{
  "url": "https://openlegislation.uk/eu-regulation-2006-708",
  "json_url": "https://openlegislation.uk/eu-regulation-2006-708.json",
  "id": "eur/2006/708",
  "title": "Commission Regulation (EC) No 708/2006 of 8 May 2006 amending Regulation (EC) No 1725/2003 adopting certain international accounting standards in accordance with Regulation (EC) No 1606/2002 of the European Parliament and of the Council as regards International Accounting Standard (IAS) 21 and International Financial Reporting Interpretations Committee’s (IFRIC) Interpretation 7 (Text with EEA relevance)",
  "short_title": "Regulation (EC) No 708/2006 amending Regulation (EC) No 1725/2003 adopting certain international accounting…",
  "long_title": "Commission Regulation (EC) No 708/2006 of 8 May 2006 amending Regulation (EC) No 1725/2003 adopting certain international accounting standards in accordance with Regulation (EC) No 1606/2002 of the European Parliament and of the Council as regards International Accounting Standard (IAS) 21 and International Financial Reporting Interpretations Committee’s (IFRIC) Interpretation 7 (Text with EEA relevance)",
  "citation": "EU Regulation No 708/2006",
  "type": "eur",
  "year": "2006",
  "number": "708",
  "version": "current",
  "date": "2006-05-08",
  "revised": false,
  "valid_from": null,
  "extent": "E+W+S+N.I.",
  "unapplied_effects": 0,
  "provisions": [
    {
      "path": "introduction",
      "kind": "introduction",
      "number": null,
      "heading": "Introductory text",
      "url": "https://openlegislation.uk/eu-regulation-2006-708/introduction",
      "extent": "E+W+S+N.I.",
      "status": null,
      "parent": null
    },
    {
      "path": "article/1",
      "kind": "article",
      "number": "1",
      "heading": null,
      "url": "https://openlegislation.uk/eu-regulation-2006-708/article-1",
      "extent": "E+W+S+N.I.",
      "status": null,
      "parent": null
    },
    {
      "path": "article/2",
      "kind": "article",
      "number": "2",
      "heading": null,
      "url": "https://openlegislation.uk/eu-regulation-2006-708/article-2",
      "extent": "E+W+S+N.I.",
      "status": null,
      "parent": null
    },
    {
      "path": "article/3",
      "kind": "article",
      "number": "3",
      "heading": null,
      "url": "https://openlegislation.uk/eu-regulation-2006-708/article-3",
      "extent": "E+W+S+N.I.",
      "status": null,
      "parent": null
    },
    {
      "path": "signature",
      "kind": "signature",
      "number": null,
      "heading": "Signature",
      "url": "https://openlegislation.uk/eu-regulation-2006-708/signature",
      "extent": "E+W+S+N.I.",
      "status": null,
      "parent": null
    },
    {
      "path": "annex",
      "kind": "annex",
      "number": null,
      "heading": null,
      "url": "https://openlegislation.uk/eu-regulation-2006-708/annex",
      "extent": "E+W+S+N.I.",
      "status": null,
      "parent": null
    },
    {
      "path": "annex/annotation/1",
      "kind": "division",
      "number": null,
      "heading": null,
      "url": "https://openlegislation.uk/eu-regulation-2006-708/annex-annotation/1",
      "extent": "E+W+S+N.I.",
      "status": null,
      "parent": "annex"
    },
    {
      "path": "annex/division/2",
      "kind": "division",
      "number": null,
      "heading": "IFRIC INTERPRETATION 7",
      "url": null,
      "extent": "E+W+S+N.I.",
      "status": null,
      "parent": "annex"
    },
    {
      "path": "annex/division/2/division/Applying",
      "kind": "division",
      "number": "Applying the Restatement Approach under IAS 29",
      "heading": "Financial Reporting in Hyperinflationary Economies",
      "url": null,
      "extent": "E+W+S+N.I.",
      "status": null,
      "parent": "annex/division/2"
    },
    {
      "path": "annex/division/2/division/Applying/division/1",
      "kind": "division",
      "number": null,
      "heading": "References",
      "url": "https://openlegislation.uk/eu-regulation-2006-708/annex/division-2/division-Applying/division-1",
      "extent": "E+W+S+N.I.",
      "status": null,
      "parent": "annex/division/2/division/Applying"
    },
    {
      "path": "annex/division/2/division/Applying/division/2",
      "kind": "division",
      "number": null,
      "heading": "Background",
      "url": null,
      "extent": "E+W+S+N.I.",
      "status": null,
      "parent": "annex/division/2/division/Applying"
    },
    {
      "path": "annex/division/2/division/Applying/division/2/division/1",
      "kind": "division",
      "number": "1",
      "heading": null,
      "url": "https://openlegislation.uk/eu-regulation-2006-708/annex/division-2/division-Applying/division-2/division-1",
      "extent": "E+W+S+N.I.",
      "status": null,
      "parent": "annex/division/2/division/Applying/division/2"
    },
    {
      "path": "annex/division/2/division/Applying/division/3",
