Revised Exposure Draft and comment letters—Recognition of Deferred Tax Assets for Unrealised Losses (Amendments to IAS 12)

 

The International Accounting Standards Board (IASB)  published proposed amendments to IAS 12 Income Taxes on 20th August 2014.

IAS 12 addresses the accounting for income taxes, including deferred tax assets.  The amendments published propose guidance that clarifies how to account for deferred tax assets related to debt instruments measured at fair value. 

The draft amendments are proposed in response to diversity in practice and are relevant in circumstances in which the entity reports tax losses.

The issue originated from a submission to the IFRS Interpretations Committee (the ‘Interpretations Committee’).  In response, the Interpretations Committee recommended that the IASB should amend IAS 12.

Comment letter deadline

The Exposure Draft was open for comment until 18 December 2014.


 

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.

ID Submitter

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