NEWS BRIEFS / Accounting standards

IASB proposes temporary relief from deferred tax accounting

09/01/2023 (Agence Europe) – On Monday 9 January, the International Accounting Standards Board (IASB) proposed amendments to the international accounting standard ‘IAS 12’ on corporate income tax. The international body responsible for developing IAS/IFRS standards is therefore seeking to provide temporary relief from accounting for deferred taxes arising from the imminent implementation of the rules of the Pillar Two model as published by the OECD. “The IASB [...] has proposed...