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IASB publishes proposed amendments to IAS 12

  • IASB document Image

Jul 17, 2019

The IASB has published an exposure draft (ED), “Deferred Tax Related to Assets and Liabilities Arising From a Single Transaction — proposed amendments to IAS 12.”

Under the proposed amendments, the initial recognition exemption would not apply to transactions in which both deductible and taxable temporary differences arise on initial recognition and result in the recognition of deferred tax assets and liabilities in the same amount.

Comments on the ED are due by November 14, 2019. For more information, see the press release, ED, and In Brief overview on the IASB’s Web site.

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