CERTYNEX IFRS ACADEMY

The Haldermont group is subject to Pillar Two legislation enacted in several countries where it operates. What treatment does IAS 12 require for deferred tax related to those taxes?

Recognise deferred tax on all temporary differences of the entities affected by Pillar Two.

Recognise no deferred tax asset or liability related to those taxes, and disclose no information about them.

Recognise a provision for future top-up taxes under the standard on provisions.

Recognise a deferred tax asset whenever a future refund appears probable.