Global Standards for the world economy

Wednesday 17 July 2019

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The Board tentatively decided to clarify circumstances to which the presentation requirements in paragraph 52B of IAS 12 apply through an annual improvement

 22 June 2016


The Board discussed a recommendation from the Interpretations Committee to amend IAS 12 Income Taxes to clarify the circumstances to which the presentation requirements in paragraph 52B of IAS 12 apply. Specifically, the Board considered whether such requirements apply beyond the circumstances described in paragraph 52A of IAS 12.

The Board agreed with the Interpretations Committee’s conclusion that an entity should apply the presentation requirements in paragraph 52B beyond the circumstances described in paragraph 52A of IAS 12, ie an entity should apply those presentation requirements to all income tax consequences of dividends.

The Board also tentatively decided to include the proposed amendment in the next cycle of annual improvements (2015–2017). Additionally, the Board tentatively decided that an entity should apply the proposed amendment retrospectively and early application should be permitted.

All 14 Board members agreed with these decisions.

Next steps

The Board will consider the due process steps taken on the Exposure Draft Annual Improvements to IFRS 2015–2017 Cycle at a future Board meeting.