Application of Tax-Effect Accounting in Connection with the Transition from the Consolidated Taxation System to the Group Aggregation System
First written in FY2021-Q2. 5 of 8 entries say "Restated". Latest entry: FY2023.
- FY2023RestatedAnnual report
「The Company and certain domestic consolidated subsidiaries have applied the group tax consolidation system from the current consolidated fiscal year. In accordance with the “Accounting and Disclosure Treatment for Applying the Group Tax Consolidation System,” the Company has accounted for and disclosed corporate income tax and local corporate tax, as well as tax-effect accounting related to these taxes.」
The Company continues the accounting and disclosure treatment based on the group tax consolidation system introduced in the previous fiscal year and Practical Response Report No. 42. - FY2023-Q3RestatedAnnual report
「The company and certain domestic consolidated subsidiaries have transitioned from the consolidated taxation system to the group tax sharing system from the first quarter. Accordingly, the accounting and disclosure treatment for corporation tax, local corporation tax and tax effect accounting is conducted in accordance with Practical Solution on the Accounting and Disclosure under the Group Tax Sharing System (ASBJ PITF No. 42, 12 August 2021, hereinafter “ASBJ PITF No. 42”).」
The company continues the transition to the group tax sharing system implemented from the first quarter and the accounting and disclosures based on ASBJ PITF No. 42. - FY2023-Q1AchievedAnnual report
「The company and certain domestic consolidated subsidiaries transitioned from the consolidated taxation system to the group tax-sharing system from the beginning of the first quarter of the consolidated fiscal year.」
The transition from the consolidated taxation system to the group aggregation system, which had been planned for the previous fiscal year, was implemented from the current first-quarter consolidated accounting period. - FY2022AdvancedAnnual report
「The Company and certain domestic consolidated subsidiaries will transition from the consolidated taxation system to the group tax sharing system from the next consolidated fiscal year.」
The Company specified that it plans to apply the group tax consolidation system from the following consolidated fiscal year, clarifying the stage of the transition to the system. - FY2022-Q3RestatedAnnual report
「For the transition by the Company and certain domestic consolidated subsidiaries 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 affected by revisions to the standalone taxation system accompanying that transition, the Group applies the treatment under paragraph 3 of Practical Solution No. 39, Accounting for Tax Effect Accounting on the Transition from the Consolidated Taxation System to the Group Relief System. Accordingly, it does not apply paragraph 44 of the Guidance on Accounting Standard for Tax Effect Accounting and measures deferred tax assets and liabilities based on the provisions of the tax laws before amendment.」
Regarding tax-effect accounting in connection with the transition to the group tax consolidation system, the Company continues to apply the same policy as in the previous quarter. - FY2022-Q1RestatedAnnual report
「For the transition by the Company and certain domestic consolidated subsidiaries 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 affected by revisions to the standalone taxation system accompanying that transition, the Group applies the treatment under paragraph 3 of Practical Solution No. 39, Accounting for Tax Effect Accounting on the Transition from the Consolidated Taxation System to the Group Relief System. Accordingly, it does not apply paragraph 44 of the Guidance on Accounting Standard for Tax Effect Accounting and measures deferred tax assets and liabilities based on the provisions of the tax laws before amendment.」
Regarding tax-effect accounting in connection with the transition to the group tax consolidation system, the Company continues to apply the same policy as in the previous quarter. - FY2021-Q3RestatedAnnual report
「For the transition by the Company and certain domestic consolidated subsidiaries 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 affected by revisions to the standalone taxation system accompanying that transition, the Group applies the treatment under paragraph 3 of Practical Solution No. 39, Accounting for Tax Effect Accounting on the Transition from the Consolidated Taxation System to the Group Relief System. Accordingly, it does not apply paragraph 44 of the Guidance on Accounting Standard for Tax Effect Accounting and measures deferred tax assets and liabilities based on the provisions of the tax laws before amendment.」
Regarding tax-effect accounting in connection with the transition to the group tax consolidation system, the Company disclosed the same application policy as in the previous quarter. - FY2021-Q2First statedAnnual report
「For the transition by the Company and certain domestic consolidated subsidiaries 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 affected by revisions to the standalone taxation system accompanying that transition, the Group applies the treatment under paragraph 3 of Practical Solution No. 39, Accounting for Tax Effect Accounting on the Transition from the Consolidated Taxation System to the Group Relief System. Accordingly, it does not apply paragraph 44 of the Guidance on Accounting Standard for Tax Effect Accounting and measures deferred tax assets and liabilities based on the provisions of the tax laws before amendment.」
Regarding tax-effect accounting in connection with the transition to the group tax consolidation system, the Company disclosed that, pursuant to Practical Response Report No. 39, deferred tax assets and liabilities are recognized based on the provisions of the tax laws before their amendment.