Accounting Treatment of Tax-Effect Accounting in Connection with the Transition to the Group Aggregation System
First written in FY2022-Q3. 1 of 4 entries say "Advanced", first in FY2022. Latest entry: FY2023-Q3.
106 other companies' latest entry also says "Restated".
- FY2023-Q3RestatedAnnual report
「The Company and certain domestic consolidated subsidiaries transitioned from the consolidated tax payment system to the group tax-sharing system from the first quarter.」
The transition to the Group Aggregation System, which began in the previous quarter, and the accounting and disclosure treatment based on Practical Solution Report No. 42 continue to be applied. - FY2023-Q1AchievedAnnual report
「The Company and certain domestic consolidated subsidiaries transitioned from the consolidated tax system to the group tax-sharing system from the beginning of the first quarter of the current fiscal year. Accordingly, accounting and disclosure for corporate income taxes, local corporate taxes and tax-effect accounting are conducted in accordance with the Practical Solution on Accounting and Disclosure Under the Group Tax-Sharing System.」
The transition to the Group Aggregation System planned for the previous fiscal year was implemented from the first quarter of the current fiscal year, and the related accounting and disclosure treatment was also applied. - FY2022AdvancedAnnual report
「Beginning at the start of the following consolidated fiscal year, the Company planned to apply the Practical Solution on Accounting and Disclosure under the Group Tax-Sharing System (Practical Solution Report No. 42, 12 August 2021), which prescribes accounting and disclosure treatments for corporate and local corporate taxes and tax-effect accounting when applying the group tax-sharing system.」
The disclosure specifies the plan to apply a new Practical Solution Report from the beginning of the following consolidated fiscal year in connection with tax-effect accounting associated with the transition to the Group Aggregation System. - FY2022-Q3First statedAnnual report
「The Company and certain domestic consolidated subsidiaries are applying the provisions of the tax laws before their amendment to the amounts of deferred tax assets and deferred tax liabilities under the treatment prescribed in paragraph 3 of Practical Solution Report No. 39, Application of Tax Effect Accounting to the Transition from the Consolidated Taxation System to the Group Aggregation System (31 March 2020), without applying paragraph 44 of the Guidance on Accounting Standard for Tax Effect Accounting, with respect to the transition to the Group Aggregation System established under the Act Partially Amending the Income Tax Act and Other Acts (Act No. 8 of 2020) and items for which the single-entity taxation system was revised in connection with that transition.」
The disclosure states the policy of applying the tax laws before amendment, based on the transitional treatment, to tax-effect accounting associated with the transition to the Group Aggregation System.