Tax Effect Accounting Treatment Following the Transition to the Group-Wide Taxation System
First written in FY2020. 1 of 2 entries say "Achieved", first in FY2023-Q1. Latest entry: FY2023-Q1.
70 other companies' latest entry also says "Achieved".
- FY2023-Q1AchievedAnnual report
「The company and its domestic consolidated subsidiaries transitioned from the consolidated taxation system to the group tax sharing system from the beginning of the first quarter of the current fiscal year.」
The company implemented the transition to the group-wide tax sharing system from the first quarter of the current fiscal year and applied the related accounting treatment and disclosure requirements. - FY2020First statedAnnual report
「With respect to the transition by the company and certain domestic consolidated subsidiaries to the group aggregation system established under the Act Partially Amending the Income Tax Act and Other Laws (Act No. 8 of 2020), and items for which the standalone taxation system was revised in connection with that transition, we have applied the treatment in Paragraph 3 of the Practical Response Report on the Application of Tax Effect Accounting for the Transition from the Consolidated Taxation System to the Group Aggregation System (Practical Response Report No. 39, dated 31 March 2020). Accordingly, Paragraph 44 of the Implementation Guidance on Tax Effect Accounting has not been applied, and deferred tax assets and liabilities are measured based on the provisions of the tax laws before amendment.」
Regarding tax-effect accounting in connection with the transition to the group-wide tax sharing system, the company calculates deferred tax assets and liabilities based on the provisions of the tax laws before amendment, in accordance with Practical Response Report No. 39.