Article 67-16Special Provisions on Taxation on Foreign Partners
第六十七条の十六（外国組合員に対する課税の特例）
With regard to the domestic source income listed in Article 138, paragraph (1), item (i) of the Corporation Tax Act (excluding that which falls under the domestic source income listed in items (ii) through (vi) of that paragraph and the domestic source income listed in Article 161, paragraph (1), items (viii) through (xi) and items (xiii) through (xvi) of the Income Tax Act) held by a foreign corporation that is a partner who has concluded an investment partnership contract (meaning an investment partnership contract prescribed in Article 41-21, paragraph (4), item (i); hereinafter the same applies in this Article), that conducts business through a permanent establishment under that investment partnership contract and that satisfies the requirements listed in the items of Article 41-21, paragraph (1), which is attributable to that permanent establishment (referred to as "covered domestic source income" in the following paragraph), no corporation tax is imposed.
投資組合契約（第四十一条の二十一第四項第一号に規定する投資組合契約をいう。以下この条において同じ。）を締結している組合員である外国法人で、当該投資組合契約に基づいて恒久的施設を通じて事業を行うもののうち第四十一条の二十一第一項各号に掲げる要件を満たすものが有する法人税法第百三十八条第一項第一号に掲げる国内源泉所得（同項第二号から第六号までに掲げる国内源泉所得に該当するもの並びに所得税法第百六十一条第一項第八号から第十一号まで及び第十三号から第十六号までに掲げる国内源泉所得に該当するものを除く。）で当該恒久的施設に帰せられるもの（次項において「対象国内源泉所得」という。）については、法人税を課さない。
If a foreign corporation has received the application of the provisions of the preceding paragraph with respect to covered domestic source income, the amount specified by Cabinet Order as the amount of loss pertaining to covered domestic source income arising from the business conducted through a permanent establishment under the investment partnership contract concluded by that foreign corporation to which that application pertains (referred to as a "special application partnership business" in the following paragraph) is deemed not to exist for the purpose of applying the provisions of the Corporation Tax Act and other laws and regulations concerning corporation tax.
If the provisions of paragraph (1) apply, the domestic source income listed in Article 138, paragraph (1), item (i) of the Corporation Tax Act (limited to that which falls under the domestic source income listed in items (ii) through (vi) of that paragraph and the domestic source income listed in Article 161, paragraph (1), items (viii) through (xi) and items (xiii) through (xvi) of the Income Tax Act) held by a foreign corporation that is attributable to a permanent establishment pertaining to a special application partnership business is deemed not to fall under the domestic source income listed in Article 138, paragraph (1), item (i) of the Corporation Tax Act, and the provisions of that Act, this Act and other laws and regulations concerning corporation tax apply accordingly.
第一項の規定の適用がある場合における外国法人が有する法人税法第百三十八条第一項第一号に掲げる国内源泉所得（同項第二号から第六号までに掲げる国内源泉所得に該当するもの並びに所得税法第百六十一条第一項第八号から第十一号まで及び第十三号から第十六号までに掲げる国内源泉所得に該当するものに限る。）で特例適用組合事業に係る恒久的施設に帰せられるものは、法人税法第百三十八条第一項第一号に掲げる国内源泉所得に該当しないものとみなして、同法、この法律その他法人税に関する法令の規定を適用する。
The provisions of Article 41-21, paragraphs (5) through (13) apply mutatis mutandis to the case where the provisions of paragraph (1) apply. In this case, the phrase "the day before the date on which the domestic source income listed in Article 161, paragraph (1), item (iv) of the Income Tax Act received under the investment partnership contract pertaining to that special application return is deemed to have been paid under the provisions of Article 212, paragraph (5) of that Act (or, if the person is a nonresident, that day before or March 15 of the year following the year that includes the date on which the person first comes to have domestic source income prescribed in Article 161, paragraph (1) of that Act on or after the date on which the person came to fall under that case, whichever is earlier)" in paragraph (9) of that Article is deemed to be replaced with "the due date for filing the return under the provisions of Article 144-6, paragraph (1) of the Corporation Tax Act for the business year prescribed in Article 2, paragraph (2), item (xix) that includes the date on which the person comes to have domestic source income prescribed in Article 138, paragraph (1) of that Act".
