Skip to content (Press enter)
Show Sections

Final stage

On 17 May 2012, the International Accounting Standards Board issued Annual Improvements 2009–2011 Cycle. The amendments have an effective date of 1 January 2013, but earlier adoption is permitted.


The objective of this project was to resolve perceived inconsistencies between IAS 12 Income Taxes and IAS 32 Financial Instruments: Presentation with regard to recognising the consequences of income tax relating to distributions to holders of an equity instrument and to transaction costs of an equity transaction.