Saturday 20 December 2014
The issue relates to measurement of current income tax when the tax position is uncertain.
The Interpretations Committee received a request to clarify the accounting for income tax assets and liabilities arising from uncertain tax positions (hereafter ‘UTPs’). It discussed the issue in January, May and July 2014 and noted that one of the principal issues in respect of UTPs is how to measure related assets and liabilities.
At its September 2014 meeting the Interpretations Committee discussed several aspects of measurement of income tax assets and liabilities relating to UTPs.
At its November 2014 meeting, the Interpretations Committee discussed:
The Interpretations Committee tentatively decided to develop a draft Interpretation, reflecting tentative decisions it had made at this meeting (for further details of the tentative decisions, see our November 2014 IFRIC Update).
The staff will present the draft Interpretation at a future meeting.
The Interpretations Committee tentatively decided to develop a draft Interpretation, reflecting tentative decisions it had made at this meeting.
The Interpretation Committee tentatively decided to proceed with this project, subject to further analysis and deliberations
The Interpretation Committee asked the staff to analyse the question of measurement of income tax in the situation in which tax position is uncertain
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