Written by: Barbora Choi on Thu Dec 18
Presentation of taxes in accordance with IFRS 18
There is a difference between IAS 1 and IFRS 18 concerning taxes that you should be aware of when transitioning to the new presentation and disclosure standards.
"Tax is tax is tax." I hope Tom Clendon FCCA will forgive me for using the phrase from his IFRS 18 podcast.
My today's carousel rephrases the quote above as: "Tax is tax but it is not always income tax."
How will presentation of taxes change under IFRS 18? Plus - practical tips in the attached carousel.
link to Tom's podcast:
https://lnkd.in/eGXDBGd7
