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Australian Accounting Standards Board Provides Temporary Relief from Accounting for Deferred Taxes Arising from Pillar 2

|Approved Changes|Australia
Australia

Australian Accounting Standards Board (AASB) recently issued amendments to Australian Accounting Standards that provide temporary relief from accounting for deferred taxes arising from Pillar 2 of the OECD's international tax reform, as well as targeted disclosure requirements. The amendments arise from the issuance of amendments in May 2023 by the International Accounting Standards Board (IASB) to provide temporary relief from accounting for deferred taxes (previous coverage). The AASB has …

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