# 租税特別措置法 / Act on Special Measures Concerning Taxation — 第四十八条 (Supplementary Provisions, Article 48) - 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: 第四十八条 (Supplementary Provisions, Article 48)（民間国外債等の利子の課税の特例に関する経過措置） — address `suppl-4221-6/art-48` - Text in force since: 2026-10-01 - URL (the page that opens at this provision): https://japanlaw.org/ja/special-taxation-measures-act/suppl-4221-6/art-48 - Permanent URL (e-Gov law ID, never renamed): https://japanlaw.org/l/332AC0000000026/suppl-4221-6/art-48 - 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. --- ### 第四十八条（民間国外債等の利子の課税の特例に関する経過措置） — Transitional Measures Concerning Special Provisions on Taxation on Interest from Foreign Private Bonds, etc. caption: machine translation, not official suppl-4221-6/art-48 · https://japanlaw.org/ja/special-taxation-measures-act/suppl-4221-6/art-48 · https://japanlaw.org/l/332AC0000000026/suppl-4221-6/art-48 **第一項** 新租税特別措置法第六条第一項から第三項までの規定は、施行日以後に発行される同条第一項に規定する民間国外債につき支払を受ける利子について適用し、施行日前に発行された旧租税特別措置法第六条第一項に規定する一般民間国外債につき支払を受ける利子については、なお従前の例による。 suppl-4221-6/art-48/par-1 · https://japanlaw.org/ja/special-taxation-measures-act/suppl-4221-6/art-48/par-1 · https://japanlaw.org/l/332AC0000000026/suppl-4221-6/art-48/par-1 The provisions of Article 6, paragraphs (1) through (3) of the New Act on Special Measures Concerning Taxation apply to interest received on foreign private bonds prescribed in paragraph (1) of that Article that are issued on or after the Effective Date, and the provisions then in force continue to govern interest received on general foreign private bonds prescribed in Article 6, paragraph (1) of the Former Act on Special Measures Concerning Taxation that were issued before the Effective Date. machine translation, not official **第二項** 新租税特別措置法第六条第四項から第十項までの規定は、施行日以後に発行される同条第四項に規定する民間国外債につき支払を受ける利子について適用し、施行日前に発行された旧租税特別措置法第六条第四項に規定する一般民間国外債につき支払を受ける利子については、なお従前の例による。 suppl-4221-6/art-48/par-2 · https://japanlaw.org/ja/special-taxation-measures-act/suppl-4221-6/art-48/par-2 · https://japanlaw.org/l/332AC0000000026/suppl-4221-6/art-48/par-2 The provisions of Article 6, paragraphs (4) through (10) of the New Act on Special Measures Concerning Taxation apply to interest received on foreign private bonds prescribed in paragraph (4) of that Article that are issued on or after the Effective Date, and the provisions then in force continue to govern interest received on general foreign private bonds prescribed in Article 6, paragraph (4) of the Former Act on Special Measures Concerning Taxation that were issued before the Effective Date. machine translation, not official **第三項** 施行日前に発行された旧租税特別措置法第六条第十項に規定する指定民間国外債（次項において「指定民間国外債」という。）につき支払を受ける利子については、なお従前の例による。 suppl-4221-6/art-48/par-3 · https://japanlaw.org/ja/special-taxation-measures-act/suppl-4221-6/art-48/par-3 · https://japanlaw.org/l/332AC0000000026/suppl-4221-6/art-48/par-3 With regard to interest received on designated private foreign bonds prescribed in Article 6, paragraph (10) of the Former Act on Special Measures Concerning Taxation (referred to as "designated private foreign bonds" in the following paragraph) that were issued before the Effective Date, the provisions then in force continue to govern. machine translation, not official **第四項** 施行日から平成二十四年三月三十一日までの間に発行される指定民間国外債につき支払を受ける利子については、旧租税特別措置法第六条（第十項から第十二項までに係る部分に限る。）の規定は、なおその効力を有する。この場合において、同条第十項中「第四項に規定する政令で定める外国法人により発行された」とあるのは「その利子の額が当該指定民間国外債の発行をする者又は当該発行をする者の特殊関係者（所得税法等の一部を改正する法律（平成二十二年法律第六号）第十八条の規定による改正後の租税特別措置法第六条第四項に規定する特殊関係者をいう。以下この項において同じ。）に関する同条第四項に規定する政令で定める指標を基礎として算出される」と、「利子に」とあるのは「利子で当該発行をする者の特殊関係者でないものが受けるものに」とする。 suppl-4221-6/art-48/par-4 · https://japanlaw.org/ja/special-taxation-measures-act/suppl-4221-6/art-48/par-4 · https://japanlaw.org/l/332AC0000000026/suppl-4221-6/art-48/par-4 With regard to interest received on designated private foreign bonds issued during the period from the Effective Date to March 31, 2012, the provisions of Article 6 of the Former Act on Special Measures Concerning Taxation (limited to the part concerning paragraphs (10) through (12)) remain in force. In this case, the phrase "issued by a foreign corporation specified by Cabinet Order as prescribed in paragraph (4)" in paragraph (10) of that Article is deemed to be replaced with "the amount of interest on which is calculated on the basis of an indicator specified by Cabinet Order as prescribed in paragraph (4) of that Article concerning the person issuing those designated private foreign bonds or that issuing person's specially related person (meaning a specially related person prescribed in Article 6, paragraph (4) of the Act on Special Measures Concerning Taxation as amended by Article 18 of the Act Partially Amending the Income Tax Act, etc. (Act No. 6 of 2010); the same applies hereinafter in this paragraph)", and the phrase "to interest" is deemed to be replaced with "to interest received by a person other than the issuing person's specially related person". machine translation, not official --- ## Cites - suppl-4221-6/art-48/par-3: 次項 → 租税特別措置法 附則第四十八条第四項 (Supplementary Provisions, Article 48, paragraph (4)), suppl-4221-6/art-48/par-4 — https://japanlaw.org/ja/special-taxation-measures-act/suppl-4221-6/art-48/par-4 · https://japanlaw.org/l/332AC0000000026/suppl-4221-6/art-48/par-4 ## Cited by 1 provision cites this one. No official source publishes this direction. - 租税特別措置法 附則第四十八条第三項（民間国外債等の利子の課税の特例に関する経過措置） — https://japanlaw.org/ja/special-taxation-measures-act/suppl-4221-6/art-48/par-3 · https://japanlaw.org/l/332AC0000000026/suppl-4221-6/art-48/par-3 --- ## Sources - 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 - claude-opus-5-5 — Machine translation, batch special-taxation-measures-act-20261007T211206-502, translated 2026-10-08 - claude-opus-5-5 — Machine translation, batch special-taxation-measures-act-20261007T211206-503, 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