IASB Amends Tax Accounting Requirements to Help Companies Respond to International Tax Reform

The International Financial Reporting Standards (IFRS) Foundation has announced the issuance of amendments by the International Accounting Standards Board (IASB) to IAS 12 Income Taxes, providing temporary relief from accounting for deferred taxes arising from the OECD's international tax reform.

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

The International Accounting Standards Board (IASB) has today issued amendments to IAS 12 Income…