We compute the one-loop contribution to the θ¯ parameter of an faxionlike particle (ALP) with CP-odd derivative couplings. Its contribution to the neutron electric dipole moment is shown to be orders of magnitude larger than that stemming from the one-loop ALP contributions to the up- and down-quark electric and chromoelectric dipole moments. This strongly improves existing bounds on ALP-fermion CP-odd interactions and also sets limits on previously unconstrained couplings. The case of a general singlet scalar is analyzed as well. In addition, we explore how the bounds are modified in the presence of a Peccei-Quinn symmetry. Published by the American Physical Society 2024