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IAS 12 and IFRIC 23 developments
EY professionals explore the requirements and impacts of the amendments to IAS 12 Income Taxes and IFRIC 23 Uncertainty over Income Tax Treatments.
In January 2016, the International Accounting Standards Board (IASB) issued amendments to IAS 12 Recognition of Deferred Tax Assets for Unrealised Losses to clarify the accounting for deferred tax assets for unrealised losses on debt instruments measured at fair value. The amendments are intended to remove existing divergence in practice in recognizing deferred tax assets for unrealised losses.
In June 2017, the IASB issued IFRIC 23 Uncertainty over Income Tax Treatments, which interprets the requirements of IAS 12 Income Taxes. With IFRIC 23, the IASB sought to address key concerns related to the accounting for uncertain tax positions.
Join a panel of EY professionals as they explore the requirements and impacts of:
- Amendments to IAS 12 Recognition of Deferred Tax Assets for Unrealised Losses
- IFRIC 23 Uncertainty over Income Tax Treatments and an agenda decision on Interest and penalties related to income taxes