AcSB Exposure Draft: International Tax Reform – Pillar Two Model Rules (Amendments to IAS 12)

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Jan 24, 2023

On January 24, 2023, the Ac­count­ing Stan­dards Board (AcSB) has issued an Exposure Draft, entitled “International Tax Reform – Pillar Two Model Rules (Amendments to IAS 12)”. Comments are requested by March 10, 2023.

The AcSB Exposure Draft is similar to the Exposure Draft of the same name recently issued by the IASB, and reflects proposals made by the IASB that the AcSB intends to adopt, subject to deliberating comments received, as Canadian generally accepted accounting principles.

The AcSB encourages Canadian stakeholders to respond to the IASB on its Exposure Draft. Specific questions on which the IASB would like input are provided in the Invitation to Comment in its Exposure Draft. The AcSB requests that comment letters be sent directly to the IASB with a copy to the AcSB. Comments to the IASB are due by March 10, 2023. Responses to the AcSB on its Exposure Draft are due on the same date.

Re­view the Exposure Draft  on the AcSB's web­site.

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