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Version date: 7 May 2021 - onwards
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Effect analysis (para. BC92)

BC92 The Board concluded that the expected benefits of the amendments outweigh the costs because:

(a) the amendments will reduce diversity in the reporting of transactions such as leases and decommissioning obligations and align the accounting for deferred tax on such transactions with the general principle in IAS 12 of recognising deferred tax for temporary differences; and

(b) concerns about the costs of applying the draft amendments related mainly to the application of the capping proposal (see paragraph BC84(b)). The Board's decision to remove the capping proposal addressed most of those concerns.

Comparing proposed amendment...