After its 2011 Agenda Consultation, the Board included in its research programme a project that investigated the causes of problems faced by preparers and users of financial statements that arise in applying IAS 12. It also assessed whether, and if so how, the Board should consider addressing those issues.
Following feedback from the 2015 Agenda Consultation and a review of the research findings, the Board decided in May 2016:
- not to develop a replacement to, or amendment of, IAS 12 Income Taxes; and
- not to carry out further research in this area.