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CPA Canada Reporting alert: IFRIC 21 Levies

Published on: Feb 28, 2014

CPA Canada Financial Reporting Alert - IFRIC 21 explains the Interpretation IFRIC 21 Levies by:

  • highlighting the basic requirements of IFRIC 21
  • considering possible business implications
  • suggesting an action plan to implement the interpretation

Learn when to recognize a liability for a levy imposed by a government for:

  • levies accounted for in accordance with IAS 37 Provisions, Contingent Liabilities and Contingent Assets
  • levies where the timing and amount is certain


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Correction list for hyphenation

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