Article 1.　Corporations which come under either of the following numbers shall be liable to pay corporation tax pursuant to the present Law:

Article 2.　A corporation having its head office or principal place of business within the enforcement area of the present Law shall be liable to pay corporation tax with respect to all of its income and capital, and a corporation not having its head office or principal place of business within the enforcement area of the present Law but having its asset or business within the enforcement area of the present Law shall be liable to pay corporation tax with respect to the asset or the income from business and the capital concerned therewith which is located within the enforcement area of the present Law.

Article 3.　In case of the amalgamation of corporations, the corporation which continues to exist after the amalgamation, or has been newly created by the amalgamation, shall be liable to pay corporation tax in respect to the income and capital of a corporation which ceased to exist due to the amalgamation.

Article 4.　No corporation tax will be imposed on prefectures, cities, towns, villages, and other public bodies as may be prescribed by Ordinance and juridical persons established by virtue of Art.34 of the Civil Code.

Article 5.　No corporation tax shall be imposed on the amount of capital of a corporation in an accounting period, when the computation made pursuant to Article 9 proves that there is no. taxable normal income (including the amount of income as accrued from the business in case the corporation tax is to be exempted by virtue of Art.6;the same goes in this Article), accrued to the corporation during said period;(excluding the period in liquidation;the same goes hereinafter);the same shall hold good in respect of such amount in corporation tax imposed upon the capital employed during an accounting period, as is equalto the excess of the amount of corporation tax, imposed, in accordance with the provision of Arts.17 and 41, upon the capital employed during the period, over the amount of normal income accrued during the period less the amount of corporation tax imposed upon the normal and excess incomes during the same period.

Article 6.　Such corporations which are engaged in the manufacturing, mining or picking of staple products as may be designated by Ordinance may be, as prescribed by Ordinance, exempt from corporation tax in respect of the amount of normal income accrued from said businesses during the accounting period in which the corporations have begun said businesses and accounting periods ending within three years from the first day of the following accounting period.

Article 7.　An accounting period within the meaning of the present Law shall be the accounting period as designated by statutes or by charaters of corporations.

Article 8.　Corporation tax shall be imposed in respect of such income and capital as are enumerated hereunder:

Article 9.　The amount of normal income, during every accounting period, of a corporation having its head office or principal place of business within the enforcement area of the present Law shall be the amount of its gross amount of profits minus its gross amount of losses.

Article 10.　The amount of income tax paid by a corporation in every accounting period in accordance with Art.18 of the Income Tax Law, shall be credited against the amount of the corporation tax imposable upon the normal and excess incomes accrued during the period, as prescribed by Ordinance.

Article 11.　The normal income in every accounting period of a corporation not having its head office or principal place of business within the enforcement area of the present Law shall be computed by applying the provisions of Art.9 to the asset or business of the corporation located within the enforcement area of the present Law.

Article 12.　The provisions of Arts.4 and 7 of the Income Tax Law shall apply in respect of the taxation of corporation tax.

Article 13.　The excess income of a corporation in every accounting period shall be the excess amount of the normal income of every accounting period over 10% of the amount of capital employed in every accounting period.

Article 14.　Income at liquidation of a corporation shall be the amount as enumerated hereunder:

Article 15.　The capital in every accounting period of a corporation having its head office or principal place of business within the enforcement area of the present Law shall be calculated as follows:The monthly average of the amount of paid-up capital, contributions or funds as of the end of each month of each accounting period plus the amount of reserves at the beginning date of each accounting period shall be multiplied by the number of months in said accounting period and then divided by 12. The amount thus obtained shall be regarded as the capital of the corporation in said accounting period.

Article 16.　"A reserve" within the meaning of the present Law shall be the fund reserved and similar types of amount which have been reserved from the normal income of a corporation.

Article 17.　Corporation tax shall be imposed at the following rates:

Article 18.　A corporation (excluding the case as prescribed in Art.21) shall, within two months following the date on which an accounting period of the corporation closed, file with the Government a return stating therein the amount of normal income, excess income and capital of the accounting period concerned.

Article 19.　In case the account of a corporation referred to in par.1 of the preceding Article have not been settled on or before the filing date of a return referred to in the same paragraph, the corporation shall provisionally estimate the amount of normal income, excess income and capital during the accounting period concerned and file with the Government the return stating therein the amount of normal income, excess profits and capital as estimated provisionally, instead of the filing of a return as prescribed in par.1 of the preceding Article.

