Accounting Standards Board The Institute of Chartered Accountants of India 2nd June, 2023 |
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Exposure Draft on International Tax Reform—Pillar Two Model Rules—Proposed Amendments to the IFRS for SMEs Standard |
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The International Accounting Standards Board (IASB) has proposed amendments to the IFRS for SMEs Standard to align with similar amendments to IAS 12, Income Taxes. Accordingly, the IASB has issued the following Exposure Draft for public comments:
The proposed amendments aim to provide temporary relief from requirements to recognise and disclose information about deferred tax assets and liabilities arising from the imminent implementation of the Pillar Two model rules published by the Organisation for Economic Co-operation and Development (OECD). |
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Further clarifications on this Exposure Draft may be sought by e-mail to asb@icai.in |