• Service: Audit, Financial Statement Audit, Financial Reporting & Accounting Standards, Accounting Advisory Services, International Financial Reporting Standards (IFRS)
  • Type: Regulatory update
  • Date: 16/09/2010

IFRS In the Headlines

IFRS In the Headlines
In the Headlines (formerly IFRS Briefing Sheets) provide a timely update on International Financial Reporting Standards (IFRS) developments.

IFRS Briefing Sheet 209: Deferred Tax: Recovery of Underlying Assets 

This IFRS Briefing Sheet summarises the IASB’s Exposure Draft ED/2010/11 Deferred Tax: Recovery of Underlying Assets – Proposed amendments to IAS 12.

The ED proposes an exception for investment property, property, plant and equipment and intangible assets recorded using the fair value/revaluation model from the measurement principle that deferred tax assets and liabilities are based on the expected manner of recovery or settlement of the underlying asset.


The proposals may reduce current deferred tax liabilities.

IFRS Briefing Sheets - International financial reporting updates