Application of Tax-Effect Accounting in Connection with the Transition from the Consolidated Taxation System to the Group Tax Sharing System
First written in FY2020. 7 of 9 entries say "Restated". Latest entry: FY2024.
104 other companies' latest entry also says "Restated".
- FY2024RestatedAnnual report
「The company and certain domestic consolidated subsidiaries apply the group consolidated taxation system.」
The Group continues to apply the group aggregation system, having transitioned from the consolidated taxation system. - FY2023-Q3RestatedAnnual report
「The company and certain domestic consolidated subsidiaries have transitioned from the consolidated taxation system to the group tax sharing system from the first quarter. Accordingly, the accounting and disclosure treatment for corporation tax, local corporation tax and tax effect accounting is conducted in accordance with Practical Solution on the Accounting and Disclosure under the Group Tax Sharing System (ASBJ PITF No. 42, 12 August 2021, hereinafter “ASBJ PITF No. 42”).」
The company continues to describe the transition to the group tax-sharing system from the first quarter and the related accounting procedures and disclosures. - FY2023-Q2RestatedAnnual report
「The company and certain domestic consolidated subsidiaries have transitioned from the consolidated taxation system to the group tax sharing system from the first quarter. Accordingly, the accounting and disclosure treatment for corporation tax, local corporation tax and tax effect accounting is conducted in accordance with Practical Solution on the Accounting and Disclosure under the Group Tax Sharing System (ASBJ PITF No. 42, 12 August 2021, hereinafter “ASBJ PITF No. 42”).」
The company continues to state that it transitioned from the consolidated taxation system to the group tax-sharing system from the first quarter and has implemented the related accounting procedures and disclosures. - FY2023-Q1AchievedAnnual report
「The Company and certain domestic consolidated subsidiaries transitioned from the consolidated taxation system to the group relief system from the beginning of the first quarter of the current consolidated fiscal year. Accordingly, the accounting and disclosure of corporate and local taxes and tax-effect accounting comply with the Practical Solution on Accounting and Disclosure When Applying the Group Relief System (Practical Solution Report No. 42, dated 12 August 2021).」
The company actually transitioned from the consolidated taxation system to the group tax-sharing system and applied new treatment to the related corporate tax and tax-effect accounting procedures and disclosures. - FY2022-Q2RestatedAnnual report
「For the transition by the company and certain domestic consolidated subsidiaries to the group-relief system established by the Act Partially Amending the Income Tax Act and Other Acts (Act No. 8 of 2020), and for items revised alongside that transition, we apply the treatment in Paragraph 3 of Practical Solution No. 39, “Accounting and Disclosure under the Transition from the Consolidated Taxation System to the Group-Relief System,” and therefore measure deferred tax assets and liabilities based on the provisions of the tax laws before amendment, without applying Paragraph 44 of the Guidance on Accounting Standard for Tax Effect Accounting.」
In connection with the transition to the group tax sharing system, the company continues to calculate deferred tax assets and liabilities based on the tax laws before amendment. - FY2021-Q3RestatedAnnual report
「For the transition by the company and certain domestic consolidated subsidiaries to the group-relief system established by the Act Partially Amending the Income Tax Act and Other Acts (Act No. 8 of 2020), and for items revised alongside that transition, we apply the treatment in Paragraph 3 of Practical Solution No. 39, “Accounting and Disclosure under the Transition from the Consolidated Taxation System to the Group-Relief System,” and therefore measure deferred tax assets and liabilities based on the provisions of the tax laws before amendment, without applying Paragraph 44 of the Guidance on Accounting Standard for Tax Effect Accounting.」
The company continues to describe the treatment of tax-effect accounting associated with the transition to the group tax-sharing system and the calculation of deferred tax assets and liabilities based on the pre-amendment tax laws. - FY2021-Q2RestatedAnnual report
「For the transition by the company and certain domestic consolidated subsidiaries to the group-relief system established by the Act Partially Amending the Income Tax Act and Other Acts (Act No. 8 of 2020), and for items revised alongside that transition, we apply the treatment in Paragraph 3 of Practical Solution No. 39, “Accounting and Disclosure under the Transition from the Consolidated Taxation System to the Group-Relief System,” and therefore measure deferred tax assets and liabilities based on the provisions of the tax laws before amendment, without applying Paragraph 44 of the Guidance on Accounting Standard for Tax Effect Accounting.」
The company continues to describe the treatment of tax-effect accounting associated with the transition to the group tax-sharing system and the calculation of deferred tax assets and liabilities based on the pre-amendment tax laws. - FY2021-Q1RestatedAnnual report
「For the transition by the company and certain domestic consolidated subsidiaries to the group-relief system established by the Act Partially Amending the Income Tax Act and Other Acts (Act No. 8 of 2020), and for items revised alongside that transition, we apply the treatment in Paragraph 3 of Practical Solution No. 39, “Accounting and Disclosure under the Transition from the Consolidated Taxation System to the Group-Relief System,” and therefore measure deferred tax assets and liabilities based on the provisions of the tax laws before amendment, without applying Paragraph 44 of the Guidance on Accounting Standard for Tax Effect Accounting.」
The company continues to describe the treatment of tax-effect accounting associated with the transition to the group tax-sharing system and the calculation of deferred tax assets and liabilities based on the pre-amendment tax laws. - FY2020First statedAnnual report
「For the transition by the company and certain domestic consolidated subsidiaries to the group-relief system established by the Act Partially Amending the Income Tax Act and Other Acts (Act No. 8 of 2020), and for items revised alongside that transition, we apply the treatment in Paragraph 3 of Practical Solution No. 39, “Accounting and Disclosure under the Transition from the Consolidated Taxation System to the Group-Relief System,” and therefore measure deferred tax assets and liabilities based on the provisions of the tax laws before amendment, without applying Paragraph 44 of the Guidance on Accounting Standard for Tax Effect Accounting.」
The company newly described the treatment of tax-effect accounting associated with the transition to the group tax-sharing system and applied the provisions of the pre-amendment tax laws to the calculation of deferred tax assets and liabilities.