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Australian Accounting Standards Board Provides Temporary Relief from Accounting for Deferred Taxes Arising from Pillar 2

|Approved Changes|Australia
Australia

Australian Accounting Standards Board (AASB) recently issued amendments to Australian Accounting Standards that provide temporary relief from accounting for deferred taxes arising from Pillar 2 of the OECD's international tax reform, as well as targeted disclosure requirements. The amendments arise from the issuance of amendments in May 2023 by the International Accounting Standards Board (IAS…