Tax-Effect Accounting in Connection with the Transition to the Group Tax Sharing System
First written in FY2022-Q1. 2 of 4 entries say "Restated". Latest entry: FY2023-Q3.
- FY2023-Q3RestatedAnnual report
「The company and certain domestic consolidated subsidiaries transitioned from the consolidated taxation system to the group tax sharing system from the first quarter of the current consolidated fiscal year.」
The company has reconfirmed that it transitioned from the consolidated taxation system to the group tax sharing system from the first quarter. - FY2023-Q1AdvancedAnnual report
「The Company and certain domestic consolidated subsidiaries transitioned from the consolidated tax payment system to the group relief system from the first quarter of the fiscal year.」
The company implemented the transition from the consolidated taxation system to the group tax sharing system from the current quarter and applied the related accounting treatment and disclosures. - FY2022-Q3RestatedAnnual report
「The company and certain consolidated subsidiaries account for deferred tax assets and deferred tax liabilities based on the provisions of the tax laws before amendment, pursuant to Paragraph 3 of the Practical Solution on the Application of Tax Effect Accounting Associated with the Transition from the Consolidated Taxation System to the Group Tax Sharing System, with respect to the transition to the group tax sharing system established under the Act Partially Amending the Income Tax Act and Other Acts (Act No. 8 of 2020) and items for which the standalone taxation system was revised in connection with that transition. They do not apply Paragraph 44 of the Implementation Guidance on Accounting Standard for Tax Effect Accounting (ASBJ Guidance No. 28, 16 February 2018).」
Following the transition to the group tax sharing system, the company has reconfirmed its policy of accounting for deferred tax assets and liabilities based on the tax laws before amendment. - FY2022-Q1First statedAnnual report
「The company and certain consolidated subsidiaries account for deferred tax assets and deferred tax liabilities based on the provisions of the tax laws before amendment, pursuant to Paragraph 3 of the Practical Solution on the Application of Tax Effect Accounting Associated with the Transition from the Consolidated Taxation System to the Group Tax Sharing System, with respect to the transition to the group tax sharing system established under the Act Partially Amending the Income Tax Act and Other Acts (Act No. 8 of 2020) and items for which the standalone taxation system was revised in connection with that transition.」
For tax effect accounting associated with the transition to the group tax sharing system, the company is applying accounting treatment based on the tax laws before amendment.