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Annual Improvements to IFRSs 2015-2017 Cycle - IASB

Date recorded:

At its meeting on June 20-22, 2016, the IASB discussed a recommendation from the IFRIC to clarify IAS 12, Income Taxes.  The Board agreed with the Committee’s conclusion that an entity should apply the presentation requirements in paragraph 52B beyond the circumstances described in paragraph 52A of IAS 12, i.e., an entity should apply those presentation requirements to all income tax consequences of dividends. The Board tentatively decided: (i) to include this proposed amendment in the next cycle of Annual Improvements (2015–2017); and (ii) that an entity should apply the proposed amendment retrospectively and that early application should be permitted.

Review the IASB Update on the IASB's Web site.

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.