax Act, and the provisions of that Act, the Act on General Rules for National Taxes and the National Tax Collection Act apply. In this case, where the person who is to receive payment of redemption money of discount bonds is a domestic corporation or foreign corporation, with regard to the application of the provisions of the Corporation Tax Act to that domestic corporation or foreign corporation, the phrase "or prize money" in Article 68, paragraph (1) of that Act is deemed to be replaced with "or prize money, or redemption money of discount bonds listed in the items of Article 41-12-2, paragraph (1) 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 "that Act" is deemed to be replaced with "the Income Tax Act or the Act on Special Measures Concerning Taxation", and the phrase "of the Income Tax Act" in Article 144 of that Act is deemed to be replaced with "of the Income Tax Act or the Act on Special Measures Concerning Taxation".
第二項から第四項までの規定により徴収して納付すべき所得税は、所得税法第二条第一項第四十五号に規定する源泉徴収に係る所得税とみなして、同法、国税通則法及び国税徴収法の規定を適用する。この場合において、割引債の償還金の支払を受けるべき者が内国法人又は外国法人であるときは、当該内国法人又は外国法人に対する法人税法の規定の適用については、同法第六十八条第一項中「又は賞金」とあるのは「若しくは賞金又は租税特別措置法第四十一条の十二の二第一項各号（割引債の差益金額に係る源泉徴収等の特例）に掲げる割引債の償還金」と、「同法」とあるのは「所得税法又は租税特別措置法」と、同法第百四十四条中「所得税法の」とあるのは「所得税法又は租税特別措置法の」とする。
A person who pays redemption money of specified discount bonds in Japan to a resident or to a nonresident who has a permanent establishment (including a person specified by Cabinet Order as being equivalent thereto (hereinafter referred to in this paragraph and the following paragraph as a "quasi-payer"); hereinafter referred to in this Article as a "payer of redemption money") must, pursuant to the provisions of Order of the Ministry of Finance, deliver a written notice concerning the payment of the redemption money of specified discount bonds to the person receiving the payment no later than the last day of the month following the month that includes the day on which the payment was finalized (or, where a quasi-payer delivers it, the 15th day of the second month following the month that includes the day on which the payment was finalized).
Where a payer of redemption money prepares, pursuant to the provisions of Order of the Ministry of Finance, the written notice referred to in the preceding paragraph based on the total amount of redemption money of specified discount bonds paid to the same person during the year, the payer of redemption money must, notwithstanding the provisions of that paragraph, deliver the written notice to the person receiving the payment no later than January 31 of the year following the year that includes the day on which the payment referred to in that paragraph was finalized (or, where a quasi-payer delivers it, February 15 of that following year).
A payer of redemption money may, in lieu of delivering a written notice under the provisions of the preceding two paragraphs, provide the matters to be stated in the written notice by the electronic or magnetic means prescribed in Article 8-4, paragraph (6), pursuant to the provisions of Cabinet Order and with the consent of the person receiving the payment; provided, however, that the payer must deliver the written notice to the person receiving the payment if requested by that person.
In the case referred to in the main clause of the preceding paragraph, the payer of redemption money referred to in that paragraph is deemed to have delivered the written notice referred to in paragraph (8) or paragraph (9).
Where redemption money of specified discount bonds is delivered through a handler of specified discount bonds in Japan, the provisions of paragraph (8) through the preceding paragraph apply by deeming the handler of specified discount bonds to be the person who pays the redemption money of specified discount bonds prescribed in paragraph (8). In this case, with regard to the person who pays the redemption money of specified discount bonds, the provisions of paragraph (8) through the preceding paragraph do not apply to the part pertaining to that redemption money of specified discount bonds.
Where redemption money of foreign discount bonds pertaining to discount bonds that fall under listed shares, etc. is delivered through a handler of foreign discount bonds in Japan, the provisions of paragraphs (8) through (11) apply by deeming the redemption money of foreign discount bonds to be paid in Japan, and deeming the handler of foreign discount bonds to be the person who pays the redemption money of foreign discount bonds.
国外割引債の償還金で上場株式等に該当する割引債に係るものにつき国内における国外割引債取扱者を通じてその交付がされる場合には、当該国外割引債の償還金を国内において支払うものと、当該国外割引債取扱者を当該国外割引債の償還金の支払をする者とそれぞれみなして、第八項から第十一項までの規定を適用する。
Beyond what is specified in paragraph (7) and paragraph (10) through the preceding paragraph, necessary matters concerning the application of the provisions of paragraphs (1) through (6), paragraph (8) and paragraph (9) are specified by Cabinet Order.