Recognition of withholding income tax related to trust-type stock options
First written in FY2023-Q2. 1 of 2 entries say "Materialised", first in FY2023. Latest entry: FY2023.
Sun* moved to the "Worse" side of this theme in 2024, the same year as the typical company in this theme.
3 other companies' latest entry also says "Materialised".
- FY2023MaterialisedAnnual report
「In the current fiscal year, the company recorded ¥16 million in ancillary taxes related to the payment of withholding tax as a loss related to trust-type stock options under extraordinary losses.」
Following the National Tax Agency's view on trust-type stock options, the company actually recorded ¥16 million in ancillary taxes related to the payment of withholding tax as an extraordinary loss. - FY2023-Q2First statedAnnual report
「On 30 May 2023, the National Tax Agency published “Taxation of Stock Options (Q&A)” and stated that trust-type stock options are effectively treated as salary when officers and employees exercise the rights granted by the company and acquire shares. Accordingly, the company is required to retrospectively withhold tax from officers and employees who have already exercised the options. The company's First Series of Stock Acquisition Rights qualifies as trust-type stock options. In the second quarter, the company recorded ¥228 million, equivalent to the amount of withholding income tax payable, as a current liability on the consolidated balance sheet and recorded the corresponding receivable as a current asset.」
Following the National Tax Agency's view, the company first disclosed that it had recorded ¥228 million, equivalent to the withholding income tax payable on the First Series of Stock Acquisition Rights, as a current liability and the corresponding receivable as a current asset.