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IFRS Interpretations Committee publishes draft interpretation on accounting for uncertainties in income taxes

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Oct 21, 2015

On October 21, 2015, the International Accounting Standards Board's (IASB) IFRS Interpretations Committee published a draft interpretation "Uncertainty over Income Tax Treatments". Comments are requested by January 19, 2016.

The IFRS Interpretations Committee observed diversity in practice regarding the recognition and measurement of current tax, deferred tax liabilities and deferred tax assets as defined by paragraph 5 of IAS 12, Income Taxes, when there are uncertainties in the amount of income tax payable (recoverable). As a consequence, the Interpretations Committee decided to develop an interpretation to provide guidance.

Review the press release and draft interpretation on the IASB's Web Site.

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