      "kind": "division",
      "number": null,
      "heading": "Issues",
      "url": null,
      "extent": "E+W+S+N.I.",
      "status": null,
      "parent": "annex/division/2/division/Applying"
    },
    {
      "path": "annex/division/2/division/Applying/division/3/division/2",
      "kind": "division",
      "number": "2",
      "heading": "The questions addressed in this Interpretation are:",
      "url": "https://openlegislation.uk/eu-regulation-2006-708/annex/division-2/division-Applying/division-3/division-2",
      "extent": "E+W+S+N.I.",
      "status": null,
      "parent": "annex/division/2/division/Applying/division/3"
    },
    {
      "path": "annex/division/2/division/Applying/division/4",
      "kind": "division",
      "number": null,
      "heading": "Consensus",
      "url": null,
      "extent": "E+W+S+N.I.",
      "status": null,
      "parent": "annex/division/2/division/Applying"
    },
    {
      "path": "annex/division/2/division/Applying/division/4/division/3",
      "kind": "division",
      "number": "3",
      "heading": null,
      "url": "https://openlegislation.uk/eu-regulation-2006-708/annex/division-2/division-Applying/division-4/division-3",
      "extent": "E+W+S+N.I.",
      "status": null,
      "parent": "annex/division/2/division/Applying/division/4"
    },
    {
      "path": "annex/division/2/division/Applying/division/4/division/4",
      "kind": "division",
      "number": "4",
      "heading": "At the closing balance sheet date, deferred tax items are recognised and measured in accordance with IAS 12. However, the deferred tax figures in the opening balance sheet for the reporting period shall be determined as follows:",
      "url": "https://openlegislation.uk/eu-regulation-2006-708/annex/division-2/division-Applying/division-4/division-4",
      "extent": "E+W+S+N.I.",
      "status": null,
      "parent": "annex/division/2/division/Applying/division/4"
    },
    {
      "path": "annex/division/2/division/Applying/division/4/division/5",
      "kind": "division",
      "number": "5",
      "heading": null,
      "url": "https://openlegislation.uk/eu-regulation-2006-708/annex/division-2/division-Applying/division-4/division-5",
      "extent": "E+W+S+N.I.",
      "status": null,
      "parent": "annex/division/2/division/Applying/division/4"
    },
    {
      "path": "annex/division/2/division/Applying/division/5",
      "kind": "division",
      "number": null,
      "heading": "Effective date",
      "url": null,
      "extent": "E+W+S+N.I.",
      "status": null,
      "parent": "annex/division/2/division/Applying"
    },
    {
      "path": "annex/division/2/division/Applying/division/5/division/6",
      "kind": "division",
      "number": "6",
      "heading": null,
      "url": "https://openlegislation.uk/eu-regulation-2006-708/annex/division-2/division-Applying/division-5/division-6",
      "extent": "E+W+S+N.I.",
      "status": null,
      "parent": "annex/division/2/division/Applying/division/5"
    },
    {
      "path": "annex/division/Amendment",
      "kind": "division",
      "number": "Amendment to IAS 21",
      "heading": "The Effects of Changes in Foreign Exchange Rates",
      "url": "https://openlegislation.uk/eu-regulation-2006-708/annex/division-Amendment",
      "extent": "E+W+S+N.I.",
      "status": null,
      "parent": "annex"
    },
    {
      "path": "annex/division/Amendment/division/1",
      "kind": "division",
      "number": null,
      "heading": "Net investment in a foreign operation",
      "url": "https://openlegislation.uk/eu-regulation-2006-708/annex/division-Amendment/division-1",
      "extent": "E+W+S+N.I.",
      "status": null,
      "parent": "annex/division/Amendment"
    },
    {
      "path": "annex/division/Amendment/division/2",
      "kind": "division",
      "number": null,
      "heading": "Recognition of exchange difference",
      "url": "https://openlegislation.uk/eu-regulation-2006-708/annex/division-Amendment/division-2",
      "extent": "E+W+S+N.I.",
      "status": null,
      "parent": "annex/division/Amendment"
    }
  ],
  "outstanding_effects": [],
  "made_under": [],
  "changes_made_to": 0,
  "changes_made_to_url": "https://openlegislation.uk/eu-regulation-2006-708/changes.json",
  "changes_made_by": 0,
  "changes_made_by_url": "https://openlegislation.uk/eu-regulation-2006-708/changes/by-it.json",
  "instruments_made_under": 0,
  "instruments_made_under_url": "https://openlegislation.uk/eu-regulation-2006-708/instruments.json",
  "provenance": {
    "source": "legislation.gov.uk",
    "source_url": "https://www.legislation.gov.uk/eur/2006/708",
    "retrieved_at": "2026-11-01T14:53:45.393489+00:00"
  },
  "licence": "Open Government Licence v3.0",
  "licence_url": "https://www.nationalarchives.gov.uk/doc/open-government-licence/version/3/",
  "attribution": "Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives."
}