Article 142-8Gains or Losses on the Fair Valuation of Assets upon Closure of a Permanent Establishment
第百四十二条の八（恒久的施設の閉鎖に伴う資産の時価評価損益）
In the case where a foreign corporation having a permanent establishment has ceased to have a permanent establishment (excluding the case where it has ceased to have a permanent establishment due to the transfer of the permanent establishment to another person or any other grounds specified by Cabinet Order), with regard to assets attributed to the permanent establishment as of the end of the business year in which a permanent establishment is closed (meaning the business year containing the day on which it became a foreign corporation not having a permanent establishment; hereinafter the same applies in this paragraph) (excluding securities for buying and selling prescribed in Article 61-3, paragraph (1), item (i) (Inclusion of Valuation Gains or Losses on Securities for Buying and Selling in Gross Profits or Deductible Expenses) and other assets specified by Cabinet Order), their valuation gain (meaning, in the case where their value as of that end exceeds their book value as of that time, the amount of the excess) or valuation loss (meaning, in the case where their book value as of that end exceeds their value as of that time, the amount of the excess) is included in the amount of gross profit or the amount of deductible expenses, when calculating the amount of income pertaining to income attributable to a permanent establishment of the foreign corporation for the business year in which a permanent establishment is closed.
恒久的施設を有する外国法人が恒久的施設を有しないこととなつた場合（恒久的施設の他の者への譲渡その他の政令で定める事由により恒久的施設を有しないこととなつた場合を除く。）には、恒久的施設閉鎖事業年度（恒久的施設を有しない外国法人になつた日の属する事業年度をいう。以下この項において同じ。）終了の時に恒久的施設に帰せられる資産（第六十一条の三第一項第一号（売買目的有価証券の評価益又は評価損の益金又は損金算入等）に規定する売買目的有価証券その他の政令で定める資産を除く。）の評価益（当該終了の時の価額がその時の帳簿価額を超える場合のその超える部分の金額をいう。）又は評価損（当該終了の時の帳簿価額がその時の価額を超える場合のその超える部分の金額をいう。）は、当該外国法人の当該恒久的施設閉鎖事業年度の恒久的施設帰属所得に係る所得の金額の計算上、益金の額又は損金の額に算入する。
The book value of assets whose valuation gain or valuation loss prescribed in the preceding paragraph has been included in the amount of gross profit or the amount of deductible expenses pursuant to the provisions of that paragraph, and other necessary matters concerning the application of the provisions of that paragraph, are specified by Cabinet Order.