The March 2018 IFRS Interpretations Committee Update (IFRIC Update) has been published. The IFRIC Update summarises decisions made by IFRIC in its meeting in March 2018.
Issues discussed included: Deferred tax – tax base of assets and liabilities (IAS 12 Income Taxes); Costs considered in assessing whether a contract is onerous (IAS 37 Provisions, Contingent Liabilities and Contingent Assets); and Payments relating to taxes other than income tax (IAS 37 Provisions, Contingent Liabilities and Contingent Assets).
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