In April 2001 the International Accounting Standards Board adopted SIC-25 Income Taxes —Changes in the Tax Status of an Entity or its Shareholders, which had originally been issued by the Standing Interpretations Committee of the International Accounting Standards Committee in July …

SIC-25 clarifies that an entity recognises the current and deferred tax consequences of the change in the tax status of the entity or its shareholders in profit or loss in the period the change occurs.

axes ISSUE The tax situation of a company or its shareholders can change (for example, res-tructuring of the equity, or change of t. x status). The issue is how an entity should account for the consequences of changes in its corporate income tax.

A change in the tax status of an entity or its shareholders does not give rise to increases or decreases in amounts recognised outside profit or loss. The current and deferred tax consequences of a change in tax status shall be included in profit or loss for the period, unless those consequences relate to transactions and events that result, in the same or a different period, in a direct ...

SIC 25 concludes that a change in the tax status of an entity or its shareholders does not give rise to increases or decreases in amounts recognised in equity. This page provides information on the interpretation and recent amendments, alongside ICAEW factsheets and guides.

Issue change in the tax status of an entity or of its shareholders may have consequences for an entity by increasing or decreasing its tax liabilities or assets. This may, for example, occur upon the public listing of an entity’s equity instruments or upon the restructuring of an entity’s equity. It may also occur upon a controlling shareholder’s move to a foreign country. As a result of ...

La Interpretación SIC-25 Impuestos a las Ganancias—Cambios en la Situación Fiscal de la Entidad o de sus Accionistas (SIC-25) está contenida en el párrafo 4. La SIC-25 viene acompañada de los Fundamentos de las Conclusiones. El alcance y el valor normativo de las Interpretaciones están contenidos en el Prólogo a las Normas NIIF.

SIC Interpretation 25 Income Taxes—Changes in the Tax Status of an Entity or its Shareholders is issued by the International Accounting Standards Board (the Board).

SIC Interpretation 25 Income Taxes—Changes in the Tax Status of an Entity or its Shareholders (SIC‑25) is set out in paragraph 4. SIC‑25 is accompanied by a Basis for Conclusions.

In April 2001 the International Accounting Standards Board adopted SIC-25 Income Taxes —Changes in the Tax Status of an Entity or its Shareholders, which had originally been issued by the Standing Interpretations Committee of the International Accounting Standards Committee in July …