BDO Published IFR Bulletin 2019/03 on ESMA’s Public Statement Concerning the Recognition of Deferred Tax Assets

BDO has published an IFR Bulletin (‘IFRB’) on ESMA’s recent public statement concerning the recognition of deferred tax assets arising from the carry-forward of unused tax losses.

The IFRB summarises ESMA’s expectations concerning how entities should analyse the applicable criteria in IAS 12 to justify whether a deferred tax asset should be recognised (e.g. the probability requirement and what constitutes ‘convincing other evidence’).

The bulletin, along with other IFR Bulletins, can be accessed here.