CERTYNEX IFRS ACADEMY

Falquenne concludes that it is probable that the authority will accept an uncertain tax treatment; no adjustment is therefore recognised. What must it still consider?

Nothing: probable acceptance ends any analysis.

Recognising an IAS 37 provision for half of the tax at stake.

Whether to disclose the potential effect of the uncertainty as a tax-related contingency.

Restating the year in which the treatment was used.