Tax Effect Accounting Following the Transition to the Group Tax Sharing System
First written in FY2022-Q1. 1 of 2 entries say "Advanced", first in FY2023-Q1. Latest entry: FY2023-Q1.
The whole theme swung hardest in 2025: 1 of 12 companies on the "Worse" side.
- FY2023-Q1AdvancedAnnual 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 company implemented the transition to the group relief system from the beginning of the current first quarter of the consolidated fiscal year and is accounting for the related corporate taxes and tax-effect accounting in accordance with Practical Solution No. 42. - FY2022-Q1First statedAnnual report
「For items relating to the transition to the group aggregation system established under the Act Partially Amending the Income Tax Act and Other Acts (Act No. 8 of 2020), and to revisions to the single-company taxation system made in conjunction with that transition, we apply the treatment set out in Paragraph 3 of Practical Solution No. 39, Accounting Treatment for the Application of Tax Effect Accounting Related to the Transition from the Consolidated Taxation System to the Group Aggregation System, without applying Paragraph 44 of the Guidance on Recoverability of Deferred Tax Assets. Accordingly, deferred tax assets and deferred tax liabilities are calculated based on the provisions of the tax laws before amendment.」
For tax-effect accounting associated with the transition to the group relief system, the company describes the treatment of calculating deferred tax assets and liabilities using the provisions of the tax laws before amendment.