Tax Reassessments and Additional Tax Burden Relating to Export Transactions of an Indonesian Subsidiary
First written in FY2020-Q2. 1 of 3 entries say "Materialised", first in FY2020. Latest entry: FY2021.
2 other companies' latest entry also says "Mitigated".
- FY2021MitigatedAnnual report
「The appeal filed in December 2019 was upheld by the Supreme Court in February 2021, and, following the final judgment in the company's favor, ¥357 million in negative income taxes for prior periods was recorded.」
Following the company's victory in the Supreme Court concerning the tax reassessment related to export transactions by the Indonesian subsidiary, the previously recorded additional tax burden was reversed. - FY2020MaterialisedAnnual report
「Following the final judgment in September 2019, ¥366 million in income taxes for prior periods was recorded.」
Following the final judgment in the case concerning the tax reassessment related to export transactions by the Indonesian subsidiary, ¥366 million in income taxes for prior periods was recorded. - FY2020-Q2First statedAnnual report
「PT Sanken Indonesia, a consolidated subsidiary of the company, received a tax reassessment notice from the Indonesian tax authorities in July 2016 concerning the reported amount and other matters related to export transaction amounts for the tax year ended December 2014. The company objected to the notice with the Directorate General of Taxes and filed a lawsuit with the Indonesian Tax Court, as it considered the notice unjustified, lacking a valid basis and unacceptable. Following the final judgment in September 2019, ¥365 million in income taxes for prior periods was recorded.」
Following the final judgment in September 2019 concerning the objection and litigation over the tax reassessment related to export transactions by the Indonesian subsidiary, ¥365 million in income taxes for prior periods was recorded.