# Article 48, paragraph (5), its wordings — Order for Enforcement of the Consumption Tax Act

This is the Markdown twin of https://japanlaw.org/en/consumption-tax-act-enforcement-order/history/art-48/par-5. Every law, and how to address a provision: https://japanlaw.org/llms.txt. The same laws as MCP tools (no sign-in): https://japanlaw.org/mcp.

How the wording of Article 48, paragraph (5) (第四十八条第五項) changed with each amendment, and how it will change.

- Law: Order for Enforcement of the Consumption Tax Act (消費税法施行令) — https://japanlaw.org/en/consumption-tax-act-enforcement-order
- Provision: Article 48, paragraph (5) (第四十八条第五項) — https://japanlaw.org/en/consumption-tax-act-enforcement-order/art-48/par-5 (as Markdown: https://japanlaw.org/md/en/consumption-tax-act-enforcement-order/art-48/par-5)
- The law's amendments: https://japanlaw.org/en/consumption-tax-act-enforcement-order/amendments
- 2 wordings, oldest first.

## 1. Before Cabinet Order No. 96 of 2026

- State: In force

Japanese:

> 事業者が法別表第二第二号に規定する有価証券（第九条第二項に規定するゴルフ場利用株式等を除く。）並びに同条第一項第一号及び第三号に掲げる権利（以下この項において「有価証券等」という。）の譲渡をした場合（当該譲渡が第二項第三号に掲げる現先取引債券等の譲渡又は第三項に規定する現先取引債券等の売戻しに該当する場合を除く。）又は同条第一項第四号に掲げる金銭債権（資産の譲渡等を行つた者が当該資産の譲渡等の対価として取得したものを除く。以下この項において同じ。）の譲渡をした場合には、当該譲渡に係る第一項第一号に規定する資産の譲渡等の対価の額は、当該有価証券等又は金銭債権の譲渡の対価の額の百分の五に相当する金額とする。

English (Machine translation, not official):

> Where a business operator has transferred securities prescribed in Appended Table 2, item (ii) of the Act (excluding golf course membership shares, etc. prescribed in Article 9, paragraph (2)) and the rights listed in paragraph (1), items (i) and (iii) of that Article (hereinafter in this paragraph referred to as "securities and similar interests") (excluding where that transfer falls under a transfer of bonds, etc. for repurchase transactions listed in paragraph (2), item (iii) or a resale of bonds, etc. for repurchase transactions prescribed in paragraph (3)), or has transferred a monetary claim listed in Article 9, paragraph (1), item (iv) (excluding one acquired by a person who made a transfer, etc. of assets as consideration for that transfer, etc. of assets; the same applies hereinafter in this paragraph), the amount of consideration for the transfer, etc. of assets prescribed in paragraph (1), item (i) of this Article pertaining to that transfer is the amount equivalent to 5/100 of the amount of consideration for the transfer of those securities and similar interests or that monetary claim.

## 2. Date not yet set — Cabinet Order No. 96 of 2026

- State: Not yet in force
- Takes effect: Date not yet set
- The amendment: Reworded (Cabinet Order No. 96 of 2026) — https://japanlaw.org/en/consumption-tax-act-enforcement-order/amendments/20280101_508CO0000000096

Japanese:

> 事業者が法別表第二第二号に規定する有価証券（第九条第二項に規定するゴルフ場利用株式等を除く。）並びに同条第一項第一号及び第三号に掲げる権利の譲渡をした場合（当該譲渡が第二項第三号に掲げる現先取引債券等の譲渡又は第三項に規定する現先取引債券等の売戻しに該当する場合を除く。）、同条第一項第一号に掲げる暗号資産の譲渡をした場合又は同項第四号に掲げる金銭債権（資産の譲渡等を行つた者が当該資産の譲渡等の対価として取得したものを除く。）の譲渡をした場合には、これらの譲渡に係る第一項第一号に規定する資産の譲渡等の対価の額は、これらの譲渡の対価の額の百分の五に相当する金額とする。

English (Machine translation, not official):

> Where a business operator has transferred securities prescribed in Appended Table 2, item (ii) of the Act (excluding golf course membership shares, etc. prescribed in Article 9, paragraph (2)) and the rights listed in paragraph (1), items (i) and (iii) of that Article (excluding where that transfer falls under a transfer of bonds, etc. for repurchase transactions listed in paragraph (2), item (iii) or a resale of bonds, etc. for repurchase transactions prescribed in paragraph (3)), has transferred cryptoassets listed in Article 9, paragraph (1), item (i), or has transferred a monetary claim listed in Article 9, paragraph (1), item (iv) (excluding one acquired by a person who made a transfer, etc. of assets as consideration for that transfer, etc. of assets), the amount of consideration for the transfer, etc. of assets prescribed in paragraph (1), item (i) of this Article pertaining to those transfers is the amount equivalent to 5/100 of the amount of consideration for those transfers.

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## Sources

- The dates and the amending laws: e-Gov (Digital Agency) (https://laws.e-gov.go.jp/law/363CO0000000360)
- English name of the law: Written for this site with AI
- English titles of the amending laws: Written for this site with AI
- The Japanese text before: e-Gov (Digital Agency) (https://laws.e-gov.go.jp/law/363CO0000000360/20270722_508CO0000000096)
- The Japanese text after: e-Gov (Digital Agency) (https://laws.e-gov.go.jp/law/363CO0000000360/20280101_508CO0000000096)