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IASB Confirms Temporary Relief from Deferred Tax Accounting for OECD Pillar 2 Taxes

13 April 2023

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Approved Changes

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International Accounting Standards Board-OECD

The International Financial Reporting Standards (IFRS) Foundation has announced] that the International Accounting Standards Board (IASB) has decided to finalize temporary relief from deferred tax accounting for OECD Pillar 2 Taxes. The final amendments are to be issued by the end of May 2023. --- IASB confirms temporary relief from deferred tax accounting following OECD Pillar Two tax reform The International Accounting Standards Board (IASB) has decided today to finalise amendments to IAS 12 Income Taxes following the Pillar Two model rules published by the Organisation for Economic Co-operation and Development (OECD). https://www.ifrs.org/content/ifrs/home/news-and-events/calendar/2023/april/supplementary-iasb-meeting.html The amendments, approved in a special supplementary...