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IAS 12 — Items not added to the agenda

Background

This page presents a summary of items not added to the IFRS Interpretations Committee's agenda in relation to IAS 12 Income Taxes together with the Committee's public explanation of the reasons for not adding those items to its agenda.

Related Discussions

  • IAS 1 and IAS 12 — Presentation of payments on non-income taxes

  • Jul 10, 2012

  • The IFRS Interpretations Committee received a request seeking clarification of whether production-based royalty payments payable to one taxation authority that are claimed as an allowance against taxable profit for the computation of income tax payable to another taxation authority should be presented as an operating expense or a tax expense in the statement of comprehensive income.

  • IAS 12 — Rebuttable presumption to determine the manner of recovery

  • Nov 03, 2011

  • Paragraph 51C of IAS 12 contains a rebuttable presumption, for the purposes of recognising deferred tax, that the carrying amount of an investment property measured at fair value will be recovered through sale. The Committee received a request to clarify whether that presumption can be rebutted in cases other than the case described in paragraph 51C.

  • IAS 12 — Classification of tonnage taxes

  • May 07, 2009

  • The IFRIC received a request for guidance on whether a tax based on tonnage capacity can be considered an income tax in accordance with IAS 12. The IFRIC noted that the term ‘tonnage tax’ is applied to a variety of tax regimes. In some jurisdictions, shipping companies are permitted to choose to be taxed on the basis of tonnage transported, tonnage capacity or a notional profit instead of the standard corporate income tax regulations.

  • IAS 12 — Deferred tax arising from unremitted foreign earnings

  • Jul 12, 2007

  • The IFRIC was asked to provide guidance on whether entities should recognise a deferred tax liability in respect of temporary differences arising because foreign income is not taxable unless remitted to the entity’s home jurisdiction. The foreign income in question did not arise in a foreign subsidiary, associate or joint venture.

  • IAS 12 — Scope

  • Mar 02, 2006

  • The IFRIC considered whether to give guidance on which taxes are within the scope of IAS 12.

  • IAS 12 — Single asset entities

  • Nov 03, 2005

  • The IFRIC considered the application of IAS 12 to single asset entities, and whether the expected manner of recovery of the asset should in any circumstances reflect disposal of the entity rather than the asset.

  • IAS 12 — Non-amortisable intangible assets

  • Aug 01, 2005

  • The IFRIC considered whether to develop guidance on various issues arising from the application of IAS 12 'Income Taxes' to non-amortised intangible assets, including the question of what tax rate should be applied to calculate deferred tax on intangible assets that are no longer to be amortised because of changes to accounting standards.

  • IAS 12 — Carryforward of unused tax losses and tax credits

  • Jun 02, 2005

  • The IFRIC considered whether to provide guidance on how to apply the probability criterion for the recognition of deferred tax assets arising from the carryforward of unused tax losses and unused tax credits, and in particular whether the criterion should be applied to the amount of unused tax losses or unused tax credits taken as a whole or to portions of the total amount.

All Related