Temporary Tax Accounting Exception Related to the Pillar Two Model Rules
First written in FY2023-Q2. 3 of 5 entries say "Advanced", first in FY2023. Latest entry: FY2025.
The whole theme swung hardest in 2026: 1 of 8 companies on the "Worse" side.
2 other companies' latest entry also says "Advanced".
- FY2025AdvancedAnnual report
「As application in Japan of the Income Inclusion Rule (IIR), one of the Pillar Two Model Rules, commenced in the current fiscal year, fiscal 2025, our company, the ultimate parent company, will file and pay tax under the IIR and file related information in Japan for all companies in our Group in accordance with Japanese laws and regulations.」
For the Pillar Two Model Rules, our company, the ultimate parent company in Japan, began filing and paying tax under the IIR for all companies in the Group from fiscal 2025. - FY2024AdvancedAnnual report
「In the current fiscal year, fiscal 2024, JT International Holding B.V. in the Netherlands, where application of the Income Inclusion Rule (IIR) will commence, will act as the intermediate parent company and file and pay tax under the IIR and file GloBE Information Returns for its subsidiaries. From fiscal 2025 onward, our company, the ultimate parent company, will file and pay tax under the IIR and file GloBE Information Returns in Japan for all companies in our Group in accordance with Japanese laws and regulations.」
For the Pillar Two Model Rules, filing and tax payment under the IIR by the intermediate parent company in the Netherlands began in fiscal 2024, and from fiscal 2025 onward the structure changed to one in which our company acts as the ultimate parent company for all companies in the Group. - FY2023AdvancedAnnual report
「Under the Pillar Two Model Rules, in the following fiscal year, fiscal 2024, JT Inernational Holding B.V. in the Netherlands, where application of the Income Inclusion Rule (IIR) will commence, will act as the intermediate parent company and file and pay tax under the IIR and file GloBE Information Returns for its subsidiaries. From fiscal 2025 onward, our company, the ultimate parent company, will file and pay tax under the IIR and file GloBE Information Returns in Japan for all companies in our Group in accordance with Japanese laws and regulations.」
For the Pillar Two Model Rules, the applicable structure and timing were specified: the intermediate parent company in the Netherlands will file and pay tax under the IIR in fiscal 2024, while our company will do so from fiscal 2025 onward. - FY2023-Q3RestatedAnnual report
「With respect to IAS 12 among the matters described above, a temporary exception has been established that removes the requirement to recognise and disclose deferred tax assets and deferred tax liabilities related to the Pillar Two Model Rules. Our Group has applied this exception retrospectively.」
It has been reconfirmed that the temporary exception removing the requirement to recognise and disclose deferred tax assets and liabilities related to the Pillar Two Model Rules has been applied retrospectively. - FY2023-Q2First statedAnnual report
「IAS 12 provides a temporary exception that removes the requirement to recognise and disclose deferred tax assets and deferred tax liabilities related to the Pillar Two Model Rules. Our Group has applied this exception retrospectively. Accordingly, no deferred tax assets or deferred tax liabilities related to the Pillar Two Model Rules have been recognised.」
The temporary exception removing the requirement to recognise and disclose deferred tax assets and liabilities related to the Pillar Two Model Rules was applied retrospectively in accordance with the amendments to IAS 12.