①If a public interest corporation, etc. or an association or foundation without juridical personality that is a domestic corporation has newly commenced a profit-making business, it must, within two months on or after the day on which it commenced the business, submit a report stating the following matters, with a balance sheet pertaining to the profit-making business as of the time of the commencement and other documents specified by Ministry of Finance Order attached, to the competent district director with jurisdiction over the place for tax payment.

②If a public service corporation has come to fall under the category of a public interest corporation, etc. conducting a profit-making business, it must, within two months on or after the day on which it came to fall under that category, submit a report stating the following matters, with a balance sheet pertaining to the profit-making business as of the time it came to fall under that category and other documents specified by Ministry of Finance Order attached, to the competent district director with jurisdiction over the place for tax payment.

③If a public service corporation, or a public interest corporation, etc. not conducting a profit-making business, has come to fall under the category of an ordinary corporation or a cooperative, etc., it must, within two months on or after the day on which it came to fall under that category, submit a report stating the following matters, with a balance sheet as of the time it came to fall under that category and other documents specified by Ministry of Finance Order attached, to the competent district director with jurisdiction over the place for tax payment.

④If a foreign corporation (limited to an association or foundation without juridical personality; hereinafter the same applies in this paragraph and the following paragraph) has come to have, out of the domestic source income specified in the items of Article 141 (Tax Base) according to the category of foreign corporation listed in those items, income arising from a profit-making business (hereinafter referred to as "specified domestic source income" in this paragraph and the following paragraph), it must, within two months on or after the day on which it came to have that income, submit a report stating matters equivalent to the matters listed in the items of paragraph (1), with a balance sheet pertaining to the profit-making business as of the time it came to have that income and other documents specified by Ministry of Finance Order attached, to the competent district director with jurisdiction over the place for tax payment; provided, however, that it is not required to submit the report if, pursuant to the provisions of a tax treaty, etc. (meaning the provisions of a tax treaty, etc. prescribed in the proviso to Article 149, paragraph (1) (Notification of Becoming a Foreign Ordinary Corporation); the same applies in the following paragraph), corporation tax is not to be imposed on the whole of the amount of income pertaining to the specified domestic source income of the foreign corporation.

⑤If a foreign corporation that has been relieved of the requirement to submit the report prescribed in the preceding paragraph pursuant to the proviso to that paragraph has come to have specified domestic source income other than the specified domestic source income on which corporation tax is not to be imposed pursuant to the provisions of a tax treaty, etc., it must, within two months on or after the day on which it came to have that income, submit a report stating matters equivalent to the matters listed in the items of paragraph (1), with a balance sheet pertaining to the profit-making business as of the time it came to have that income and other documents specified by Ministry of Finance Order attached, to the competent district director with jurisdiction over the place for tax payment.

①Ordinary corporations, cooperatives, etc., and public interest corporations, etc. and associations or foundations without juridical personality that conduct a profit-making business (excluding those that have obtained the approval of the district director for filing a Blue Return; referred to as "ordinary corporations, etc." in the following paragraph) must, as specified by Ministry of Finance Order, keep books, record their transactions (for a foreign corporation having a permanent establishment, including those that fall under internal transactions prescribed in Article 138, paragraph (1), item (i) (Domestic Source Income); hereinafter the same applies in this paragraph) in those books by a simplified method specified by Ministry of Finance Order, and preserve those books (including documents prepared or received with regard to those transactions and documents prepared with regard to the closing of accounts which are specified by Ministry of Finance Order; the same applies in the following paragraph).

②When conducting an examination with regard to the corporation tax of an ordinary corporation, etc. (excluding corporation tax on the international minimum tax amount for each covered fiscal year and corporation tax on the international minimum tax residual amount for each covered fiscal year), the relevant official of the National Tax Agency, a Regional Taxation Bureau or a tax office is to inspect the books referred to in the preceding paragraph; provided, however, that this does not apply if there are circumstances that make it difficult to inspect those books.