CERTYNEX IFRS ACADEMY

After moving its headquarters from country R (rate 30%) to country S (rate 25%) in 20X5, the Dorvenne group now uses 25% as the applicable rate in its reconciliation, against 30% in 20X4. What does it disclose?

Nothing: the choice of applicable rate is for management alone.

Only the new rate of 25%, the previous rate no longer being of interest.

The basis of the 25% rate and the explanation of the move from 30% to 25% (relocation of the headquarters).

A restatement of the 20X4 reconciliation at 25%, with no other explanation.