CERTYNEX IFRS ACADEMY

Quymade's deferred taxes at 31 December are measured at the rate in force at that date. In February, a law significantly raising that rate is enacted. The finance director wants to remeasure the reporting-date deferred taxes. What is the answer?

The change enacted after the reporting date is not adjusted; its significant effect requires disclosure.

They must be remeasured, since the temporary differences existed at the reporting date.

Only deferred tax liabilities should be remeasured, as a precaution.

One must wait for the implementing decrees before deciding on disclosure.