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IFRS in Focus — IASB issues exposure draft on deferred tax: recovery of underlying assets

Published on: Sep 30, 2010

On September 10, 2010, the International Accounting Standards Board (IASB) published ED/2010/11 Deferred Tax: Recovery of Underlying Assets (Proposed Amendments to IAS 12).  This ED would provide an exception to the general principle in IAS 12 Income Taxes that the measurement of deferred tax assets and deferred tax liabilities should reflect the tax consequences that would follow from the manner in which the entity expects to recover the carrying amount of the asset.


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