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Friday 25 July 2014

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


 Work in progress

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

The Interpretations Committee discussed a request for guidance on the recognition of a tax asset in the situation in which tax laws require an entity to make an immediate payment when a tax examination results in an additional charge, even if the entity intends to appeal against the charge, because it expects, but is not certain, to recover some or all of that cash.

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