Transition to the Group Tax Sharing System
First written in FY2022-Q1. 1 of 2 entries say "Achieved", first in FY2023-Q1. Latest entry: FY2023-Q1.
- FY2023-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.」
Regarding the transition to the consolidated taxation system, the actual transition was implemented from the current first-quarter accounting period. - FY2022-Q1First statedAnnual report
「The Company and certain domestic consolidated subsidiaries have applied the treatment under Paragraph 3 of Practical Solution Report No. 39, “Accounting and Disclosure under the Transition from the Consolidated Taxation System to the Group Tax-Sharing System” (31 March 2020), for items relating to the transition to the group tax-sharing system established by the Act Partially Amending the Income Tax Act and Other Acts (Act No. 8 of 2020) and the related review of the single-entity taxation system. Accordingly, they have not applied Paragraph 44 of the Guidance on Accounting Standard for Tax Effect Accounting (ASBJ Guidance No. 28, 16 February 2018), and have measured deferred tax assets and deferred tax liabilities based on the provisions of the tax laws before amendment.」
In connection with the transition to the Group Tax Sharing System, the company applied transitional tax-effect accounting treatment based on the tax laws before the amendments when measuring deferred tax assets and liabilities.