Supplementary Provisions, Article 22Transitional Measures Concerning Special Provisions on Taxation on Interest on Loans Received by Foreign Banks, etc.
第二十二条（外国銀行等の受ける貸付金の利子に係る課税の特例に関する経過措置）
The provisions of Article 42-2 of the New Act (limited to the part relating to Article 180, paragraph (1) of the Income Tax Act) apply to domestic source income listed in Article 161, item (vi) of the Income Tax Act (referred to as "interest on loans" in the following paragraph) that a foreign corporation prescribed in Article 42-2 of the New Act (referred to as a "foreign bank, etc." in the following paragraph and paragraph (3)) is to receive on or after the Effective Date.
新法第四十二条の二（所得税法第百八十条第一項に係る部分に限る。）の規定は、新法第四十二条の二に規定する外国法人（次項及び第三項において「外国銀行等」という。）が施行日以後に支払を受けるべき所得税法第百六十一条第六号に掲げる国内源泉所得（次項において「貸付金利子」という。）について適用する。
If a foreign bank, etc. has, before the Effective Date, submitted a certificate prescribed in Article 180, paragraph (1) of the Income Tax Act to the person paying interest on loans as provided in that paragraph, the provisions of that paragraph apply to the interest on loans that the foreign bank, etc. is to receive on or after the Effective Date while that certificate is in effect, by deeming the foreign bank, etc. to have presented that certificate to the person making that payment as provided in Article 180, paragraph (1) of the Income Tax Act as read with the replacement of terms under the provisions of Article 42-2 of the New Act.
外国銀行等が施行日前に所得税法第百八十条第一項に規定する証明書を同項の定めるところにより貸付金利子の支払をする者に提出した場合には、当該外国銀行等が施行日以後その証明書が効力を有している間に支払を受けるべき当該貸付金利子については、当該外国銀行等が当該証明書を新法第四十二条の二の規定により読み替えられた所得税法第百八十条第一項の定めるところにより当該支払をする者に提示したものとみなして、同項の規定を適用する。
The provisions of Article 42-2 of the New Act (excluding the part relating to Article 180, paragraph (1) of the Income Tax Act) apply to certificates prescribed in that paragraph that are issued to a foreign bank, etc. on or after the Effective Date.
新法第四十二条の二（所得税法第百八十条第一項に係る部分を除く。）の規定は、外国銀行等が施行日以後に交付を受ける同項に規定する証明書について適用する。