CERTYNEX IFRS ACADEMY

In 2025, Gastia corrects an error made in 2024 by retrospective restatement. How does it treat the tax consequence of this correction?

It recognises and presents it under IAS 12, consistently with the restated correction.

It deducts it from the amount of the error without recognising any tax.

It records it in the 2025 tax expense, whatever the period corrected.

It ignores it, because the 2024 tax is final.