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IASB publishes IFRIC 23 on uncertain income tax treatments

  • IASB document Image

Jun 07, 2017

The IASB has published IFRIC 23, “Uncertainty Over Income Tax Treatments,” which clarifies how to apply the recognition and measurement requirements in IAS 12, “Income Taxes,” when there is uncertainty regarding income tax treatments.

Topics addressed in IFRIC 23 include:

  • “[W]hether an entity considers uncertain tax treatments separately.”
  • “[T]he assumptions an entity makes about the examination of tax treatments by taxation authorities.”
  • “[H]ow an entity determines taxable profit (tax loss), tax bases, unused tax losses, unused tax credits and tax rates.”
  • “[H]ow an entity considers changes in facts and circumstances.”

IFRIC 23 is effective for annual reporting periods beginning on or after January 1, 2019. Earlier application is permitted.

For more information, see the related IAS Plus newsletter as well as the press release on the IASB’s Web site. IFRIC 23 is available on the IASB’s eIFRS Web site (subscription required).

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