icon-grid
Better Regulation logo
Table of Contents

Table of Contents

Expand all headings Collapse all headings Expand side bar Collapse side bar
IAS 12: Income TaxesScope (paras. 1-4A)Definitions (paras. 5-11)Recognition of current tax liabilities and current tax assets (paras. 12-14)Recognition of deferred tax liabilities and deferred tax assets (paras. 15-45)Measurement (paras. 46-56)Recognition of current and deferred tax (paras. 57-68C)Presentation (paras. 69-78)Disclosure (paras. 79-88D)Effective date (paras. 89-98N)Withdrawal of SIC-21 (para. 99)Approval by the Board of Deferred Tax: Recovery of Underlying Assets (Amendments to IAS 12) issued in December 2010Approval by the Board of Recognition of Deferred Tax Assets for Unrealised Losses (Amendments to IAS 12) issued in January 2016Approval by the Board of Deferred Tax related to Assets and Liabilities arising from a Single Transaction issued in May 2021IAS 12: Basis for ConclusionsIntroduction (paras. BC1-BC4)Recovery of revalued non-depreciable assets (paras. BC5-BC7)Recovery of investment properties (paras. BC8-BC28)Reason for the exception (paras. BC8-BC12)Scope of the exception (paras. BC13-BC18)Measurement basis (paras. BC19-B26)Assessment of deferred tax assets (paras. BC27-BC28)The costs and benefits of the amendments to IAS 12 (paras. BC29-BC32)Transition and effective date (paras. BC33-BC36)BC33-BC35First‑time adoption of IFRSs (para. BC36)Recognition of Deferred Tax Assets for Unrealised Losses (2016 amendments) (paras. BC37-BC62)BC37-BC38Existence of a deductible temporary difference (paras. BC39-BC45)Recovering an asset for more than its carrying amount (paras. BC46-BC54)Probable future taxable profit against which deductible temporary differences are assessed for utilisation (paras. BC55-BC56)Combined versus separate assessment (paras. BC57-BC59)Transition (paras. BC60-BC62)Income tax consequences of payments on financial instruments classified as equity (amendments issued in December 2017) (paras. BC63-BC70)BC63-BC69 Transition (para. BC70)Deferred Tax related to Assets and Liabilities arising from a Single Transaction (2021 amendments) (paras. BC71-BC95)BC71-BC73Background (paras. BC74-BC79)Narrowing the scope of the recognition exemption (paras. BC80-BC88)Other considerations (paras. BC89-BC91)Effect analysis (para. BC92)Transition (paras. BC93-BC95)International Tax Reform - Pillar Two Model Rules (2023 amendments) (paras. BC96–BC117)BC96Background (paras. BC97-BC99)Temporary exception to deferred tax accounting (paras. BC100-BC106)Disclosures (paras. BC107-BC114)Effects analysis (para. BC 115)Transition (paras. BC116-117)IAS 12: Illustrative Examples
Document Overview
Tools
Set a date to view the document
Text comparison options
Full text - Date 1 vs Date 2
Amendments requiring commencement - Current text vs Text requiring commencement
Draft proposed changes - Current text vs Text proposed by drafting documents
Coming soon: Any documents - Any document vs Another document at any date
Print / Export options
Current page
Whole document
Selected pages
Consolidated PDF of the entire document as of 4th January 2025
Export
Export line by line
Export provision to provision
Report template
Create report template
Alert me to changes
Manage alerts
Bookmarks
This page
This document
Manage bookmarks
Search within this document
View previous searches
Share
Get page link
Share via email application
PreviousNext

Transition and effective date (paras. BC33-BC36)

BC33-BC35
First‑time adoption of IFRSs (para. BC36)
PreviousNext