第四十一条の二十一第五項から第十三項までの規定は、第一項の規定を適用する場合について準用する。この場合において、同条第九項中「当該特例適用申告書に係る投資組合契約に基づいて受ける所得税法第百六十一条第一項第四号に掲げる国内源泉所得の同法第二百十二条第五項の規定により支払があつたものとみなされる日の前日（その者が非居住者である場合にあつては、当該前日又は当該該当することとなつた日以後最初に同法第百六十一条第一項に規定する国内源泉所得を有することとなつた日の属する年の翌年三月十五日のいずれか早い日）」とあるのは、「法人税法第百三十八条第一項に規定する国内源泉所得を有することとなつた日を含む第二条第二項第十九号に規定する事業年度に係る同法第百四十四条の六第一項の規定による申告書の提出期限」と読み替えるものとする。
With regard to the application of the provisions of Article 146, paragraph (2), Article 146-2, paragraph (2) and Article 150-2 of the Corporation Tax Act in the case where the provisions of paragraph (1) apply, the term "internal dealings" in the row of Article 123, item (ii) (Dismissal of Application for Approval of Blue Return) in the table in Article 146, paragraph (2) of that Act, in Article 146-2, paragraph (2) and in Article 150-2, paragraph (1) is deemed to be replaced with "internal dealings (excluding those pertaining to covered domestic source income prescribed in Article 67-16, paragraph (1) (Special Provisions on Taxation on Foreign Partners) of the Act on Special Measures Concerning Taxation)".
第一項の規定の適用がある場合における法人税法第百四十六条第二項、第百四十六条の二第二項及び第百五十条の二の規定の適用については、同法第百四十六条第二項の表第百二十三条第二号（青色申告の承認申請の却下）の項、第百四十六条の二第二項及び第百五十条の二第一項中「内部取引」とあるのは、「内部取引（租税特別措置法第六十七条の十六第一項（外国組合員に対する課税の特例）に規定する対象国内源泉所得に係るものを除く。）」とする。
Beyond what is provided for in the preceding two paragraphs, necessary matters concerning the application of the provisions of paragraph (1) and the application of other provisions of laws and regulations concerning corporation tax with respect to foreign corporations that have concluded investment partnership contracts are specified by Cabinet Order.
第六十七条の十六の二（令和九年に開催される二千二十七年国際園芸博覧会の公式参加者である外国法人等に係る課税の特例）
No corporation tax is imposed on the domestic source income listed in Article 138, paragraph (1), item (i) of the Corporation Tax Act, or the domestic source income listed in item (vi) of that paragraph that is specified by Cabinet Order, for each business year of the following foreign corporations (limited to such domestic source income pertaining to the Expo-related work prescribed in Article 29 performed during the period from April 1, 2025 to March 31, 2028; referred to as "covered domestic source income" in the following paragraph):
an official participant prescribed in Article 29, item (i);
a foreign corporation specified by Order of the Ministry of Finance prescribed in Article 29, item (ii);
第二十九条第二号に規定する財務省令で定める外国法人
the Bureau International des Expositions.
博覧会国際事務局
The amount specified by Cabinet Order as the amount of loss pertaining to covered domestic source income for each business year of a foreign corporation listed in any of the items of the preceding paragraph is deemed not to exist for the purpose of applying the provisions of the Corporation Tax Act and other laws and regulations concerning corporation tax.
With regard to the application of the provisions of Article 146-2, paragraph (2) and Article 150-2 of the Corporation Tax Act in the case where the provisions of paragraph (1) apply, the term "internal dealings" in that paragraph and in paragraph (1) of that Article is deemed to be replaced with "internal dealings (excluding those pertaining to covered domestic source income prescribed in Article 67-16-2, paragraph (1) (Special Provisions on Taxation on Foreign Corporations, etc. That Are Official Participants in the International Horticultural Expo 2027 to Be Held in 2027) of the Act on Special Measures Concerning Taxation)".
第一項の規定の適用がある場合における法人税法第百四十六条の二第二項及び第百五十条の二の規定の適用については、同項及び同条第一項中「内部取引」とあるのは、「内部取引（租税特別措置法第六十七条の十六の二第一項（令和九年に開催される二千二十七年国際園芸博覧会の公式参加者である外国法人等に係る課税の特例）に規定する対象国内源泉所得に係るものを除く。）」とする。
Beyond what is provided for in the preceding paragraph, necessary matters concerning the application of the provisions of laws and regulations concerning corporation tax with respect to the foreign corporations listed in the items of paragraph (1) are specified by Cabinet Order.
Article 67-17Tax Exemption for Profit from Redemption, etc. of Book-Entry Government Bonds, etc.
第六十七条の十七（振替国債の償還差益等の非課税等）
No corporation tax is imposed on profit from redemption (meaning the margin profit generated when the amount received from the redemption (including retirement by purchase; the same applies in the following paragraph, paragraph (3) and paragraph (11)) of the book-entry government bonds or book-entry municipal bonds exceeds the acquisition cost of the book-entry government bonds or book-entry municipal bonds) that a foreign corporation receives with respect to book-entry government bonds prescribed in Article 5-2, paragraph (1) (excluding those that fall under discount bonds (meaning discount bonds prescribed in Article 41-13, paragraph (1); hereinafter the same applies in this paragraph and the following paragraph); referred to as "book-entry government bonds" in this paragraph and paragraph (11)) or book-entry municipal bonds prescribed in Article 5-2, paragraph (1) (excluding those that fall under discount bonds; referred to as "book-entry municipal bonds" in this paragraph and paragraph (11)).
