Expected additional tax payment related to transfer pricing rules
First written in FY2017-Q3. 2 of 3 entries say "Materialised", first in FY2017. Latest entry: FY2018.
Daicel moved to the "Worse" side of this theme in 2017, 5 years before the typical company in this theme (2022).
The whole theme swung hardest in 2023: 2 of 12 companies on the "Worse" side.
3 other companies' latest entry also says "Materialised".
- FY2018MaterialisedAnnual report
「This represents an adjustment payment with the U.S. subsidiary following agreement in the Japan-U.S. mutual agreement procedure concerning transfer pricing rules.」
The Company recorded an adjustment payment of ¥5.485 billion related to transfer pricing rules as an extraordinary loss, bringing the tax risk into the full-year results. - FY2017MaterialisedAnnual report
「The Company has recorded additional payments of corporate taxes and other taxes based on its advance pricing agreement application concerning transfer pricing rules.」
The Company actually recorded ¥690 million in prior-period corporate taxes and other taxes as additional payments related to transfer pricing rules. - FY2017-Q3First statedAnnual report
「The Company has recorded estimated additional payments of corporate taxes and other taxes based on its advance pricing agreement application concerning transfer pricing rules.」
The Company recorded estimated additional payments related to transfer pricing rules as prior-period corporate taxes and other taxes. The quarterly consolidated income statement includes ¥688 million in prior-period corporate taxes and other taxes.