Adoption of the consolidated taxation system
First written in FY2017. 1 of 3 entries say "Achieved", first in FY2018. Latest entry: FY2022.
Toyota Tsusho moved to the "Worse" side of this theme in 2022.
The whole theme swung hardest in 2020: 3 of 8 companies on the "Worse" side.
2 other companies' latest entry also says "Reframed".
- FY2022ReframedAnnual report
「The Company will transition from the consolidated tax payment system to the group tax sharing system from the following fiscal year.」
Indicated a transition from operation under the consolidated tax payment system to the group tax sharing system in the following fiscal year. - FY2018AchievedAnnual report
「The Company and certain consolidated subsidiaries have applied the consolidated taxation system from the current consolidated fiscal year.」
The consolidated tax payment system, for which approval was applied for in the previous fiscal year, was adopted from the fiscal year ending March 2018. - FY2017First statedAnnual report
「The Company and certain consolidated subsidiaries applied for approval to adopt the consolidated tax payment system during the current consolidated fiscal year and will apply the system from the following consolidated fiscal year. Accordingly, from the current consolidated fiscal year, the Company has applied accounting procedures based on the assumption that the consolidated tax payment system would be adopted.」
Stated a policy of applying for approval during the current period and adopting the consolidated tax payment system from the following consolidated fiscal year.