IAS 12 Income Tax Accounting under the Tax Consolidation System – Subsidiary Leaving the Group

Date recorded:


The issue concerns the recognition and measurement of tax assets and tax liabilities under the tax consolidation system where a wholly owned subsidiary leaves, or is expected to leave, the tax-consolidated group.


Decision not to add

April 2003



The IFRIC noted that this issue was relevant only to separate (rather than consolidated) financial statements, and that it would be difficult to provide guidance that could be applied consistently by entities, given that tax laws in each jurisdiction are different. For these reasons, the IFRIC agreed not to add this issue onto the agenda.


IFRIC reference: IAS 12

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