Uncertainty over Income Tax Treatments under IFRS
On 21 October 2015, the IFRS Interpretations Committee (‘IFRS IC’) published for public comment an Interpretation on how uncertainty over income tax treatments should affect the accounting for income taxes. In short, it is the IFRS equivalent of US GAAP Interpretation ASC 740-10 (formerly FIN 48). Whilst the Interpretation is currently only in draft form,