IFRIC 23 Uncertainty over Income Tax Treatments

Last Updated on 12/02/2020 by 75385885

IFRIC 23 Uncertainty over Income Tax Treatments

References IFRIC 23 Uncertainty over Income Tax Treatments

Background

1 IAS 12 Income Taxes specifies requirements for current and deferred tax assets and liabilities. An entity applies the requirements in IAS 12 based on applicable tax laws.

2 It may be unclear how tax law applies to a particular transaction or circumstance. The acceptability of a particular tax treatment under tax law may not be known until the relevant taxation authority or a court takes a decision in the future. Read more