CERTYNEX IFRS ACADEMY

A higher tax rate is announced after the reporting period, with a significant effect on deferred taxes. What disclosure should be provided in the accounts for the year just ended?

Remeasurement of deferred taxes at the new rate, with no other disclosure in the notes.

Disclosure of the change, without changing the measurement of deferred taxes at the reporting date.

No disclosure, the rate applying only to future years.

Remeasurement of deferred taxes and detailed disclosure of the difference recognised.