Tax Reassessment and Litigation Risk at Russian Subsidiary
First written in FY2016. 6 of 12 entries say "Restated". Latest entry: FY2019.
No other company in this theme has enough history to compare yet.
- FY2019DroppedAnnual reportThe individual disclosure concerning the tax reassessment and litigation involving the Russian subsidiary, which had been included previously, cannot be found in the main text of this securities report.
- FY2019-Q3RestatedAnnual report
「There were no newly arising business or other risks during the cumulative consolidated period for the third quarter. Nor were there any material changes to the business or other risks described in the securities report for the previous fiscal year.」
The company states that there are no new risks or material changes regarding the tax reassessment and litigation risk involving the Russian subsidiary. - FY2019-Q2RestatedAnnual report
「There were no newly arising business or other risks during the cumulative consolidated period for the second quarter. Nor were there any material changes to the business or other risks described in the securities report for the previous fiscal year.」
The company states that there are no new risks or material changes regarding the tax reassessment and litigation risk involving the Russian subsidiary. - FY2019-Q1RestatedAnnual report
「There were no newly arising business or other risks during the cumulative consolidated period for the first quarter. Nor were there any material changes to the business or other risks described in the securities report for the previous fiscal year.」
The company states that there are no new risks or material changes regarding the tax reassessment and litigation risk involving the Russian subsidiary. - FY2018-Q3RestatedAnnual report
「There were no newly arising business or other risks during the cumulative consolidated period for the third quarter. Nor were there any material changes to the business or other risks described in the securities report for the previous fiscal year.」
The company states that there are no new risks or material changes regarding the tax reassessment and litigation risk involving the Russian subsidiary. - FY2018-Q2RestatedAnnual report
「There were no newly arising business or other risks during the cumulative consolidated period for the second quarter. Nor were there any material changes to the business or other risks described in the securities report for the previous fiscal year.」
The company states that there are no new risks or material changes regarding the tax reassessment and litigation risk involving the Russian subsidiary. - FY2018-Q1RestatedAnnual report
「There were no newly arising business or other risks during the cumulative consolidated period for the first quarter. Nor were there any material changes to the business or other risks described in the securities report for the previous fiscal year.」
The company states that there are no new risks or material changes regarding the tax reassessment and litigation risk involving the Russian subsidiary. - FY2017MitigatedAnnual report
「The subsidiary determined that the findings underlying the tax reassessment order had no basis and filed a lawsuit, in which it won at first instance, second instance and the court of cassation. Accordingly, the company determined that the total RUB 72 million in additional taxes and other amounts was unlikely to arise and did not record a provision.」
Having won at the court of cassation following victories at first and second instance, the company continues to determine that the likelihood of the total RUB 72 million in additional taxes and other amounts arising is low. - FY2017-Q3MitigatedAnnual report
「The subsidiary determined that the findings underlying the tax reassessment order had no basis and filed a lawsuit, in which it won at first instance, second instance and the court of cassation. Accordingly, the company determined that the total RUB 72 million in additional taxes and other amounts, compared with RUB 66 million at the end of the previous fiscal year, was unlikely to arise and did not record a provision.」
Having won at the court of cassation following victories at first and second instance, the company continues to determine that the likelihood of additional taxes and other amounts arising is low. - FY2017-Q2MitigatedAnnual report
「The subsidiary determined that the findings underlying the tax reassessment order had no basis and filed a lawsuit, in which it won at both first and second instance. Accordingly, the company determined that the total RUB 72 million in additional taxes and other amounts, compared with RUB 66 million at the end of the previous fiscal year, was unlikely to arise and did not record a provision.」
Having won at second instance following its victory at first instance, the company continues to determine that the likelihood of additional taxes and other amounts arising is low. - FY2017-Q1MitigatedAnnual report
「The subsidiary determined that the findings underlying the tax reassessment order had no basis and filed a lawsuit, in which it won at first instance. Accordingly, the company determined that the total RUB 69 million in additional taxes and other amounts, compared with RUB 66 million at the end of the previous fiscal year, was unlikely to arise and did not record a provision.」
While the possible additional amount of taxes and other charges increased to RUB 30 million, the subsidiary won at first instance and continues to determine that the likelihood of such amounts arising is low. - FY2016First statedAnnual report
「A Russian consolidated subsidiary received a tax reassessment order from the Russian tax authorities for RUB 38 million, relating to corporate taxes and other items. The subsidiary determined that the authorities' findings had no basis and filed a lawsuit. As of the end of the fiscal year, an additional RUB 27 million in corporate taxes and other items may arise in connection with the litigation.」
A tax reassessment order and litigation have already occurred, but no provision has been recorded for a total of RUB 66 million in additional taxes and other amounts, including the possible additional amount.