# Commission Regulation (EU) 2018/1595 of 23 October 2018 amending Regulation (EC) No 1126/2008 adopting certain international accounting standards in accordance with Regulation (EC) No 1606/2002 of the European Parliament and of the Council as regards Interpretation 23 of the International Financial Reporting Interpretations Committee (Text with EEA relevance) (revoked)

EU Regulation 2018/1595 · adopted 23 October 2018

Commission Regulation (EU) 2018/1595 of 23 October 2018 amending Regulation (EC) No 1126/2008 adopting certain international accounting standards in accordance with Regulation (EC) No 1606/2002 of the European Parliament and of the Council as regards Interpretation 23 of the International Financial Reporting Interpretations Committee (Text with EEA relevance)

## Introductory text

Commission Regulation (EU) 2018/1595
of 23 October 2018
amending Regulation (EC) No 1126/2008 adopting certain international accounting standards in accordance with Regulation (EC) No 1606/2002 of the European Parliament and of the Council as regards Interpretation 23 of the International Financial Reporting Interpretations Committee
(Text with EEA relevance) (revoked)
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## 1 

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## 2 

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## 3 

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## Signature

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### Division IFRIC 23: UNCERTAINTY OVER INCOME TAX TREATMENTS

### Division IFRIC 23: UNCERTAINTY OVER INCOME TAX TREATMENTS

## REFERENCES

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### Division: BACKGROUND

## 1 

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## 2 

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## 3 In this Interpretation:

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### Division: SCOPE

## 4 

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### Division: ISSUES

## 5 When there is uncertainty over income tax treatments, this Interpretation addresses:

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### Division: CONSENSUS

### Division: Whether an entity considers uncertain tax treatments separately

## 6 

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## 7 

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### Division: Examination by taxation authorities

## 8 

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### Division: Determination of taxable profit (tax loss), tax bases, unused tax losses, unused tax credits and tax rates

## 9 

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## 10 

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## 11 If an entity concludes it is not probable that the taxation authority will accept an uncertain tax treatment, the entity shall reflect the effect of uncertainty in determining the related taxable profit (tax loss), tax bases, unused tax losses, unused tax credits or tax rates. An entity shall reflect the effect of uncertainty for each uncertain tax treatment by using either of the following methods, depending on which method the entity expects to better predict the resolution of the uncertainty:

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## 12 

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### Division: Changes in facts and circumstances

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## 14 

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## Appendix A Application Guidance

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## Appendix B Effective date and transition

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## Appendix C 

An entity shall apply the amendment in this Appendix when it applies IFRIC 23.

## Amendment to IFRS 1 First-time Adoption of International Financial Reporting Standards

Paragraph 39AF is added.
In Appendix E, paragraph E8 and related heading are added.

## 39AF 

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### Division: Uncertainty over income tax treatments

## E8 

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Source: https://www.legislation.gov.uk/eur/2018/1595 (the official version)
Page: https://openlegislation.uk/eu-regulation-2018-1595
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.