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 amendments that will provide timely relief for affected companies and will avoid inconsistent interpretations, and therefore inconsistent application, of IAS 12 while providing investors with useful information”, IASB Chairman Andreas Barckow said in a statement. The IASB’s proposals will be open for comment until 10 March, with a view to finalising them in the second quarter of 2023. To consult the proposal: https://aeur.eu/f/4tl (AD)