No corporation tax is imposed on profit from redemption (meaning the margin profit generated when the amount received from the redemption of the specified book-entry corporate bonds, etc. exceeds the acquisition cost of the specified book-entry corporate bonds, etc.) that a foreign corporation receives 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; referred to as "specified book-entry corporate bonds, etc." in this paragraph, paragraph (11) and paragraph (13)), which is received by a person that is not a specially-related person, prescribed in paragraph (2) of that Article, of the person issuing those specified book-entry corporate bonds, etc.
No corporation tax is imposed on profit from redemption (meaning the margin profit generated when the amount received from the redemption of the private foreign bonds exceeds the acquisition cost of the private foreign bonds) that a foreign corporation receives with respect to private foreign bonds prescribed in Article 6, paragraph (4) issued on or after April 1, 1998 (referred to as "private foreign bonds" in this paragraph and paragraph (11)), which is received by a person that is not a specially-related person, prescribed in paragraph (4) of that Article, of the person issuing those private foreign bonds.
Out of the profit from redemption of discount bonds prescribed in Article 41-12-2, paragraph (6), item (i) issued by a foreign corporation (meaning the margin profit generated when the amount received from the redemption, prescribed in paragraph (1) of that Article, of those discount bonds exceeds the acquisition cost of those discount bonds), that which is specified by Cabinet Order as pertaining to the business conducted through the permanent establishment of that foreign corporation is deemed to be the domestic source income listed in Article 138, paragraph (1), item (ii) of the Corporation Tax Act, and the provisions of that Act and other laws and regulations concerning corporation tax apply accordingly.
外国法人の発行する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、法人税法第百三十八条第一項第二号に掲げる国内源泉所得とみなして、同法その他法人税に関する法令の規定を適用する。
Profit from redemption prescribed in Article 41-12, paragraph (7) (excluding that which falls under the domestic source income listed in Article 141, item (i), (a) of the Corporation Tax Act) of discount bonds prescribed in paragraph (7) of that Article (limited to those to which the provisions of paragraph (3) of that Article have been applied) received by a foreign corporation is to be treated as not falling under the domestic source income listed in (b) of that item or in Article 141, item (ii) of that Act.
外国法人が支払を受ける第四十一条の十二第七項に規定する割引債（同条第三項の規定の適用を受けたものに限る。）の同条第七項に規定する償還差益（法人税法第百四十一条第一号イに掲げる国内源泉所得に該当するものを除く。）は、同号ロ又は同法第百四十一条第二号に掲げる国内源泉所得に該当しないものとする。
Where a foreign corporation has income arising from the holding of specified book-entry discount bonds (meaning specified book-entry discount bonds prescribed in Article 41-13-3, paragraph (7), item (vii); hereinafter the same applies in this paragraph and paragraph (11)) for which it has received entries or records under the book-entry transfer system prescribed in item (vi) of that paragraph in its account established with a specified book-entry transfer institution, etc. (meaning a specified book-entry transfer institution, etc. prescribed in paragraph (1) of that Article; hereinafter the same applies in this paragraph) or a qualified foreign intermediary (meaning a qualified foreign intermediary prescribed in paragraph (7), item (iv) of that Article; hereinafter the same applies in this paragraph), via a business office or any other office of the specified book-entry transfer institution, etc. located in Japan or a specified overseas business office, etc. prescribed in paragraph (7), item (v) of that Article of the qualified foreign intermediary, corporation tax is not imposed with respect to the income arising from the holding of those specified book-entry discount bonds that arises for a person that is not a specially-related person, prescribed in paragraph (4) of that Article, of the issuer of those specified book-entry discount bonds.
