# 法人税法 / Corporation Tax Act — 第百四十二条の三 (Article 142-3) - Law: 法人税法 (Corporation Tax Act), 昭和四十年法律第三十四号 - English title "Corporation Tax Act": Ministry of Justice translation - Kind: Act — the distinction between 法律 (Act), 政令 (Cabinet Order), 省令 (Ministerial Order) and 条例 (local ordinance) decides who may issue it and what it may say. - Provision: 第百四十二条の三 (Article 142-3)（保険会社の投資資産及び投資収益） — address `art-142-3` - Text in force since: 2026-10-01 - URL (the page that opens at this provision): https://japanlaw.org/en/corporation-tax-act/art-142-3 - Permanent URL (e-Gov law ID, never renamed): https://japanlaw.org/l/340AC0000000034/art-142-3 - Every provision below carries its address and both URLs on the line under it. - Japanese text: e-Gov 法令検索, Digital Agency (デジタル庁). English: as marked on each line below. Only the Japanese as published by the government has legal effect; the text below is a copy of it. Every English rendering below is a translation and says which kind: the Ministry of Justice's translation, or this site's machine translation, whose model and date the Sources list names. They are never merged and never substituted for one another. --- ### 第百四十二条の三（保険会社の投資資産及び投資収益） — Investment Assets and Investment Income of Insurance Companies caption: machine translation, not official art-142-3 · https://japanlaw.org/en/corporation-tax-act/art-142-3 · https://japanlaw.org/l/340AC0000000034/art-142-3 **第一項** 外国法人（保険業法第二条第七項（定義）に規定する外国保険会社等に限る。以下この項において同じ。）の各事業年度の恒久的施設に係る投資資産（保険料として収受した金銭その他の資産を保険契約に基づく将来の債務の履行に備えるために運用する場合のその運用資産として財務省令で定めるものをいう。以下この項及び第五項において同じ。）の額が、当該外国法人の投資資産の額のうち当該恒久的施設に帰せられるべき金額として政令で定めるところにより計算した金額に満たない場合には、その満たない部分に相当する金額に係る収益の額として政令で定めるところにより計算した金額は、当該外国法人の当該恒久的施設を通じて行う事業に係る収益の額として、当該外国法人の当該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、益金の額に算入する。 art-142-3/par-1 · https://japanlaw.org/en/corporation-tax-act/art-142-3/par-1 · https://japanlaw.org/l/340AC0000000034/art-142-3/par-1 In the case where the amount of investment assets (meaning those specified by Ministry of Finance Order as assets under management in the case where money or other assets received as insurance premiums are managed in preparation for the performance of future debts under insurance contracts; hereinafter the same applies in this paragraph and paragraph (5)) pertaining to the permanent establishment for each business year of a foreign corporation (limited to a foreign insurance company, etc. prescribed in Article 2, paragraph (7) (Definitions) of the Insurance Business Act; hereinafter the same applies in this paragraph) is less than the amount calculated, as specified by Cabinet Order, as the amount that should be attributed to the permanent establishment out of the amount of investment assets of the foreign corporation, the amount calculated, as specified by Cabinet Order, as the amount of proceeds pertaining to the amount equivalent to the shortfall is included in gross profit, as the amount of proceeds pertaining to the business carried on through the permanent establishment of the foreign corporation, when calculating the amount of income pertaining to income attributable to a permanent establishment of the foreign corporation for the business year. machine translation, not official **第二項** 前項の規定は、次のいずれかに該当する場合には、適用しない。 art-142-3/par-2 · https://japanlaw.org/en/corporation-tax-act/art-142-3/par-2 · https://japanlaw.org/l/340AC0000000034/art-142-3/par-2 The provisions of the preceding paragraph do not apply in the case falling under any of the following: machine translation, not official **一** 前項に規定する満たない部分に相当する金額が同項に規定する恒久的施設に帰せられるべき金額として政令で定めるところにより計算した金額の百分の十以下であるとき。 