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Draft Interpretation on Uncertainty over Income Tax Treatments
November, 07th 2015

Draft Interpretation published by the IFRS Interpretations Committee for comment only. Comments on the Draft Interpretation need to be received by December 21, 2015. 

The International Accounting Standards Board’s IFRS Interpretations Committee (‘Interpretations Committee’) published for public comment a proposed Interpretation of Standards, designed to address diversity in how the Standard is applied in practice. This proposed Interpretation gives guidance on how uncertainty over income tax treatments should affect the accounting for income taxes. 

Interpretations form part of the authoritative International Financial Reporting Standards (IFRS) requirements. They are developed by the Interpretations Committee, which works with the International Accounting Standards Board (IASB) to provide guidance on specific implementation issues, helping those using IFRS and supporting consistency in application. 

IAS 12 Income Taxes provides requirements on the recognition and measurement of current or deferred tax liabilities or assets, but does not provide specific guidance for how uncertainty about a tax treatment should be reflected in the accounting for income tax. Consequently, the Interpretations Committee proposes an Interpretation to provide that guidance. 

Invitation to comment 

ASB invites comments on the Draft Interpretation from the public. The downloadable version of the draft is available at:

How to comment

Comments should be submitted using one of the following methods: 

1. Electronically: Click on the below mentioned option to submit a comment letter or visit at the following link (Preferred method):
2. Email: Comments can be sent to:
3. Postal: Secretary, Accounting Standards Board,
The Institute of Chartered Accountants of India,
ICAI Bhawan, Post Box No. 7100,
Indraprastha Marg,
New Delhi 110 002

Further clarifications on this Draft Interpretation may be sought by e-mail to

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