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.

The amendments are expected to be finalised in the second quarter of 2023.

Please submit your comments to the AASB by 24 February 2023, via the AASB websiteLinkedIn or email to [email protected].

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