ESMA sets out expectations regarding application of IAS 12
ESAs
Date:
23 July 2019
On 15 July 2019, the European Securities and Markets Authority (ESMA), the EU’s securities markets’ regulator, published
a Public Statement on IAS 12 Income Taxes, setting out its expectations regarding the application of the requirements relating to the recognition, measurement and disclosure of deferred tax assets (DTAs) arising from unused tax losses in IFRS financial statements.