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Friday 31 October 2014

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IFRS Interpretations Committee

Income Taxes: Threshold of recognition of an asset in the situation in which the tax position is uncertain


 Agenda decision

IAS 12 Income Taxes: Recognition of an asset in the situation in which the tax position is uncertain

The issue is whether IAS 12 Income Taxes or IAS 37 Provisions, Contingent Liabilities and Contingent Assets should be applied to determine whether to recognise an asset in the situation in which tax position is uncertain.

Project stages

Deliberations

The Interpretations Committee decided to remove the issue from its agenda and finalised a tentative agenda decision at its July 2014 meeting.