Application of the Consolidated Taxation System and Response to the Transition to the Group Tax Sharing System
First written in FY2021. 2 of 4 entries say "Advanced", first in FY2022-Q1. Latest entry: FY2023-Q1.
The whole theme swung hardest in 2020: 3 of 8 companies on the "Worse" side.
7 other companies' latest entry also says "Achieved".
- FY2023-Q1AchievedAnnual report
「The Company and certain domestic consolidated subsidiaries transitioned from the consolidated tax system to the group tax-sharing system from the beginning of the first quarter of the current fiscal year. Accordingly, accounting and disclosure for corporate income taxes, local corporate taxes and tax-effect accounting are conducted in accordance with the Practical Solution on Accounting and Disclosure Under the Group Tax-Sharing System.」
The Company implemented the transition from the consolidated taxation system to the group relief system from the current first quarter of the consolidated fiscal year and adopted the related accounting treatment and disclosures. - FY2022AdvancedAnnual report
「Beginning at the start of the following consolidated fiscal year, the Company planned to apply the Practical Solution on Accounting and Disclosure under the Group Tax-Sharing System (Practical Solution Report No. 42, 12 August 2021), which prescribes accounting and disclosure treatments for corporate and local corporate taxes and tax-effect accounting when applying the group tax-sharing system.」
The Company explicitly stated that, in connection with the transition from the consolidated taxation system to the group relief system, it plans to adopt Practical Response Report No. 42 from the beginning of the next consolidated fiscal year. - FY2022-Q1AdvancedAnnual report
「The company and certain domestic consolidated subsidiaries apply the transitional treatment under Paragraph 3 of Practical Solution No. 39, Application of Tax Effect Accounting for the Transition from the Consolidated Taxation System to the Group Tax-Sharing System, to deferred tax assets and deferred tax liabilities for items created by the transition to the group tax-sharing system and by revisions to the standalone taxation system made in connection with that transition, using the provisions of the tax laws before amendment.」
The Company states that it has applied specific transitional treatment for tax-effect accounting in connection with the transition from the consolidated taxation system to the group relief system. - FY2021First statedAnnual report
「The consolidated taxation system has been applied from the current consolidated fiscal year.」
The Company adopted the consolidated taxation system from the current consolidated fiscal year and also describes the accounting treatment for tax effects associated with the future transition to the group relief system.