IAS 12 Asset revaluation
Date recorded:
Issue
The IFRIC discussed whether to address if changes in the fair value of assets give rise to taxable temporary differences and deferred tax liabilities under IAS 12 Income Taxes.
Decision not to add
February 2002
Reason
The IFRIC decided not to take this item onto its agenda because IAS 12 provides sufficient guidance.
IFRIC reference: IAS 12
