The International Accounting Standards Board (IASB) has proposed amendments to the IFRS for SMEs Standard to align with similar amendments to IAS 12 Income Taxes. Accordingly, the IASB has issued the following Exposure Draft for public comments: 

• Exposure Draft on International Tax Reform - Pillar Two Model Rules - Proposed Amendments to the IFRS for SMEs Standard

The proposed amendments aim to provide temporary relief from requirements to recognise and disclose information about deferred tax assets and liabilities arising from the imminent implementation of the Pillar Two model rules published by the Organisation for Economic Co-operation and Development (OECD).

With the view to contribute to standard setting at international level, the above-mentioned Exposure Draft issued by the IASB, has been hosted on the website of the Institute of Chartered Accountants of India (www.icai.org) for public comments

How to comment

Further clarifications on this Request for Information may be sought by e-mail to asb@icai.in.