外国法人が特定振替機関等（第四十一条の十三の三第一項に規定する特定振替機関等をいう。以下この項において同じ。）又は適格外国仲介業者（同条第七項第四号に規定する適格外国仲介業者をいう。以下この項において同じ。）から開設を受けている口座において当該特定振替機関等の国内にある営業所若しくは事務所又は当該適格外国仲介業者の同条第七項第五号に規定する特定国外営業所等を通じて同項第六号に規定する振替記載等を受けている特定振替割引債（同項第七号に規定する特定振替割引債をいう。以下この項及び第十一項において同じ。）の保有により生ずる所得を有する場合の当該特定振替割引債の保有により生ずる所得で、当該特定振替割引債の発行者の同条第四項に規定する特殊関係者でないものにつき生ずる所得については、法人税を課さない。
No corporation tax is imposed on lending fees, etc. (meaning the margin specified by Cabinet Order as arising from a bond transaction with a repurchase/resale agreement prescribed in Article 42-2, paragraph (1) (referred to as a "bond transaction with a repurchase/resale agreement" in paragraph (9)), or the money paid as consideration for the lending of the securities listed in the items of paragraph (1) of that Article to a specified financial institution, etc. through a securities lending transaction prescribed in that paragraph; the same applies in the following paragraph) that a foreign financial institution, etc. prescribed in Article 42-2, paragraph (7), item (i) (referred to as a "foreign financial institution, etc." in the following paragraph) receives, with respect to a specified bond transaction with a repurchase/resale agreement, etc. involving book-entry bonds, etc. prescribed in paragraph (1) of that Article, from a specified financial institution, etc. prescribed in paragraph (7), item (ii) of that Article (referred to as a "specified financial institution, etc." in this paragraph and paragraph (9)).
The provisions of Article 42-2, paragraph (2) apply mutatis mutandis to a foreign financial institution, etc. that receives lending fees, etc. In this case, in that paragraph, the phrase "the provisions of the preceding paragraph" is deemed to be replaced with "the provisions of Article 67-17, paragraph (7)", the phrase "and the preceding paragraph" with "and paragraph (7) of that Article", the phrase "that preceding paragraph" with "that paragraph (7) of that Article", the phrase "pertaining to the interest received" with "pertaining to lending fees, etc. (referred to as 'lending fees, etc.' in this paragraph)", the phrase "received by the foreign financial institution, etc. referred to in that paragraph" with "received by the foreign financial institution, etc. referred to in paragraph (7) of that Article", and the phrase "the interest received prescribed in that paragraph" with "lending fees, etc.", and the term "interest" in items (i) and (iii) of that paragraph is deemed to be replaced with "lending fees, etc.".
No corporation tax is imposed on the margin specified by Cabinet Order as arising from a bond transaction with a repurchase/resale agreement that a specified foreign corporation prescribed in Article 42-2, paragraph (3) (referred to as a "specified foreign corporation" in the following paragraph) receives from a specified financial institution, etc. with respect to a specified bond transaction with a repurchase/resale agreement involving book-entry government bonds, etc. prescribed in paragraph (3) of that Article that commenced during the period from April 1, 2017 to March 31, 2029.
第四十二条の二第三項に規定する特定外国法人（次項において「特定外国法人」という。）が、平成二十九年四月一日から令和十一年三月三十一日までの間において開始した同条第三項に規定する振替国債等に係る特定債券現先取引につき、特定金融機関等から支払を受ける債券現先取引から生ずる差益として政令で定めるものについては、法人税を課さない。
The provisions of Article 42-2, paragraph (4) apply mutatis mutandis to a specified foreign corporation that receives the margin prescribed in the preceding paragraph. In this case, the phrase "the preceding paragraph" in paragraph (4) of that Article is deemed to be replaced with "Article 67-17, paragraph (9)", the phrase "the interest received" with "the margin", and the phrase "that interest" with "that margin".
第四十二条の二第四項の規定は、前項に規定する差益の支払を受ける特定外国法人について準用する。この場合において、同条第四項中「前項」とあるのは「第六十七条の十七第九項」と、「支払を受ける利子」とあるのは「差益」と、「当該利子」とあるのは「当該差益」と読み替えるものとする。
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 person issuing those specified book-entry corporate bonds, etc.), private foreign bonds (excluding those held by a specially-related person, prescribed in Article 6, paragraph (4), of the person issuing those private foreign bonds) or specified book-entry discount bonds (excluding those held by a specially-related person, prescribed in Article 41-13-3, paragraph (4), of the issuer of those specified book-entry discount bonds) held by a foreign corporation (or, for specified book-entry discount bonds, the amount of loss arising from the holding of those specified book-entry discount bonds and any other amount specified by Cabinet Order) is deemed not to exist for the purpose of applying the provisions of laws and regulations concerning corporation tax.
The provisions of paragraphs (1) through (3), paragraph (6), paragraph (7), paragraph (9) and the preceding paragraph do not apply to that which, out of the profit from redemption prescribed in paragraph (1), the profit from redemption prescribed in paragraph (2), the profit from redemption prescribed in paragraph (3), the income arising from holding prescribed in paragraph (6), the lending fees, etc. prescribed in paragraph (7), the margin prescribed in paragraph (9) or the amount of loss prescribed in the preceding paragraph, is received by a foreign corporation that has a permanent establishment, or arises for a foreign corporation that has a permanent establishment, and falls under the domestic source income listed in Article 141, item (i), (a) of the Corporation Tax Act.
The determination of whether a person receiving payment of 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.