Munich Personal RePEc Archive

IAS 12 Income Taxes - A Closer Look

Muthupandian, K S (2008): IAS 12 Income Taxes - A Closer Look. Published in: The Management Accountant , Vol. 44, No. 1 (January 2009): pp. 40-46.


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The International Accounting Standards Committee issued the the International Accounting Standard 12 Income Taxes. The objective of IAS 12 is to prescribe the accounting treatment for income taxes being the accounting for the current and future tax consequences. This article presents a closer look of standard (objective, scope, definitions, accounting treatment, recognition and measurement, presentation and disclosures).

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