AASB ED 322 International Tax Reform – Pillar Two Model Rules

Tuesday, January 10, 2023

The AASB is proposing amendments to AASB 112 Income Taxes aiming to provide a temporary exception to accounting for deferred taxes in relation to the Pillar Two rules published by the Organisation for Economic Co-operation and Development (OECD).

The proposed amendments would also introduce disclosure requirements about the possible effect of the Pillar Two rules.