IFRS provisionally simplified with regard to Pillar Two taks
The International Accounting Standards Board (IASB) anticipates challenges in applying IAS 12 Income Taxes with the introduction of Pillar Two tax. Consequently, recent adjustments have been made in this regard. In 2021, 135 countries in the Economic Co-operation and Development’s (OECD) decided to adjust their tax legislation to achieve an effective minimum rate of 15 percent. […]