Preparation for Adoption of the Global Minimum Tax in the Fiscal Year Ending March 2025
First written in FY2024. 1 of 2 entries say "Achieved", first in FY2026-H1. Latest entry: FY2026-H1.
2 other companies' latest entry also says "Achieved".
- FY2026-H1AchievedAnnual report
「Our Group has applied paragraph 7 of the Practical Solution on the Accounting and Disclosure of Corporate Income Taxes Related to the Global Minimum Tax Rules (Practical Solution Report No. 46, issued on 22 March 2024) and has not recognized corporate income taxes related to the international minimum tax amount for the accounting years covered, including the current interim consolidated accounting period.」
The accounting treatment applicable to the global minimum tax rules, and the fact that corporate income taxes related to the international minimum tax amount had not been recognized for the current interim consolidated accounting period, were disclosed as treatments already implemented. - FY2024First statedAnnual report
「The global minimum tax is a new tax regime intended to impose a minimum corporate tax rate of 15% on the country-by-country profits of multinational enterprise groups meeting certain requirements. It is characterized by a difference between the entity generating the net income or profit that is the source of the tax and the entity incurring the tax obligation.」
First disclosure of plans to apply the accounting and disclosure treatment for the global minimum tax regime from the beginning of the fiscal year ending March 2025, with the impact on the consolidated financial statements still under evaluation.