EFRAG comment letter on DI/2015/1
12 Feb, 2016
The European Financial Reporting Advisory Group (EFRAG) has issued its comment letter on IFRS Interpretations Committee exposure draft DI/2015/1 'Uncertainty over Income Tax Treatments'.
In its comment letter, EFRAG agrees the guidance proposed in the draft interpretation “as it will remove the existing inconsistencies in accounting for uncertain tax treatments”.
However, the EFRAG also believes that the proposals “may, in certain circumstances, lead to accounting for uncertainties arising on other taxes or positions which may be viewed as economically similar to income taxes, on different bases”. EFRAG suggests that the International Accounting Standards Board (IASB) considers whether and how to address these differences.
The press release and full comment letter are available on the EFRAG website.
