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Tuesday 21 April 2015

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IFRS Interpretations Committee recommends approach for clarification

 15 May 2013

The IFRS Interpretations Committee decided to recommend to the IASB that it should amend IAS 12 to clarify that deferred tax assets for unrealised losses on debt instruments are recognised, unless recovering the debt instrument by holding it until an unrealised loss reverses does not reduce future tax payments and instead only avoids higher tax losses.