The implementation of the GloBE rules raises a number of accounting questions. In particular, whether these taxes are income taxes in the scope of IAS 12 Income tax and, if so, when and how entities should account for these new taxes.
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EY refers to the global organization, and may refer to one or more, of the member firms of Ernst & Young Global Limited, each of which is a separate legal entity. Ernst & Young Global Limited, a UK company limited by guarantee, does not provide services to clients. For more information about our organization, please visit ey.com.
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This material has been prepared for general informational purposes only and is not intended to be relied upon as accounting, tax, or other professional advice. Please refer to your advisors for specific advice.
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