Application of Tax Effect Accounting in Connection with the Transition to the Group Tax Sharing System
First written in FY2021-Q1. 2 of 4 entries say "Restated". Latest entry: FY2022.
Hayashikane Sangyo moved to the "Worse" side of this theme in 2022.
4 other companies' latest entry also says "Reframed".
- FY2022ReframedAnnual report
「The company will transition to the standalone tax filing system from the following consolidated fiscal year.」
While continuing the transitional accounting treatment associated with the transition to the group tax sharing system, the company plans to transition to the standalone tax filing system from the following consolidated fiscal year. - FY2022-Q2RestatedAnnual report
「The Company and certain domestic consolidated subsidiaries have applied the transitional treatment under Paragraph 3 of Practical Solution No. 39, “Practical Solution on the Application of Tax Effect Accounting for the Transition from the Consolidated Taxation System to the Group Tax-Sharing System,” and, for the transition to the group tax-sharing system and matters subject to revisions to the single-entity taxation system, have measured deferred tax assets and deferred tax liabilities based on the provisions of the tax law before the amendment without applying Paragraph 44 of the “Guidance on Implementing Tax Effect Accounting.”」
The company continues to apply the transitional accounting treatment for tax-effect accounting associated with the transition to the group tax sharing system. - FY2021-Q2RestatedAnnual report
「The Company and certain domestic consolidated subsidiaries have applied the transitional treatment under Paragraph 3 of Practical Solution No. 39, “Practical Solution on the Application of Tax Effect Accounting for the Transition from the Consolidated Taxation System to the Group Tax-Sharing System,” and, for the transition to the group tax-sharing system and matters subject to revisions to the single-entity taxation system, have measured deferred tax assets and deferred tax liabilities based on the provisions of the tax law before the amendment without applying Paragraph 44 of the “Guidance on Implementing Tax Effect Accounting.”」
The company continues to describe the transitional application method for tax-effect accounting associated with the transition to the group tax sharing system, with no material changes. - FY2021-Q1First statedAnnual report
「The Company and certain domestic consolidated subsidiaries have applied the transitional treatment under Paragraph 3 of Practical Solution No. 39, “Practical Solution on the Application of Tax Effect Accounting for the Transition from the Consolidated Taxation System to the Group Tax-Sharing System,” and, for the transition to the group tax-sharing system and matters subject to revisions to the single-entity taxation system, have measured deferred tax assets and deferred tax liabilities based on the provisions of the tax law before the amendment without applying Paragraph 44 of the “Guidance on Implementing Tax Effect Accounting.”」
The company describes the transitional application method for tax-effect accounting associated with the transition to the group tax sharing system, based on the prescribed practical response report.