ECONOMY - FINANCE - BUSINESS / Taxation

IASB publishes amendments on accounting for deferred taxes following OECD agreement

Brussels, 23/05/2023 (Agence Europe)

The International Accounting Standards Board (IASB) published on Tuesday 23 May amendments to accounting standard ‘IAS 12’, in accordance with the rules of the second pillar model issued by the Organisation for Economic Co-operation and Development (OECD). In April, the IASB confirmed its intention to amend this standard in order to avoid companies having to recognise deferred taxes resulting from the implementation of the Pillar Two model rules (see EUROPE B13160A16).

This temporary...