Published on 01 Apr 19
by "TAXATION IN AUSTRALIA" JOURNAL ARTICLE
From income years commencing 1 January 2019, reporting entities will be required to recognise or account for uncertain tax positions or treatments in their financial statements. This will be a much more involved process than determining whether a position is reasonably arguable. In this article, the author will seek to propose a framework to apply the new rules. The author will also propose a systematic approach to quantify the degree of uncertainty in a tax position. The purpose is to lend greater certainty to uncertain tax positions.
Daren Yeoh, a Senior Tax Manager with Moore Stephens is a leading advisor on the
implementation of AASB 112. Daren has assisted, advised and presented to medium and large corporates around Australia in relation to implementing the new standard using the Moore Stephens Tax Effect Accounting Toolkit. Daren is the lead product manager of the Toolkit and played a key role in the design, development and testing of the Toolkit. Daren's practical experience allows him to provide a clear and methodological approach to a complex area.
Current at 19 December 2005