IAS 12 — Deferred tax arising from unremitted overseas earnings

Date recorded:

The IFRIC discussed whether it should provide guidance about how an entity should account for potential deferred tax liabilities arising from temporary differences created by income that is earned in a foreign jurisdiction but is not taxable until it is remitted to the entity's home jurisdiction.

The IFRIC noted that the issue is being considered as part of the IASB's project on Income taxes, for which an Exposure Draft is expected soon. Consequently, The IFRIC reached a tentative decision not to add this item to its Agenda.

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