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IAS 12 – Threshold of recognition of an asset on uncertain tax position

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Accounting considerations related to COVID-19 — Government assistance
18 May 2020
Certain government assistance may be offered in various ways. For example, reimbursement of expenses, reduction of income taxes, or investment tax credits. As a first step in accounting for the various measures offered by a government is determining whether they should be accounted for by applying IAS 20 'Accounting for Government Grants and Disclosure of Government Assistance' or IAS 12 'Income Taxes'.
Deloitte comment letter on tentative agenda decision on IAS 12 — Multiple tax consequences of recovering an asset
14 Feb 2020
We have commented on the IFRS Interpretations Committee's publication in the November 2019 IFRIC Update of the tentative decision not to take onto the Committee's agenda the request for clarification on the determination of the tax base of an asset and the accounting for the related deferred tax when the recovery of the carrying amount of an asset gives rise to multiple tax consequences.
Deloitte comment letter on the IASB's proposed amendments to IAS 12
14 Nov 2019
We have responded to the IASB exposure draft, "Deferred Tax related to Assets and Liabilities arising from a Single Transaction," which was published by the IASB in July 2019 to clarify how companies account for deferred tax on leases and decommissioning obligations.
Need to Know - IASB proposes amendments to IAS 12 'Income Taxes'
23 Jul 2019
This Need to Know addresses the proposed amendments to IAS 12 Income Taxes set out in Exposure Draft ED/2019/5 'Deferred Tax related to Assets and Liabilities arising from a Single Transaction (Proposed amendments to IAS 12) that has been published by the International Accounting Standards Board (IASB) in July 2019.
EFRAG endorsement status report 14 January 2019
15 Jan 2019
The endorsement status report has been updated to reflect that EFRAG has published draft endorsement advice on 'Definition of a Business (Amendments to IFRS 3)'. Final endorsement advice ist expected in Q1 2019.
EFRAG endorsement status report 21 March 2018
21 Mar 2018
The endorsement status report has been updated to reflect that EFRAG has completed its due process regarding the IASB's 'Annual Improvements to IFRS Standards 2015–2017 Cycle' and has submitted its endorsement advice letter to the European Commission. EFRAG has also published draft endorsement advice on 'Plan Amendment, Curtailment or Settlement (Amendments to IAS 19)'.
Need to know — IASB publishes 'Annual Improvements to IFRS Standards 2015-2017 Cycle
21 Mar 2018
This issue discusses the IASB's amendments resulting from the 2015-2017 annual improvements cycle. The amendments affect four standards: IFRS 3, IFRS 11, IAS 12 and IAS 23.
IFRS in Focus — IASB publishes 'Annual Improvements to IFRS Standards 2015–2017 Cycle'
01 Mar 2018
This issue discusses the IASB's amendments resulting from the 2015-2017 annual improvements cycle. The amendments affect four standards: IFRS 3, IFRS 11, IAS 12 and IAS 23.
Need to know — Accounting for the effects of the U.S. tax reform legislation
29 Jan 2018
On 22 December 2017, the U.S. tax legislation commonly known as the Tax Cuts and Jobs Act was signed into law by the president. As a result, recognition of the tax effects of the Act is required in the interim and annual periods that include 22 December 2017. This newsletter looks at the accounting for the effects of the Act under IAS 12 Income Taxes and the implications for FRS 101 and FRS 102.
EFRAG endorsement status report 15 December 2017
15 Dec 2017
The endorsement status report has been updated to reflect that the IASB has issued 'Annual Improvements to IFRS Standards 2015-2017 Cycle' and that EFRAG has published draft endorsement advice on 'Long-term Interests in Associates and Joint Ventures (Amendments to IAS 28)'.

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