In April 2001 the International Accounting Standards Board (Board) adopted IAS 12 Income Taxes, which had originally been issued by the International Accounting Standards Committee …

IAS 12 sets out the accounting for current and deferred tax. Current tax liabilities and assets are recognised for current and prior period taxes, measured at the rates that have been enacted or …

IAS 12: Income Taxes is part of the International Accounting Standards (IAS) and International Financial Reporting Standards (IFRS). IAS 12 sets the accounting treatment of all taxable …

Here we look at specific requirements in IAS 12 Income Taxes – i.e. taxes based on taxable profits. These materials contain both general and topic-specific guidance, providing insights …

IAS 12 prescribes the accounting treatment for income taxes, including how to account for the current and future tax consequences of assets, liabilities and transactions recognised in the …

This course helps you understand what exactly deferred taxes are, when they arise, how current and future income taxes are recognised and measured, how taxes are presented and which …

IAS 12 Accounting Standards and Income Taxes is a crucial aspect of financial reporting that helps businesses accurately reflect their tax obligations. The standard requires companies to …

Measure the asset/liability using the tax rates that are enacted or substantially enacted at the reporting date.

IAS 12 applies the principle that the measurement of deferred tax liabilities and deferred tax assets should reflect the tax consequences that would follow from the manner in which the …

In January 2016 the Board issued Recognition of Deferred Tax Assets for Unrealised Losses (Amendments to IAS 12) to clarify the requirements on recognition of deferred tax assets …