Boundary with IAS 12

Learning objectives

• Identify the link with IAS 12 for the tax effects of translation differences.L3

Normative references

• IAS 21 §50Tax effects of exchange differences on foreign currency transactions and on the translation of a foreign operation: accounted for in accordance with IAS 12.

Original summaries of the paragraphs (reference register), never a quotation of the standard.

1 question

• The tax effects of exchange differences on foreign currency transactions and of translating a foreign operation are dealt with under IAS 12.L3