Deloitte Comment Letters on Two IFRS Interpretations Committee Tentative Agenda Decisions

Deloitte's IFRS Global Office has submitted two letter of comment to the IFRS Interpretations Committee on (1) Tentative agenda decision: IAS 1 Presentation of Financial Statements and IAS 12 Income Taxes – Presentation of payments of non-income taxes and (2) Tentative agenda decision: IAS 12 Income Taxes – Accounting for market value uplifts introduced by a new tax regime.

Although Deloitte agrees with the IFRS Interpretation Committee's decisions to not include either of these projects on its agenda, we have suggested amendments to the tentative agenda decisions.