ASBJ Releases Exposure Draft of Proposed Amendments to the Accounting Standard for Current Income Taxes, etc. 

The Accounting Standards Board of Japan (ASBJ) has today released for public comment the following documents:

• Exposure Draft of Statement No. 94, Proposed Amendments to ASBJ Statement No. 27, Accounting Standard for Current Income Taxes
• Exposure Draft of Implementation Guidance No. 94, Proposed Amendments to ASBJ Implementation Guidance No. 28, Implementation Guidance on Accounting Standard for Tax Effect Accounting
• Exposure Draft of Practical Solution No. 73, Proposed Amendments to ASBJ Practical Solution No. 42, Practical Solution on Accounting and Disclosure Under the Group Tax Sharing System
• Exposure Draft of Transferred Guidance No. 19, Proposed Amendments to ASBJ Transferred Guidance No. 6, Practical Guidelines on Preparation of Cash Flow Statements in Consolidated Financial Statements
• Exposure Draft of Statement No. 95, Proposed Partial Amendments to the Accounting Standard for Tax Effect Accounting (Part X)
• Exposure Draft of Statement No. 96, Proposed Partial Amendments to the Accounting Standard for Preparing Consolidated Statements of Cash Flows (Part X)
• Exposure Draft of Supplementary Document on Treatments of Taxes Based on Taxable Profits in Japan and Tax Rates Used in Tax Effect Accounting 

 

The comment deadline is March 9, 2026.

The documents are available only in the Japanese language.