Article 68-3Special Provisions on Taxation of the Shareholders in the Event of a Specified Merger
第六十八条の三（特定の合併等が行われた場合の株主等の課税の特例）
Where a corporation has, as a result of a merger (limited to a merger that does not fall under the category of qualified merger) of a domestic corporation to which the corporation issued old shares (meaning shares (including capital contributions; hereinafter the same applies in this Article) that were held by the corporation), been provided with shares of any one foreign corporation out of the foreign corporations which have a relationship with the merging corporation specified by Cabinet Order as a relationship whereby the foreign corporation directly or indirectly holds the whole of the issued shares of or capital contributions to the merging corporation (excluding the shares held by the merging corporation; referred to in paragraph (3) as "issued shares, etc."), if the shares of the foreign corporation are shares of a specified foreign corporation with less tax burden, etc. (meaning a specified foreign corporation with less tax burden, etc. prescribed in paragraph (5), item (i) of the preceding Article; hereinafter the same applies in this Article), the provisions of Article 61-2, paragraph (2) of the Corporation Tax Act (including the case where it is applied mutatis mutandis to the calculation made pursuant to the provisions of Article 142, paragraph (2) of that Act) and paragraph (17) of that Article do not apply.
法人が旧株（当該法人が有していた株式（出資を含む。以下この条において同じ。）をいう。）を発行した内国法人の合併（適格合併に該当しないものに限る。）により合併法人との間に当該合併法人の発行済株式又は出資（自己が有する自己の株式を除く。第三項において「発行済株式等」という。）の全部を直接又は間接に保有する関係として政令で定める関係がある外国法人のうちいずれか一の外国法人の株式の交付を受けた場合において、当該外国法人の株式が特定軽課税外国法人等（前条第五項第一号に規定する特定軽課税外国法人等をいう。以下この条において同じ。）の株式に該当するときは、法人税法第六十一条の二第二項（同法第百四十二条第二項の規定により準じて計算する場合を含む。）及び第十七項の規定は、適用しない。
Where a corporation has, as a result of a specified company split by split-off implemented by a domestic corporation to which the corporation issued owned shares (meaning shares held by the corporation) (such specified company split by split-off means a company split by split-off (meaning a split prescribed in paragraph (2), item (i) of the preceding Article, which does not fall under the category of qualified company split by split-off) whereby no assets other than shares of any one corporation (limited to one that falls under the category of specified foreign corporation with less tax burden, etc.; referred to as a "specified foreign parent corporation" in this paragraph) out of the parent corporations, prescribed in Article 61-2, paragraph (4) of the Corporation Tax Act, of the successor corporation in a company split have been provided as assets as a consideration for a split prescribed in Article 2, item (xii)-9, (a) of that Act), been provided with shares of a specified foreign parent corporation of the successor corporation in a company split, with regard to the application of the provisions of Article 61-2, paragraph (4) of that Act (including the case where it is applied mutatis mutandis to the calculation made pursuant to the provisions of Article 142, paragraph (2) of that Act) and paragraph (17) of that Article, the phrase "limited to those" in Article 61-2, paragraph (4) of that Act is deemed to be replaced with "limited to those, and excluding those that fall under a specified company split by split-off prescribed in Article 68-3, paragraph (2) (Special Provisions on Taxation of the Shareholders in the Event of a Specified Merger) of the Act on Special Measures Concerning Taxation", the phrase "and paragraph (8)" in paragraph (17) of that Article with ", paragraph (8)", the phrase "share distribution without delivery of money, etc." with "share distribution without delivery of money, etc. and a specified company split by split-off prescribed in Article 68-3, paragraph (2) of the Act on Special Measures Concerning Taxation", and the phrase "item (ii) of paragraph (1) of that Article" with "Article 24, paragraph (1), item (ii)".
法人が所有株式（当該法人が有する株式をいう。）を発行した内国法人の行つた特定分割型分割（法人税法第二条第十二号の九イに規定する分割対価資産として分割承継法人に係る同法第六十一条の二第四項に規定する親法人のうちいずれか一の法人（特定軽課税外国法人等に該当するものに限る。以下この項において「特定外国親法人」という。）の株式以外の資産が交付されなかつた分割型分割（前条第二項第一号に規定する分割で、適格分割型分割に該当しないものに限る。）をいう。）により分割承継法人に係る特定外国親法人の株式の交付を受けた場合における同法第六十一条の二第四項（同法第百四十二条第二項の規定により準じて計算する場合を含む。）及び第十七項の規定の適用については、同法第六十一条の二第四項中「ものに限る。」とあるのは「ものに限るものとし、租税特別措置法第六十八条の三第二項（特定の合併等が行われた場合の株主等の課税の特例）に規定する特定分割型分割に該当するものを除く。」と、同条第十七項中「及び第八項」とあるのは「、第八項」と、「金銭等不交付株式分配」とあるのは「金銭等不交付株式分配及び租税特別措置法第六十八条の三第二項に規定する特定分割型分割」と、「同条第一項第二号」とあるのは「第二十四条第一項第二号」とする。
Where a corporation has, as a result of a share exchange (limited to a share exchange that does not fall under the category of qualified share exchange, etc. prescribed in Article 2, item (xii)-17 of the Corporation Tax Act) implemented by a domestic corporation to which the corporation issued old shares (meaning shares that were held by the corporation), been provided with shares of any one foreign corporation out of the foreign corporations which have a relationship with the wholly owning parent corporation resulting from a share exchange specified by Cabinet Order as a relationship whereby the foreign corporation directly or indirectly holds the whole of the issued shares, etc. of the wholly owning parent corporation resulting from a share exchange, if the shares of the foreign corporation are shares of a specified foreign corporation with less tax burden, etc., the provisions of Article 61-2, paragraph (9) of that Act (including the case where it is applied mutatis mutandis to the calculation made pursuant to the provisions of Article 142, paragraph (2) of that Act) and Article 61-11, paragraph (1) of that Act do not apply to the transfer of those old shares.
法人が旧株（当該法人が有していた株式をいう。）を発行した内国法人の行つた株式交換（法人税法第二条第十二号の十七に規定する適格株式交換等に該当しないものに限る。）により株式交換完全親法人との間に当該株式交換完全親法人の発行済株式等の全部を直接又は間接に保有する関係として政令で定める関係がある外国法人のうちいずれか一の外国法人の株式の交付を受けた場合において、当該外国法人の株式が特定軽課税外国法人等の株式に該当するときは、当該旧株の譲渡については、同法第六十一条の二第九項（同法第百四十二条第二項の規定により準じて計算する場合を含む。）及び第六十一条の十一第一項の規定は、適用しない。
The acquisition cost for shares in the case where the provisions of the preceding three paragraphs apply, and other necessary matters concerning the application of the provisions of laws and regulations on corporation tax are specified by Cabinet Order.
前三項の規定の適用がある場合の株式の取得価額その他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。