Article 20.　In case the corporation which filed the return as estimated provisionally pursuant to the provision of par.1 of the preceding Article, has finally settled the account, the corporation shall, within twenty days after the settlement of account, file with the Government a return stating therein the amount of normal income, excess income and capital during the accounting period concerned.

Article 21.　In case the accounting period of a corporation as designated by statutes or by charters of corporations (such accounting period shall hereinafter be reffered to "fixed accounting period" ) is exceeding six months, the first six months after the beginning of the fixed accounting period shall be deemed one accounting period in the application of the present Law. In this case, the corporation concerned shall estimate the amount of normal income, excess income and capital in the accounting period and file, within two months after the ending of the accounting period concerned, with the Government a return stating therein the amount of normal income, excess income and capital in said accounting period.

Article 22.　The corporation coming under the provision of par.1 of the preceding Article shall, within two months after the close of the fixed accounting period, file with the Government a return stating therein the amount of normal income, excess income, and capital in the fixed accounting period concerned (including the period deemed one accounting period by virtue of par.1 of the preceding Article).

Article 23.　A corporation in liquidation shall each time on distributing the excess of the liquidate assets over the amount of the paid-up shares or the amount of investment, file the return of income at liquidation, by the time-limit as prescribed by Ordinance, with the Government, as prescribed by Ordinance.

Article 24.　A corporation created by, or continues to exist after amalgamation, shall within 2 months after the amalgamation, file a return with the Government stating therein the income at liquidation of the corporation ceased to exist due to the amalgamation.

Article 25.　In case a corporation has found an omission in the return on the normal income, excess income, capital or income at liquidation, which was filed with the Government, pursuant to Arts.18-24 or filed after the time-limit as referred to in Arts.18-24, it shall immediately apply to the Government to revise the return.

Article 26.　Corporation taxes referred to under each of the following numbers, shall be paid by the time-limit of each number concerned as provided for by Ordinance:

Article 27.　If, in the case of the dissolution of corporation, the corporation liquidates its assets without paying the corporation tax imposed on the normal income, the excess income and the capital or the corporation tax imposed on the income at liquidation, the liquidators and the persons to whom the liquidate assets have been distributed, shall be jointly liable to pay said taxes; provided that, the recipients of the liquidate assets shall be liable to pay the taxes only to the extent of the benefit he received.

Article 28.　In case a corporation which is liable to pay corporation tax, has failed to pay the tax by the time-limit as prescribed in par.1 of Art.26, or by the filing date or the revising date of a return as prescribed in par.2 of the same Article, the Government will enforce the payment in accordance with Art.9 of the National Tax Collection Law.

Article 29.　In case the taxable standards (the taxable standards shall hereinafter mean normal income, excess income or capital of each accounting period or income at liquidation declared in the return filed pursuant to Art.20, par.1, Art.23, par.1 or Art.24, par.1 as applied in Art.18, par.1, Art.20, par.1, Art.22, par.1, and Art.22, par.3, or revised pursuant to Art.25, par.1, are different from the same investigated by the Government, the Government shall, on the basis of its investigation, correct the taxable standards.

Article 30.　The Government will determine the taxable standards on its own investigation, in case a corporation which is deemed liable to pay the tax failed to file its return, or filed the return stating therein that there was no taxable income or capital.

Article 31.　In case an omission has been found in the corrected or determined taxable standards after the correction or determination as referred to in the preceding two Articles took place, the Government shall revise the corrected or determined standards on its own investigation.

Article 32.　The Government when corrected or determined the taxable standards in accordance with the preceding three Articles, shall notify the same to the corporation liable to pay the tax.

Article 33.　When the Government has corrected or determined the taxable standards in accordance with Arts.29-31, the Government shall collect the penalty tax (meaning the tax in deficit) not later than one month after the notification of the preceding Article has been issued.

Article 34.　In case a family-corporation is deemed to have acted, or computed the taxable standards, aiming at the evation of the corporation tax, the Government may determine the taxable standards on the basis of its interpretation regardless of the actions or computations concerned.

Article 35.　In case a family-corporation has reserved more than 30% of its normal income in an accounting period, the Government may collect an amount, as an additional corporation tax to corporation tax on normal income, which is to be computed be applying a special rate to the excess over the 30%.

Article 36.　In case a corporation liable to pay the tax has an objection in respect to the taxable standards as notified by the Government in accordance with Art.32 or to the penalty tax as notified by the Government in accordance with Art.32 as applied in par.5 of the preceding Article or to the amount of tax as notified by the Government pursuant to Art.44, it may request the re-investigation to the Government stating the reason for its dissatisfaction within a month from the date on which it received the notification.

