International Tax Risks, Including Transfer Pricing
First written in FY2021. 1 of 2 entries say "Restated". Latest entry: FY2023.
The whole theme swung hardest in 2018: 3 of 12 companies on the "Worse" side.
10 other companies' latest entry also says "Restated".
- FY2023RestatedAnnual report
「For transactions between group companies, we strive to comply with transfer pricing and other laws and regulations and pay close attention to international tax risks, including by setting appropriate transaction prices.」
The company continues to address international tax risks, including transfer pricing, by setting appropriate prices and obtaining assistance from external organizations. - FY2021First statedAnnual report
「For transactions between group companies, we pay close attention to international tax risks by striving to comply with transfer pricing and other laws and regulations and setting appropriate transaction prices. However, if the tax authorities raise an issue due to differences in interpretation, additional taxes and other liabilities may arise, adversely affecting our group's business results and other matters.」
The company independently identified for the first time the risk of differences in interpretation with tax authorities and additional taxation concerning transfer pricing and other matters in intercompany transactions.