ASBJ Issues Revised Accounting Standard for Current Income Taxes, etc.

The Accounting Standards Board of Japan (ASBJ) has today issued the following guidances:

• ASBJ Statement No. 27 (revised), Accounting Standard for Current Income Taxes
• ASBJ Implementation Guidance No. 28 (revised), Implementation Guidance on Accounting Standard for Tax Effect Accounting
• ASBJ Practical Solution No. 42 (revised), Practical Solution on Accounting and Disclosure Under the Group Tax Sharing System
• ASBJ Transferred Guidance No. 6 (revised), Practical Guidelines on the Preparation of Cash Flow Statements in Consolidated Financial Statements
• ASBJ Statement No. 43, Partial Amendments to the Accounting Standard for Tax Effect Accounting (Part 3)
• ASBJ Statement No. 44, Partial Amendments to the Accounting Standard for Preparing Consolidated Statements of Cash Flows (Part 4)
• Supplementary Document on Treatments of Taxes Based on Taxable Profits in Japan and Tax Rates Used in Tax Effect Accounting

The documents are available only in the Japanese language.