The UK Endorsement Board has announced the adoption of amendments to IAS 12 International Tax Reform: Pillar Two Model Rules.
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UKEB adopts International Tax Reform: Pillar Two Model Rules (Amendments to IAS 12)
Date: 19 July 2023
The UKEB has today adopted the Amendments to IAS 12 International Tax Reform: Pillar Two Model Rules, issued by the IASB in May 2023. The Amendments introduce a temporary mandatory exception from accounting for deferred taxes arising from the Pillar Two mod…