In Focus: Accounting for Taxes: Uncertain Tax Positions and Interpretation 23

Interpretation 23 represents a major conceptual extension to AASB 112 Income Taxes. It requires the preparers of financial statements to consider the potential ramifications of tax accounting decisions, and potentially both record additional income tax expense and expand related disclosure for reporting periods commencing on or after 1 January 2019.

To help you navigate through the complexities and challenges introduced by Interpretation 23, our webinar dives into the main changes and their consequences, along with key application issues.

For more information, please contact Owen Carew below.