IASB amends tax accounting requirements to help companies respond to international tax reform

The International Accounting Standards Board (IASB) recently issued amendments to IAS 12 Income Taxes. The amendments give companies temporary relief from accounting for deferred taxes arising from the Organization for Economic Co-operation and Development (OECD) international tax reform.

IFRS digital subscribers, and IFRS digital and print subscribers may download the document from the following link:

https://www.ifrs.org/issued-standards/list-of-standards/#amendments-and-new-standards