# 所得税法施行令 / Order for Enforcement of the Income Tax Act — 第二条の三 (Article 2-3)

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- Law: 所得税法施行令 (Order for Enforcement of the Income Tax Act), 昭和四十年政令第九十六号
- English title "Order for Enforcement of the Income Tax Act": Ministry of Justice translation
- Kind: CabinetOrder — 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: 第二条の三 (Article 2-3)（公社債等運用投資信託の範囲等） — address `art-2-3`
- Text in force since: 2026-05-22
- URL (the page that opens at this provision): https://japanlaw.org/ja/income-tax-act-enforcement-order/art-2-3
- e-Gov law ID: 340CO0000000096 — never renamed. A permanent link, `/l/{lawId}/{address}` on this site, redirects to the page.
- Every provision below carries its address and its URL 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.

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### 第二条の三（公社債等運用投資信託の範囲等） — Scope, etc. of Bond-Based Investment Trusts
<sup>caption: machine translation, not official</sup>
<sup>art-2-3 · https://japanlaw.org/ja/income-tax-act-enforcement-order/art-2-3</sup>

  **第一項**  法第二条第一項第十五号の二（公社債等運用投資信託の意義）に規定する政令で定める資産は、次に掲げる資産とする。
  <sup>art-2-3/par-1 · https://japanlaw.org/ja/income-tax-act-enforcement-order/art-2-3/par-1</sup>
  Assets specified by Cabinet Order as prescribed in Article 2, paragraph (1), item (xv)-2 (Meaning of Bond-Based Investment Trust) of the Act are the following assets:
  <sup>machine translation, not official</sup>

    **一**  公社債
    <sup>art-2-3/par-1/item-1 · https://japanlaw.org/ja/income-tax-act-enforcement-order/art-2-3/par-1/item-1</sup>
    Public and corporate bonds;
    <sup>machine translation, not official</sup>

    **二**  手形
    <sup>art-2-3/par-1/item-2 · https://japanlaw.org/ja/income-tax-act-enforcement-order/art-2-3/par-1/item-2</sup>
    Bills;
    <sup>machine translation, not official</sup>

    **三**  金銭債権（民法（明治二十九年法律第八十九号）第三編第一章第七節第一款（指図証券）に規定する指図証券、同節第二款（記名式所持人払証券）に規定する記名式所持人払証券、同節第三款（その他の記名証券）に規定するその他の記名証券及び同節第四款（無記名証券）に規定する無記名証券に係る債権並びに電子記録債権法（平成十九年法律第百二号）第二条第一項（定義）に規定する電子記録債権を除く。）
    <sup>art-2-3/par-1/item-3 · https://japanlaw.org/ja/income-tax-act-enforcement-order/art-2-3/par-1/item-3</sup>
    Monetary claims (excluding claims relating to order securities prescribed in Part III, Chapter I, Section 7, Subsection 1 (Order Securities) of the Civil Code (Act No. 89 of 1896), registered securities payable to holder prescribed in Subsection 2 (Registered Securities Payable to Holder) of that Section, other registered securities prescribed in Subsection 3 (Other Registered Securities) of that Section, and bearer securities prescribed in Subsection 4 (Bearer Securities) of that Section, and excluding electronically recorded monetary claims prescribed in Article 2, paragraph (1) (Definitions) of the Electronically Recorded Monetary Claims Act (Act No. 102 of 2007));
    <sup>machine translation, not official</sup>

    **四**  合同運用信託
    <sup>art-2-3/par-1/item-4 · https://japanlaw.org/ja/income-tax-act-enforcement-order/art-2-3/par-1/item-4</sup>
    Jointly Managed Trusts.
    <sup>machine translation, not official</sup>

  **第二項**  法第二条第一項第十五号の二に規定する政令で定めるものは、証券投資信託以外の投資信託のうち次に掲げる要件を満たすものとする。
  <sup>art-2-3/par-2 · https://japanlaw.org/ja/income-tax-act-enforcement-order/art-2-3/par-2</sup>
  Those specified by Cabinet Order as prescribed in Article 2, paragraph (1), item (xv)-2 of the Act are, among Investment Trusts other than Securities Investment Trusts, those that satisfy the following requirements:
  <sup>machine translation, not official</sup>

    **一**  その信託財産を前項第一号から第三号までに掲げる資産に対する投資として運用することを目的とする投資信託で、その信託財産を同項各号に掲げる資産にのみ運用するものであること。
    <sup>art-2-3/par-2/item-1 · https://japanlaw.org/ja/income-tax-act-enforcement-order/art-2-3/par-2/item-1</sup>
    That the Investment Trust is one the purpose of which is to manage its trust property as investment in the assets listed in items (i) through (iii) of the preceding paragraph, and that manages its trust property only in the assets listed in the items of that paragraph;
    <sup>machine translation, not official</sup>

