Release of the revised Q&A on Tax Effect Accounting (related to Accounting Standard for Retirement Benefits)

On February 7, 2013, the Japanese Institute of Certified Public Accountant (JICPA) released the revised Q&A on Tax Effect Accounting.

The revised Q&A addresses issues regarding tax effect accounting along with application of new accounting standards - ASBJ Statement No. 26 Accounting Standard for Retirement Benefits and its Implementation Guidance.