Tax-Effect Accounting Following the Transition From the Consolidated Taxation System to the Group Tax-Sharing System
First written in FY2022-Q2. 1 of 2 entries say "Advanced", first in FY2023-Q1. Latest entry: FY2023-Q1.
The whole theme swung hardest in 2025: 1 of 12 companies on the "Worse" side.
- FY2023-Q1AdvancedAnnual report
「The company and its domestic consolidated subsidiaries transitioned from the consolidated taxation system to the group tax sharing system from the beginning of the first quarter of the current fiscal year.」
The transition to the group tax sharing system actually began, moving the company to the stage of accounting for and disclosing corporate income taxes, local corporate taxes and tax-effect accounting in accordance with Practical Solution Report No. 42. - FY2022-Q2First statedAnnual report
「The company submitting the consolidated financial statements and its domestic consolidated subsidiaries apply the provisions of the tax laws before amendment, pursuant to paragraph 3 of the Practical Solution on the Accounting and Disclosure under the Group Tax Sharing System, with respect to the transition to the group tax sharing system established under the Act Partially Amending the Income Tax Act and Other Acts (Act No. 8 of 2020) and matters for which the single-entity tax payment system was revised in conjunction with that transition.」
For tax-effect accounting associated with the transition to the group tax sharing system, the company described accounting treatment based on the provisions of the tax laws before amendment, in accordance with the practical response report.