Recognition of Deferred Tax Assets for Unrealized Losses (Proposed Amendments to IAS 12) - IASB

Date recorded:

At its meeting on July 22, 2015, the IASB reviewed the due process steps undertaken in completing the narrow-scope amendments to IAS 12 on the recognition of deferred tax assets for unrealised losses.

All IASB members agreed that:

  1. the amendments to IAS 12 should be finalised without re-exposure;
  2. the effective date of the amendments should be January 1, 2017 and earlier application should be permitted; and
  3. the due process requirements to date have been complied with.

The IASB plans to issue the final amendments to IAS 12 in Q4 of 2015.

Review the IASB Update

Related Topics

Correction list for hyphenation

These words serve as exceptions. Once entered, they are only hyphenated at the specified hyphenation points. Each word should be on a separate line.