Tax-Effect Accounting upon Transition to the Group Tax-Sharing System
First written in FY2021-Q2. 3 of 5 entries say "Restated". Latest entry: FY2023-Q2.
- FY2023-Q2RestatedAnnual report
「The Company and certain domestic consolidated subsidiaries transitioned from the consolidated tax payment system to the group tax-sharing system from the first quarter.」
The company continues the transition to the group aggregation system implemented from the first-quarter consolidated accounting period, together with the associated accounting treatment and disclosures. - FY2023-Q1AdvancedAnnual report
「The company and certain domestic consolidated subsidiaries transitioned from the consolidated taxation system to the group tax sharing system beginning with the first quarter of the current consolidated fiscal year. Accordingly, the accounting and disclosure treatment for corporate tax, local corporate tax and tax-effect accounting is based on the “Accounting and Disclosure Treatment When Applying the Group Tax Sharing System.”」
During the first quarter of the fiscal year, the Company actually changed from the previous transition preparation and transitional tax-effect accounting treatment to the group tax sharing system from the consolidated taxation system. - FY2022-Q2RestatedAnnual report
「The Company and certain domestic consolidated subsidiaries have applied the treatment under Paragraph 3 of Practical Issues Task Force No. 39, “Accounting for Tax Effect Accounting in the Transition from the Consolidated Taxation System to the Group Tax-Sharing System” (31 March 2020), and have not applied Paragraph 44 of the Implementation Guidance on Tax Effect Accounting. Deferred tax assets and liabilities are therefore calculated based on the provisions of the tax laws before amendment.」
We continue to apply the accounting treatment for tax-effect accounting associated with the transition to the group tax sharing system. - FY2022-Q1RestatedAnnual report
「The Company and certain domestic consolidated subsidiaries have applied the treatment under Paragraph 3 of Practical Issues Task Force No. 39, “Accounting for Tax Effect Accounting in the Transition from the Consolidated Taxation System to the Group Tax-Sharing System” (31 March 2020), and have not applied Paragraph 44 of the Implementation Guidance on Tax Effect Accounting. Deferred tax assets and liabilities are therefore calculated based on the provisions of the tax laws before amendment.」
We continue to apply the accounting treatment for tax-effect accounting associated with the transition to the group tax sharing system. - FY2021-Q2First statedAnnual report
「The Company and certain domestic consolidated subsidiaries have applied the treatment under paragraph 3 of "Accounting Treatment for the Application of Tax Effect Accounting Related to the Transition from the Consolidated Taxation System to the Group Relief System." Accordingly, for items subject to the transition to the group relief system established under the "Act Partially Amending the Income Tax Act and Other Acts" (Act No. 8 of 2020), and for items whose treatment under the single-entity taxation system was revised in connection with that transition, they have calculated deferred tax assets and deferred tax liabilities based on the provisions of the tax laws before the amendments.」
For tax-effect accounting associated with the transition to the group tax sharing system, deferred tax assets and liabilities are calculated based on the tax laws before the amendments.