Draft Interpretation and comment letters—Uncertainty over Income Tax Treatments

 

The IFRS Interpretations Committee (‘Interpretations Committee’) has published for public comment a proposed Interpretation giving guidance on how uncertainty over income tax treatments should affect the accounting for income taxes.

Interpretations form part of the authoritative International Financial Reporting Standards (IFRS) requirements. They are developed by the Interpretations Committee, which works with the International Accounting Standards Board (IASB) to provide guidance on specific implementation issues, helping those using IFRS and supporting consistency in application.

IAS 12 Income Taxes provides requirements on the recognition and measurement of current or deferred tax liabilities or assets, but does not provide specific guidance for how uncertainty about a tax treatment should be reflected in the accounting for income tax. Consequently, the Interpretations Committee proposes an Interpretation to provide that guidance.

The Draft IFRIC Interpretation was open for comment until 19 January 2016.

 

Comment letters are public and all comment letters received on the due process document can be accessed below.

If you have trouble finding a specific comment letter, please contact us.

Access individual comment letters in the table below or download all letters as zip file.

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