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New on the Horizon: Deferred Tax Assets on Unrealised Losses

Oct 20, 2014
From the Financial Reporting View and the IFRS Institute

KPMG’s ISG recently published New on the Horizon: Deferred Tax Assets on Unrealised Losses, which analyzes the IASB Exposure Draft, Recognition of Deferred Tax Assets for Unrealised Losses (Proposed Amendments to IAS 12). The ED would clarify how to (1) account for deferred tax assets related to debt instruments measured at fair value and (2) estimate future taxable profit for the recognition test under IAS 12, Income Taxes. The comment period ends December 18.

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