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Friday 22 August 2014

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IFRS Interpretations Committee

Financial Instruments: Presentation-Tax effect of distribution to holders of equity instruments


 Narrow scope amendments (Annual Improvements)

IAS 32 Financial Instruments: Presentation: Tax effect of distribution to holders of equity instruments

The objective of this project is to resolve perceived inconsistencies between IAS 12 Income Taxes and IAS 32 with regard to recognising the consequences of income tax relating to distributions to holders of an equity instrument and to transaction costs of an equity transaction.

Project stages

Deliberations

Issued documents

Exposure Draft published on 22 June 2011
Annual Improvements to IFRSs 2009-2011 Cycle issued on 17 May 2012