Preparing for the Transition from the Consolidated Taxation System to the Group Aggregation System
First written in FY2021-Q2. 2 of 3 entries say "Achieved", first in FY2022-Q1. Latest entry: FY2024-Q1.
The whole theme swung hardest in 2020: 3 of 8 companies on the "Worse" side.
7 other companies' latest entry also says "Achieved".
- FY2024-Q1AchievedAnnual report
「The Company and certain domestic consolidated subsidiaries have transitioned from the consolidated taxation system to the group tax-sharing system from the beginning of the first quarter of the current fiscal year.」
The transition from the consolidated taxation system used through the previous fiscal year to the group relief system was implemented from the first quarter accounting period. - FY2022-Q1AchievedAnnual report
「The company and certain domestic consolidated subsidiaries have applied the consolidated taxation system from the first quarter of the current consolidated fiscal year.」
The consolidated taxation system, for which approval was sought in the previous fiscal year and application was planned for the following fiscal year, was applied from the first quarter beginning in March 2021. - FY2021-Q2First statedAnnual report
「The company and certain domestic consolidated subsidiaries applied for approval to use the consolidated taxation system during the cumulative second quarter period. As the system is scheduled to be applied from the following consolidated fiscal year, accounting treatment has been conducted since the cumulative second quarter period on the assumption that the consolidated taxation system will apply, based on the Practical Solutions on the Accounting for Tax Effect Accounting When Applying the Consolidated Taxation System (No. 1) and (No. 2).」
The company applied for approval to use the consolidated taxation system and plans to apply it from the following consolidated fiscal year. The tax-effect accounting treatment related to the transition to the group relief system is also described.