SIC-25 Income Taxes—Changes in the Tax Status of an Entity or its Shareholders

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Standard 2021 Issued
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SIC-25 clarifies that an entity recognises the current and deferred tax consequences of the change in the tax status of the entity or its shareholders in profit or loss in the period the change occurs. Those consequences are not recognised directly in shareholders’ equity.

Standard history

In April 2001 the International Accounting Standards Board adopted SIC‑25 Income Taxes—Changes in the Tax Status of an Entity or its Shareholders, which had originally been issued by the Standing Interpretations Committee of the International Accounting Standards Committee in July 2000.

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