IASB Staff Recommend Revised Pillar 2 Tax Disclosure Approach
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IASB Staff Recommend Revised Pillar 2 Tax Disclosure Approach
The International Accounting Standards Board is considering amendments to disclosure requirements for entities subject to potential global minimum tax legislation, aiming to standardize accounting practices and improve information for investors as countries adopt pillar 2 rules from the OECD's international corporate tax overhaul plan. The IASB considers amending IAS 12 to provide guidance on pillar 2 legislation disclosures, receiving mixed feedback from stakeholders and aiming for finalized amendments in the second quarter of 2023.
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