21. October 2015

IFRIC publishes Draft Interpretation on IAS 12

The IFRS Interpretations Committee publishes the draft interpretation DI/2015/1 Uncertainty over Income Tax Treatments on IAS 12.

The draft interpretation targets providing guidance on accounting for current and deferred tax liabilities and assets in circumstances in which there is uncertainty over income tax treatments. This may affect taxable profit/loss, tax bases, tax credits or tax rates that are used to recognise and measure tax liabilities/assets in accordance with IAS 12.

The IASB requests comments on the proposals electronically on www.ifrs.org (‘Comment on a Proposal’) by 19 January 2016. (IASB Press Release)