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Lending greater certainty to uncertain tax treatments

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.

Author profile

Daren YEOH
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
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