New StandardHigh ImpactIND_AS_12
Official PDF (p. 2)IND_AS_12 · Ind AS 12 / Paragraph 4A & 88A-88D
Ind AS 12 Income Taxes: International Tax Reform - Pillar Two Model Rules Accounting & Disclosures
Applicable from 2026-06
Attempt Applicability
2026-06:Applies
2026-12:Applies
Statutory Comparison
Prior PositionPre-amendment
No exception existed under Ind AS 12 for deferred tax accounting arising from OECD Pillar Two global minimum tax legislation.
New PositionAmended
Mandatory temporary exception from deferred tax accounting for Pillar Two income taxes; requires qualitative and quantitative disclosure of exposure to Pillar Two legislation.
Affected Syllabus Chapters
corporate-financial-reporting
specific-accounting-standards
Code: specific-accounting-standards
Authority Document Reference
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