# 租税特別措置法 / Act on Special Measures Concerning Taxation — 第七条 (Article 7) - Law: 租税特別措置法 (Act on Special Measures Concerning Taxation), 昭和三十二年法律第二十六号 - English title "Act on Special Measures Concerning Taxation": 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: 第七条 (Article 7)（特別国際金融取引勘定において経理された預金等の利子の非課税） — address `art-7` - Text in force since: 2026-10-01 - URL (the page that opens at this provision): https://japanlaw.org/ja/special-taxation-measures-act/art-7 - Permanent URL (e-Gov law ID, never renamed): https://japanlaw.org/l/332AC0000000026/art-7 - 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. --- ### 第七条（特別国際金融取引勘定において経理された預金等の利子の非課税） — (Tax Exemption on Interest on Deposits Managed in a Special International Financial Transactions Account) caption: Ministry of Justice translation with a slip corrected by this site — not the Ministry's text; the Ministry printed: "(Tax Exemption on Interest on Deposits. Managed in a Special International Financial Transactions Account)" — https://www.japaneselawtranslation.go.jp/en/laws/view/3132/tb art-7 · https://japanlaw.org/ja/special-taxation-measures-act/art-7 · https://japanlaw.org/l/332AC0000000026/art-7 **第一項** 外国為替及び外国貿易法（昭和二十四年法律第二百二十八号）第二十一条第三項に規定する金融機関が、平成十年四月一日以後に、外国法人で同項に規定する非居住者であることにつき財務省令で定めるところにより証明がされたものから預入を受け、又は借り入れる預金又は借入金で同項に規定する特別国際金融取引勘定（以下この条において「特別国際金融取引勘定」という。）において経理したものにつき、当該外国法人に対して支払う利子（債券の買戻又は売戻条件付売買取引として政令で定めるものから生ずる差益として政令で定めるものを含む。）については、所得税を課さない。ただし、同法第二十一条第四項の規定に基づき定められた政令の規定のうち特別国際金融取引勘定の経理に関する事項に係るものに違反する事実が生じた場合の当該利子で当該事実が生じた日の属する計算期間に係るものについては、この限りでない。 art-7/par-1 · https://japanlaw.org/ja/special-taxation-measures-act/art-7/par-1 · https://japanlaw.org/l/332AC0000000026/art-7/par-1 Where a financial institution prescribed in paragraph (3) of Article 21 of the Foreign Exchange and Foreign Trade Act (Act No. 228 of 1949) has received deposits or borrowings on or after April 1, 1998, from a foreign corporation that has been certified, pursuant to the provisions of Order of the Ministry of Finance, as falling under the category of nonresident prescribed in the paragraph, and has managed such deposits or borrowings in a Special International Financial Transactions Account prescribed in the paragraph (hereinafter referred to in this Article as a "Special International Financial Transactions Account"), income tax is not imposed with respect to any interest on the deposits or borrowings paid to the foreign corporation (including gains specified by Cabinet Order as arising from transactions specified by Cabinet Order as sales and purchases of bonds with repurchase or resale agreements); provided, however, that where any event has occurred that is in violation of the provisions of Cabinet Order established pursuant to the provisions of Article 21, paragraph (4) of the Act, which pertains to the matters concerning the settlement of a Special International Financial Transactions Account, the provisions of the main clause of this Article do not apply to such interest pertaining to the accounting period that includes the day on which such event has occurred. machine translation, not official --- ## Cites - art-7/par-1: 外国為替及び外国貿易法（昭和二十四年法律第二百二十八号）第二十一条第三項 → e-Gov law 324AC0000000228, 第二十一条第三項 (Article 21, paragraph (3)), art-21/par-3 — not held in this collection - art-7/par-1: 同法第二十一条第四項 → e-Gov law 324AC0000000228, 第二十一条第四項 (Article 21, paragraph (4)), art-21/par-4 — not held in this collection - art-7/par-1: この条 → 租税特別措置法 第七条 (Article 7), art-7 — https://japanlaw.org/ja/special-taxation-measures-act/art-7 · https://japanlaw.org/l/332AC0000000026/art-7 ## Cited by 2 provisions cite this one. No official source publishes this direction. - 租税特別措置法 第七条第一項（特別国際金融取引勘定において経理された預金等の利子の非課税） — https://japanlaw.org/ja/special-taxation-measures-act/art-7/par-1 · https://japanlaw.org/l/332AC0000000026/art-7/par-1 - 租税特別措置法 第四十二条第一項（外国金融機関等の店頭デリバティブ取引の証拠金に係る利子の課税の特例） — https://japanlaw.org/ja/special-taxation-measures-act/art-42/par-1 · https://japanlaw.org/l/332AC0000000026/art-42/par-1 --- ## Sources - claude-opus-5-5 — Corrections to the Ministry of Justice's English of paragraphs, written 2026-10-08 - e-Gov 法令検索, Digital Agency (デジタル庁) — 租税特別措置法 — the text in force from 2026-10-01 (https://laws.e-gov.go.jp/law/332AC0000000026/20261001_508AC0000000012), retrieved 2026-10-07 - Japanese Law Translation Database System, Ministry of Justice (法務省) — Act on Special Measures Concerning Taxation — Ministry of Justice translation (https://www.japaneselawtranslation.go.jp/en/laws/view/3132/tb), retrieved 2026-10-07 - Japanese Law Translation Database System, Ministry of Justice (法務省) — Act on Special Measures Concerning Taxation (租税特別措置法), Article 7 — the Ministry of Justice's English as printed (https://www.japaneselawtranslation.go.jp/en/laws/view/3132/tb), retrieved 2026-10-07 - claude-opus-5-5 — Machine translation, batch special-taxation-measures-act-20261007T211206-008, translated 2026-10-08 - This site's parser, version 165 — 租税特別措置法 — structure, counts, cross-references and defined terms, computed 2026-10-07