Tax reassessments and appeals involving a Thai subsidiary
First written in FY2016. 3 of 3 entries say "Materialised", first in FY2016. Latest entry: FY2017.
Fujikura moved to the "Worse" side of this theme in 2016.
1 other company's latest entry also says "Materialised".
- FY2017MaterialisedAnnual report
「In accordance with the above notification, the Group withdrew its legal action and appeals, recalculated taxable income using the authorities' method, including for fiscal years not subject to reassessment and for consolidated subsidiary DDK (Thailand) Ltd., which was not subject to reassessment, and filed amended tax returns and paid the taxes. As a result, THB 887 million (¥2,764 million) was recognized as “corporate income taxes for prior periods.”」
For the Thai tax reassessments, the withdrawal of the legal action and appeals, amended tax filings and tax payments, and recognition of ¥2,764 million in corporate income taxes for prior periods are included in the full-year figures. - FY2017-Q1MaterialisedAnnual report
「In accordance with the above notification from Thailand's Ministry of Finance, the Group withdrew its legal action and appeals, recalculated taxable income using the authorities' method, including for fiscal years not subject to reassessment and for consolidated subsidiary DDK (Thailand) Ltd., which was not subject to reassessment, and filed amended tax returns and paid the taxes. As a result, THB 898 million (¥2,758 million) was recognized as “corporate income taxes for prior periods.”」
The Group withdrew its appeals and legal action concerning the Thai tax reassessments, filed amended tax returns and paid the taxes, and recognized ¥2,758 million in corporate income taxes for prior periods. The financial impact of the tax risk materialized. - FY2016MaterialisedAnnual report
「Fujikura Electronics (Thailand) Ltd., a consolidated subsidiary located in Thailand, received the following tax reassessment notices from the Thai tax authorities: ① a notice for THB 883 million on 21 May 2013, ② a notice for THB 29 million on 28 May 2014, ③ a notice for THB 7 million on 21 May 2015, and ④ a notice for THB 1 million on 14 January 2016.」
Following the tax reassessments, the Company filed an action with the Tax Court or an appeal with the Revenue Department's Appeals Tribunal.