IAS 12 — Selection of applicable tax rate for measurement of deferred tax relating to investment in associate

Date recorded:

The Visiting Fellow reminded the Committee that in November 2014 they had discussed the issue. On this basis, the Committee had published a tentative agenda decision. The tentative agenda decision was based on the fact that IAS 12 stated that an entity should measure deferred tax liabilities and deferred tax assets using the tax rate and tax base that were consistent with the expected manner of the recovery or settlement. The Committee had subsequently received one comment letter. The respondent supported the tentative agenda decision. Staff therefore recommended finalising the agenda decision with minor editorial changes.

When called to vote by the Chairman, all Committee members were in favour of finalising the agenda decision with the editorial changes.

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