    **二**  当該投資信託の投資信託約款（投資信託及び投資法人に関する法律第四条第一項（投資信託契約の締結）に規定する委託者指図型投資信託約款又は同法第四十九条第一項（投資信託契約の締結）に規定する委託者非指図型投資信託約款をいう。次条において同じ。）その他これに類する書類に当該投資信託が前号に規定する投資信託である旨の定めがあること。
    <sup>art-2-3/par-2/item-2 · https://japanlaw.org/ja/income-tax-act-enforcement-order/art-2-3/par-2/item-2</sup>
    That the Investment Trust deed of the Investment Trust (meaning a trust deed for an Investment Trust under instructions from the settlor prescribed in Article 4, paragraph (1) (Conclusion of Investment Trust Contracts) of the Act on Investment Trusts and Investment Corporations or a trust deed for an Investment Trust not under instructions from the settlor prescribed in Article 49, paragraph (1) (Conclusion of Investment Trust Contracts) of that Act; the same applies in the following Article) or another similar document contains a provision to the effect that the Investment Trust is an Investment Trust prescribed in the preceding item.
    <sup>machine translation, not official</sup>

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## Cites
- art-2-3/par-1: 法第二条第一項第十五号の二 → 所得税法 第二条第一項第十五号の二 (Article 2, paragraph (1), item (xv-2)), art-2/par-1/item-15-2 — https://japanlaw.org/ja/income-tax-act/art-2/par-1/item-15-2 (e-Gov law ID 340AC0000000033)
- art-2-3/par-1/item-3: 電子記録債権法（平成十九年法律第百二号）第二条第一項 → e-Gov law 419AC0000000102, 第二条第一項 (Article 2, paragraph (1)), art-2/par-1 — not held in this collection
- art-2-3/par-2: 法第二条第一項第十五号の二 → 所得税法 第二条第一項第十五号の二 (Article 2, paragraph (1), item (xv-2)), art-2/par-1/item-15-2 — https://japanlaw.org/ja/income-tax-act/art-2/par-1/item-15-2 (e-Gov law ID 340AC0000000033)
- art-2-3/par-2/item-1: 前項第一号から第三号まで → 所得税法施行令 第二条の三第一項第一号 (Article 2-3, paragraph (1), item (i)), art-2-3/par-1/item-1 — https://japanlaw.org/ja/income-tax-act-enforcement-order/art-2-3/par-1/item-1
- art-2-3/par-2/item-1: 前項第一号から第三号まで → 所得税法施行令 第二条の三第一項第二号 (Article 2-3, paragraph (1), item (ii)), art-2-3/par-1/item-2 — https://japanlaw.org/ja/income-tax-act-enforcement-order/art-2-3/par-1/item-2
- art-2-3/par-2/item-1: 前項第一号から第三号まで → 所得税法施行令 第二条の三第一項第三号 (Article 2-3, paragraph (1), item (iii)), art-2-3/par-1/item-3 — https://japanlaw.org/ja/income-tax-act-enforcement-order/art-2-3/par-1/item-3
- art-2-3/par-2/item-1: 同項 → 所得税法施行令 第二条の三第一項 (Article 2-3, paragraph (1)), art-2-3/par-1 — https://japanlaw.org/ja/income-tax-act-enforcement-order/art-2-3/par-1
- art-2-3/par-2/item-2: 投資信託及び投資法人に関する法律第四条第一項 → e-Gov law 326AC0100000198, 第四条第一項 (Article 4, paragraph (1)), art-4/par-1 — not held in this collection
- art-2-3/par-2/item-2: 同法第四十九条第一項 → e-Gov law 326AC0100000198, 第四十九条第一項 (Article 49, paragraph (1)), art-49/par-1 — not held in this collection
- art-2-3/par-2/item-2: 次条 → 所得税法施行令 第二条の四 (Article 2-4), art-2-4 — https://japanlaw.org/ja/income-tax-act-enforcement-order/art-2-4
- art-2-3/par-2/item-2: 前号 → 所得税法施行令 第二条の三第二項第一号 (Article 2-3, paragraph (2), item (i)), art-2-3/par-2/item-1 — https://japanlaw.org/ja/income-tax-act-enforcement-order/art-2-3/par-2/item-1

## Cited by

2 provisions cite this one. No official source publishes this direction.

- 所得税法施行令 第二条の三第二項第一号（公社債等運用投資信託の範囲等） — https://japanlaw.org/ja/income-tax-act-enforcement-order/art-2-3/par-2/item-1
- 所得税法施行令 第二条の三第二項第二号（公社債等運用投資信託の範囲等） — https://japanlaw.org/ja/income-tax-act-enforcement-order/art-2-3/par-2/item-2

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## Sources

- e-Gov 法令検索, Digital Agency (デジタル庁) — 所得税法施行令 — the text in force from 2026-05-22 (https://laws.e-gov.go.jp/law/340CO0000000096/20260522_508CO0000000093), retrieved 2026-11-06
- Japanese Law Translation Database System, Ministry of Justice (法務省) — Order for Enforcement of the Income Tax Act — Ministry of Justice translation (https://www.japaneselawtranslation.go.jp/en/laws/view/3121/tb), retrieved 2026-11-06
- claude-sonnet-5-5 — Machine translation, batch income-tax-act-enforcement-order-20261106T173921-002, translated 2026-11-07
- This site's parser, version 229 — 所得税法施行令 — structure, counts, cross-references and defined terms, computed 2026-11-06