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EFRAG draft comment letter on DI/2015/1

  • EFRAG (European Financial Reporting Advisory Group) (dk green) Image

17 Nov 2015

The European Financial Reporting Advisory Group (EFRAG) has issued a draft comment letter on IFRS Interpretations Committee exposure draft DI/2015/1 'Uncertainty over Income Tax Treatments'.

In its draft comment letter, EFRAG agrees the guidance proposed in the draft in­ter­pre­ta­tion will help reduce the inconsistencies in the accounting for uncertain income tax treatments when determining taxable profits, tax bases, unused tax losses, and tax rates. However, the EFRAG believes that the proposal may create an inconsistency between uncertainties in income tax treatments and those related to other types of tax or similar positions.

Comments are requested by 13 January 2016. For more information, see the press release and the draft comment letter on the EFRAG website.

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