Global tax accounting April – June 2013


tas-newsletter-april-june-2013_standard_thAccounting- and reporting-related updates

  • Revised exposure draft on leases
  • IFRIC 21 Levies
  • Tax transparency and country-by-country reporting
  • FASB ratifies consensus on netting unrecognised tax benefits against loss or other tax carryforward assets

Recent and upcoming major tax law changes and the tax accounting implications

  • Some tax rate changes
  • Other important considerations in tax law changes

Tax accounting refresher

  • Tax incentives designed to promote research and development/ Investment tax credits
  • Timing
  • Grant accounting
  • Special deduction vs. reduced tax rate

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