Deloitte comment letter on the proposed amendments to the IFRS for SMEs regarding the OECD pillar two model rules

Published on: 12 Jul 2023

We have commented on the IASB's exposure draft 'International Tax Reform — Pillar Two Model Rules (Proposed amendments to the 'IFRS for SMEs' Standard)'.

We do not believe that the amendment proposed regarding “transactions and other events” is necessary as it is already understood that these include enactment or substantive enactment of tax rates and laws. In addition, we see potential confusion between the proposed prospective and retrospective application of some requirements for first-time adopters.

Please click to download the full comment letter below.

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