The IFRS interpretations committee of the International Accounting Standards Board has issued a draft interpretation on IAS 12, specifying how to reflect the effects of uncertainty in accounting for income taxes.
The IFRS interpretations committee of the International Accounting Standards Board has issued a draft interpretation on IAS 12, specifying how to reflect the effects of uncertainty in accounting for income taxes.
IFRIC 23 ‘Uncertainty over income tax treatments’ sets out new requirements, adding to those in in IAS 12 ‘Income taxes’, which aim to reduce diversity in how companies recognise and measure a tax liability or tax asset when there is uncertainty over income tax treatments. IAS 12 specifies how to account for current and deferred tax, but not how to reflect the effects of uncertainty.
The new interpretation will be effective from 1 January 2019. See http://bit.ly/2sq10nE.
The IFRS interpretations committee of the International Accounting Standards Board has issued a draft interpretation on IAS 12, specifying how to reflect the effects of uncertainty in accounting for income taxes.
The IFRS interpretations committee of the International Accounting Standards Board has issued a draft interpretation on IAS 12, specifying how to reflect the effects of uncertainty in accounting for income taxes.
IFRIC 23 ‘Uncertainty over income tax treatments’ sets out new requirements, adding to those in in IAS 12 ‘Income taxes’, which aim to reduce diversity in how companies recognise and measure a tax liability or tax asset when there is uncertainty over income tax treatments. IAS 12 specifies how to account for current and deferred tax, but not how to reflect the effects of uncertainty.
The new interpretation will be effective from 1 January 2019. See http://bit.ly/2sq10nE.
