Tax-Effect Accounting in Connection with the Transition from the Consolidated Taxation System to the Group Aggregate Taxation System
First written in FY2021. 1 of 4 entries say "Advanced", first in FY2022. Latest entry: FY2024.
106 other companies' latest entry also says "Restated".
- FY2024RestatedAnnual report
「The Company and certain domestic consolidated subsidiaries apply the group tax sharing system.」
The application of the group tax sharing system transitioned to from the previous fiscal year, together with the related accounting treatment and disclosure, continues. - FY2023AchievedAnnual report
「The Company and certain domestic consolidated subsidiaries have transitioned from the consolidated taxation system to the group tax sharing system from the current consolidated fiscal year. Accordingly, accounting treatment and disclosure for corporate income tax, local corporate income tax and tax-effect accounting are conducted in accordance with the Practical Solution on the Accounting and Disclosure under the Group Tax Sharing System (Practical Issues Task Force No. 42, 12 August 2021; hereinafter, “Practical Issues Task Force No. 42”).」
The transition from the consolidated taxation system to the group tax sharing system planned for the previous fiscal year was implemented from the current consolidated fiscal year, and the related accounting treatment and disclosure were also transitioned to the new treatment. - FY2022AdvancedAnnual report
「The Company and certain domestic consolidated subsidiaries will transition from the consolidated taxation system to the group tax sharing system from the following consolidated fiscal year. From the beginning of the following consolidated fiscal year, the Company plans to apply the Practical Solution on the Accounting and Disclosure under the Group Tax Sharing System (Practical Issues Task Force No. 42, 12 August 2021), which prescribes the accounting treatment and disclosure for corporate income tax, local corporate income tax and tax-effect accounting when applying the group tax sharing system.」
The transition from the consolidated taxation system to the group tax sharing system from the following consolidated fiscal year, together with the planned application of the new accounting treatment, has been specified. - FY2021First statedAnnual report
「The Company and certain domestic consolidated subsidiaries have applied the amounts of deferred tax assets and deferred tax liabilities based on the provisions of the tax laws before their amendment, pursuant to Paragraph 3 of the Practical Solution on the Accounting and Disclosure under the Group Tax Sharing System (Practical Issues Task Force No. 39, 31 March 2020), for matters established under the group tax sharing system introduced by the Act Partially Amending the Income Tax Act and Other Acts (Act No. 8 of 2020) and matters for which the single-company taxation system was revised in connection with the transition to the group tax sharing system.」
The accounting treatment for tax effects related to the transition to the group tax sharing system has been disclosed from the current fiscal year.