Income Taxes and Uncertain Tax Positions (IAS 12/AASB 112/IFRIC 23/Interpretation 23)

Corporate Reporting Insights

BDO's monthly newsletter, Corporate Reporting Insights, keeps you up to date with the latest Australian and global developments in corporate financial and sustainability reporting.

BDO Global IFRS Resources

The following publications have been produced by the BDO Global IFRS group:

► IFRS at a Glance

A high level overview of International Financial Reporting Standards (IFRSs), including International Accounting Standards and Interpretations.

• IAS 12 Income Taxes
• IFRIC 23 Uncertainty over Income Tax Treatments​
• SIC-25 Income Taxes – Changes in the Tax Status of an Entity or its Shareholders.

► IFR Bulletins

Focus on latest developments in international financial reporting.

• IASB issues amendments to IAS 12 – International Tax Reform – Pillar Two Model Rules (IFRB 2023 04)
• IASB publishes Exposure Draft International Tax Reform – Pillar Two Model Rules (IFRB 2023 02)
• Amendments to IAS 12 – Deferred tax related to assets and liabilities arising from a single transaction ​(IFRB 2021 10)
• Effects of climate-related matters on financial statements​ (IFRB 2020 14)​.

Webinars

BDO Australia conducts monthly complimentary webinars as an easy way to stay up to date with changes to accounting standards and other financial reporting developments. Recent webinars on this topic include:

• Tricks and traps of tax effect accounting (October 2023)
• ​More complex tax accounting​ (October 2021)
• The basics of tax accounting​ (September 2021).

IFRIC agenda decisions

IFRS Interpretations Committee (the Committee) agenda decisions are those issues that the Committee decided not to take onto its agenda. Although not authoritative guidance, in practice they are regarded as being highly persuasive, and all entities reporting under IFRS should be aware of these decisions because they could impact the way particular transactions and balances are accounted for. Agenda decisions on this topic include:

Frequently Asked Questions

FREQUENTLY ASKED QUESTIONS (FAQs) provide insights on a variety of IFRS topics. These FAQs incorporate BDO Global’s expertise as well as IFRS Interpretations Committee agenda decisions. Access to all FAQs on this topic can be accessed here. FAQs relating to IFRS Interpretations Committee agenda decisions can be accessed via IFRIC AGENDA DECISIONS. Other FAQs are listed individually below.

Online training resources

Improve your knowledge of accounting standards by purchasing our online training resources on a variety of financial reporting topics. Resources available on this topic include:

• A seminar – a pre-recorded two-hour webinar that provides a high-level overview of the accounting standard, as well as a question and answer case study booklet