art-142-3/par-2/item-1 · https://japanlaw.org/en/corporation-tax-act/art-142-3/par-2/item-1 · https://japanlaw.org/l/340AC0000000034/art-142-3/par-2/item-1 the amount equivalent to the shortfall prescribed in the preceding paragraph is 10 percent or less of the amount calculated, as specified by Cabinet Order, as the amount that should be attributed to the permanent establishment prescribed in that paragraph; machine translation, not official **二** 前項に規定する満たない部分に相当する金額に係る収益の額として政令で定めるところにより計算した金額が千万円以下であるとき。 art-142-3/par-2/item-2 · https://japanlaw.org/en/corporation-tax-act/art-142-3/par-2/item-2 · https://japanlaw.org/l/340AC0000000034/art-142-3/par-2/item-2 the amount calculated, as specified by Cabinet Order, as the amount of proceeds pertaining to the amount equivalent to the shortfall prescribed in the preceding paragraph is 10,000,000 yen or less; or machine translation, not official **三** 当該事業年度の恒久的施設に係る総資産の額が当該事業年度の当該恒久的施設に係る負債の額及び純資産の額の合計額を上回る場合として政令で定める場合に該当するとき。 art-142-3/par-2/item-3 · https://japanlaw.org/en/corporation-tax-act/art-142-3/par-2/item-3 · https://japanlaw.org/l/340AC0000000034/art-142-3/par-2/item-3 the case falls under the case specified by Cabinet Order as a case where the amount of the total assets pertaining to the permanent establishment for the business year exceeds the sum of the amount of liabilities and the amount of net assets pertaining to the permanent establishment for the business year. machine translation, not official **第三項** 前項の規定は、同項各号に掲げる場合のいずれかに該当する旨を記載した書類及びその計算に関する書類を保存している場合に限り、適用する。 art-142-3/par-3 · https://japanlaw.org/en/corporation-tax-act/art-142-3/par-3 · https://japanlaw.org/l/340AC0000000034/art-142-3/par-3 The provisions of the preceding paragraph apply only in the case where documents stating that the case falls under any of the cases listed in the items of that paragraph and documents concerning the calculation thereof are retained. machine translation, not official **第四項** 税務署長は、前項の書類を保存していなかつた場合においても、その保存がなかつたことについてやむを得ない事情があると認めるときは、当該書類の提出があつた場合に限り、第二項の規定を適用することができる。 art-142-3/par-4 · https://japanlaw.org/en/corporation-tax-act/art-142-3/par-4 · https://japanlaw.org/l/340AC0000000034/art-142-3/par-4 Even in the case where the documents set forth in the preceding paragraph have not been retained, the district director may, when finding that there are unavoidable circumstances for the failure to retain them, apply the provisions of paragraph (2) only in the case where those documents are submitted. machine translation, not official **第五項** 投資資産の額の算定の時期その他第一項及び第二項の規定の適用に関し必要な事項は、政令で定める。 art-142-3/par-5 · https://japanlaw.org/en/corporation-tax-act/art-142-3/par-5 · https://japanlaw.org/l/340AC0000000034/art-142-3/par-5 The time of the calculation of the amount of investment assets and other necessary matters concerning the application of the provisions of paragraphs (1) and (2) are specified by Cabinet Order. machine translation, not official --- ## Cites - art-142-3/par-1: 第五項 → 法人税法 第百四十二条の三第五項 (Article 142-3, paragraph (5)), art-142-3/par-5 — https://japanlaw.org/en/corporation-tax-act/art-142-3/par-5 · https://japanlaw.org/l/340AC0000000034/art-142-3/par-5 - art-142-3/par-1: この項 → 法人税法 第百四十二条の三第一項 (Article 142-3, paragraph (1)), art-142-3/par-1 — https://japanlaw.org/en/corporation-tax-act/art-142-3/par-1 · https://japanlaw.org/l/340AC0000000034/art-142-3/par-1 - art-142-3/par-1: 保険業法第二条第七項 → e-Gov law 407AC0000000105, 第二条第七項 (Article 2, paragraph (7)), art-2/par-7 — not held in this collection - art-142-3/par-2: 前項 → 法人税法 第百四十二条の三第一項 (Article 142-3, paragraph (1)), art-142-3/par-1 — https://japanlaw.org/en/corporation-tax-act/art-142-3/par-1 · https://japanlaw.org/l/340AC0000000034/art-142-3/par-1 - art-142-3/par-2/item-1: 前項 → 法人税法 第百四十二条の三第一項 (Article 142-3, paragraph (1)), art-142-3/par-1 — https://japanlaw.org/en/corporation-tax-act/art-142-3/par-1 · https://japanlaw.org/l/340AC0000000034/art-142-3/par-1 - art-142-3/par-2/item-2: 前項 → 法人税法 第百四十二条の三第一項 (Article 142-3, paragraph (1)), art-142-3/par-1 — https://japanlaw.org/en/corporation-tax-act/art-142-3/par-1 · https://japanlaw.org/l/340AC0000000034/art-142-3/par-1 - art-142-3/par-3: 前項 → 法人税法 第百四十二条の三第二項 (Article 142-3, paragraph (2)), art-142-3/par-2 — https://japanlaw.org/en/corporation-tax-act/art-142-3/par-2 · https://japanlaw.org/l/340AC0000000034/art-142-3/par-2 - art-142-3/par-4: 第二項 → 法人税法 第百四十二条の三第二項 (Article 142-3, paragraph (2)), art-142-3/par-2 — https://japanlaw.org/en/corporation-tax-act/art-142-3/par-2 · https://japanlaw.org/l/340AC0000000034/art-142-3/par-2 - art-142-3/par-4: 前項 → 法人税法 第百四十二条の三第三項 (Article 142-3, paragraph (3)), art-142-3/par-3 — https://japanlaw.org/en/corporation-tax-act/art-142-3/par-3 · https://japanlaw.org/l/340AC0000000034/art-142-3/par-3 - art-142-3/par-5: 第一項 → 法人税法 第百四十二条の三第一項 (Article 142-3, paragraph (1)), art-142-3/par-1 — https://japanlaw.org/en/corporation-tax-act/art-142-3/par-1 · https://japanlaw.org/l/340AC0000000034/art-142-3/par-1 - art-142-3/par-5: 第二項 → 法人税法 第百四十二条の三第二項 (Article 142-3, paragraph (2)), art-142-3/par-2 — https://japanlaw.org/en/corporation-tax-act/art-142-3/par-2 · https://japanlaw.org/l/340AC0000000034/art-142-3/par-2 ## Cited by 7 provisions cite this one. No official source publishes this direction. - 法人税法 第百四十二条の三第一項（保険会社の投資資産及び投資収益） — https://japanlaw.org/en/corporation-tax-act/art-142-3/par-1 · https://japanlaw.org/l/340AC0000000034/art-142-3/par-1 - 法人税法 第百四十二条の三第二項（保険会社の投資資産及び投資収益） — https://japanlaw.org/en/corporation-tax-act/art-142-3/par-2 · https://japanlaw.org/l/340AC0000000034/art-142-3/par-2 - 法人税法 第百四十二条の三第二項第一号（保険会社の投資資産及び投資収益） — https://japanlaw.org/en/corporation-tax-act/art-142-3/par-2/item-1 · https://japanlaw.org/l/340AC0000000034/art-142-3/par-2/item-1 - 法人税法 第百四十二条の三第二項第二号（保険会社の投資資産及び投資収益） — https://japanlaw.org/en/corporation-tax-act/art-142-3/par-2/item-2 · https://japanlaw.org/l/340AC0000000034/art-142-3/par-2/item-2 - 法人税法 第百四十二条の三第三項（保険会社の投資資産及び投資収益） — https://japanlaw.org/en/corporation-tax-act/art-142-3/par-3 · https://japanlaw.org/l/340AC0000000034/art-142-3/par-3 - 法人税法 第百四十二条の三第四項（保険会社の投資資産及び投資収益） — https://japanlaw.org/en/corporation-tax-act/art-142-3/par-4 · https://japanlaw.org/l/340AC0000000034/art-142-3/par-4 - 法人税法 第百四十二条の三第五項（保険会社の投資資産及び投資収益） — https://japanlaw.org/en/corporation-tax-act/art-142-3/par-5 · https://japanlaw.org/l/340AC0000000034/art-142-3/par-5 --- ## Sources - e-Gov 法令検索, Digital Agency (デジタル庁) — 法人税法 — the text in force from 2026-10-01 (https://laws.e-gov.go.jp/law/340AC0000000034/20261001_508AC0000000012), retrieved 2026-10-08 - Japanese Law Translation Database System, Ministry of Justice (法務省) — Corporation Tax Act — Ministry of Justice translation (https://www.japaneselawtranslation.go.jp/en/laws/view/3115/tb), retrieved 2026-10-08 - claude-opus-5-5 — Machine translation, batch corporation-tax-act-20261008T111236-054, translated 2026-10-08 - This site's parser, version 165 — 法人税法 — structure, counts, cross-references and defined terms, computed 2026-10-08