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iGAAP Alert: October 2010

The IASB issues Exposure Draft on Deferred Tax: Recovery of Underlying Assets

iGAAP Alert: August 2010



The ED proposes an exception to IAS 12, which would require the measurement of deferred tax assets and deferred tax liabilities for certain assets to reflect the presumption that the carrying amount of the asset will be recovered entirely by sale. The presumption can be rebutted if there is clear evidence that the asset’s economic benefits would be consumed throughout its economic life.

The proposed exception would apply to assets measured using the fair value model under IAS 40 or the revaluation model under IAS 16 and IAS 38.


For more information, read our iGAAP Alert: October 2010.


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