CERTYNEX IFRS ACADEMY

Where there are uncertain tax treatments, which disclosures must the entity consider providing, under the general requirements and the reference to tax contingencies?

The judgements made in determining taxable profit and tax bases.

The list of tax audits the entity expects over the next five years.

The assumptions and estimates used in determining the tax amounts.

The potential effect of an uncertainty whose acceptance is probable, as a tax-related contingency.

The negotiation strategy planned with the authority.