Presentation of uncertain tax positions
The IFRS IC has published its definitive agenda decision on the classification and presentation of assets/liabilities arising from uncertain tax positions recognised by applying IFRIC 23, in the September issue of IFRIC Update.
Keywords: Mazars, Thailand, IFRS, IFRIC, IFRS IC, IAS 12, IAS 1, Income Taxes, Financial Statements
25 November 2019
Assets or liabilities related to uncertain tax positions are:
- current or deferred income tax assets or liabilities as defined in IAS 12 – Income Taxes;
- to be presented as current or deferred income tax assets or liabilities in accordance with IAS 1 – Presentation of Financial Statements.