Article 37.　In case a request is made by virtue of par.1 of the preceding Article, the objection shall be settled by the Government and the settlement shall be notified to the corporation liable to pay the tax.

Article 38.　A corporation who has an objection to the settlement made pursuant to par.1 of the preceding Article may make suit to the Government or appeal to the Court.

Article 39.　Any person may, as prescribed by Ordinance, request the Government to inspect return filed by corporations liable to pay the tax and documents regarding correction, determination or revision of taxable standards.

Article 40.　In case an information given to the Government of the fact that a corporation deemed liable to pay the tax had failed to file its return or of the suspect of an omission in the taxable standards thereof has led the Government to the determination or correction of the taxable standards thereof, the Government may, as prescribed by Ordinance, give the informer an amount not exceeding 10% of the corporation tax as recovered by the determination or correction as a reward;provided, however, the maximum of the reward shall not exceed 100,000 yen.

Article 41.　In case the amount of corporation tax upon the capital of each accounting period, computed pursuant to the provisions of Art.17 proves less than 500 yen, it shall be 500 yen.

Article 42.　A corporation liable to pay the tax shall, as prescribed by Ordinance, pay an amount of the penalty tax additional to the corporation tax as referred to under par.2 of Art.26 which is computed, according to the term of time prescribed by Ordinance, by multiplying the amount of said corporation tax at the rate of 3 sen per 100 yen of said corporation tax on the date of payment prescribed by the provision of said paragraph.

Article 43.　Excepting cases where there are good reasons for the failure to file a return by the filing date prescribed under Arts.18-22 and Art.24 or by the filing date prescribed by Ordinance in accordance with the provisions of par.1 of Art.23 or for the making error on the taxable standards returned formerly or revised if a return referred to in par.1 of Art.25 has been revised or for the fact that the taxable standards returned by a corporation is at varience with the same investigated by the Government, the Government, when the corporation tax referred to under par.2 of Art.26 has been paid or the corporation tax equal to the penalty tax of Art.33 is to be collected, shall, as prescribed by Ordinance, collect, according to the term of time prescribed by Ordinance, a penalty tax in the form of corporation tax, which is to be computed by multiplying the tax concerned at the rate of 5% for each month elapsed;provided, the maximum thereof shall be 50% of the tax amount concerned.

Article 44.　The Government, when determined the penalty tax to be collected pursuant to the provisions of the preceding Article shall notify the same to the corporation which is liable to pay the tax.

Article 45.　Taxation officials may, when necessary for the purpose of investigation of the corporation tax, ask questions to the corporations which are liable or deemed liable to pay corporation tax or inspect their books, papers or other things relating thereto.

Article 46.　Taxation officials may, when necessary for the purpose of investigation of corporation tax, ask questions to the persons who are deemed liable to pay money or commodities to the corporation liable or deemed liable to pay corporation tax, or to the persons who are deemed entitled to receive money or commodities from said corporation, or inspect books and papers relating to their businesses.

Article 47.　Prefectures, cities, towns, villages and other public bodies shall not impose the surtax of the corporation tax.

Article 48.　In case a corporation tax has been evaded by an act of fraud or other unjust means, the representative, deputy, employee or other members of the corporation who have committed the same, shall be imprisoned for not more than one year, or fined or forfeit not exceeding three times of the tax evaded.

Article 49.　A person who comes under any of the following numbers shall be imprisoned for not more than one year, or fined not exceeding 10,000 yen.

Article 50.　In case a person who is or was engaged in investigation of the corporation tax has divulged or abused secrets as acquired relating to the investigation or re-investigation, he shall be imprisoned for not more than two years, or fined not exceeding 20,000 yen.

Article 51.　In case a representative of a corporation, a deputy, employee or a member of a corporation or of an individual has committed a violation as referred to under Art.48 or Art.49, the person who actually committed violation, shall be punished as well as the corporation or the individual shall be fined in accordance with the provisions of each Article concerned.

Article 52.　A person who, regarding the corporation tax of the other persons, has given to the Government a false information on the matters referred to under Art.40 shall be imprisoned for not more than three years, or fined not exceeding 10,000 yen.

Article 53.　In respect to a person who has committed the violation as prescribed under par.1 or Art.48, the proviso of par.3 of Art.38, par.2 of Art.39, Arts.40 and 41, par.2 of Art.48 and Arts.63 and 66 of the Penal Code shall not apply;provided, however, this shall not hold good in case the person is to he imprisoned.