The Accounting Standards Board of Japan (ASBJ) has today issued the revised PITF No.5 (revised 2010) Practical Solution on Tentative Treatment of Tax Effect Accounting Under Consolidated Taxation System (Part 1) and revised PITF No.7 (revised 2010) Practical Solution on Tentative Treatment of Tax Effect Accounting Under Consolidated Taxation System (Part 2).
The purpose of this amendment is mainly to clarify accounting treatments related to FY2010 Tax Reform.
The documents are available in Japanese only.