IAS 12 Income Taxes

E453766

International Accounting Standard

IAS 12 Income Taxes is an International Accounting Standard that prescribes the accounting treatment for current and deferred income taxes in financial statements.

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All labels observed (2)

Label	Occurrences
IAS 12 Income Taxes canonical	3
International Accounting Standard 12 Income Taxes	1

How this entity was disambiguated

This entity first appeared as the object of triple T4575841 — resolving that mention is where its identity was fixed. The disambiguator weighed these candidate entities and picked the highlighted one (or “None”, minting a new entity). This is how homonymy is resolved: the same surface form can point to different entities.

NED1 Entity disambiguation (via context triple) gpt-5-mini-2025-08-07

Target entity: IAS 12 Income Taxes
Context triple: [IFRS, includesStandard, IAS 12 Income Taxes]

A. ASC 740 Income Taxes
ASC 740 Income Taxes is the U.S. GAAP accounting standard that provides comprehensive guidance on the recognition, measurement, presentation, and disclosure of income taxes in financial statements.
B. IFRS
IFRS (International Financial Reporting Standards) is a globally used set of accounting standards designed to bring transparency, comparability, and consistency to financial statements across different countries.
C. ASC 350 Intangibles—Goodwill and Other
ASC 350 Intangibles—Goodwill and Other is a U.S. GAAP accounting standard that provides guidance on the recognition, measurement, and impairment testing of goodwill and other intangible assets.
D. IAS (Pay) Rules
The IAS (Pay) Rules are the central government regulations that define the pay structure, scales, and progression for officers of the Indian Administrative Service.
E. ASC 718 Compensation—Stock Compensation
ASC 718 Compensation—Stock Compensation is the U.S. GAAP accounting standard that provides guidance on the recognition, measurement, and disclosure of share-based payment arrangements, such as stock options and restricted stock, granted to employees and other service providers.
F. None of above. chosen
G. Unsure - the case is ambiguous/there is not enough information to decide.

NED2 Entity disambiguation (via description) gpt-5-mini-2025-08-07

Target entity: IAS 12 Income Taxes
Target entity description: IAS 12 Income Taxes is an International Accounting Standard that prescribes the accounting treatment for current and deferred income taxes in financial statements.

A. ASC 740 Income Taxes
ASC 740 Income Taxes is the U.S. GAAP accounting standard that provides comprehensive guidance on the recognition, measurement, presentation, and disclosure of income taxes in financial statements.
B. IFRS
IFRS (International Financial Reporting Standards) is a globally used set of accounting standards designed to bring transparency, comparability, and consistency to financial statements across different countries.
C. ASC 350 Intangibles—Goodwill and Other
ASC 350 Intangibles—Goodwill and Other is a U.S. GAAP accounting standard that provides guidance on the recognition, measurement, and impairment testing of goodwill and other intangible assets.
D. IAS (Pay) Rules
The IAS (Pay) Rules are the central government regulations that define the pay structure, scales, and progression for officers of the Indian Administrative Service.
E. ASC 718 Compensation—Stock Compensation
ASC 718 Compensation—Stock Compensation is the U.S. GAAP accounting standard that provides guidance on the recognition, measurement, and disclosure of share-based payment arrangements, such as stock options and restricted stock, granted to employees and other service providers.
F. None of above. chosen

Statements (50)

Predicate	Object
instanceOf	International Accounting Standard ⓘ
addresses	tax consequences of future recovery of assets ⓘ tax consequences of future settlement of liabilities ⓘ tax consequences of recovering or settling the carrying amount of assets and liabilities ⓘ tax consequences of transactions and other events of the current and prior periods ⓘ
appliesTo	both domestic and foreign income taxes ⓘ entities preparing financial statements under IFRS ⓘ general purpose financial statements ⓘ
basisOfDeferredTax	temporary difference approach ⓘ
classificationRequirement	classifies current tax as current liability or current asset ⓘ classifies deferred tax as non-current ⓘ
covers	current tax ⓘ deferred tax ⓘ
defines	deductible temporary differences ⓘ tax base of a liability ⓘ tax base of an asset ⓘ taxable profit ⓘ taxable temporary differences ⓘ
fullName	International Accounting Standard 12 Income Taxes ⓘ linked to: IAS 12 Income Taxes
governs	accounting for income taxes ⓘ
includesGuidanceOn	investment tax credits ⓘ tax effects of distributions to owners ⓘ tax effects of dividends ⓘ tax effects of share-based payments interaction with IFRS 2 ⓘ uncertain tax positions ⓘ
interactsWith	IFRS financial reporting framework ⓘ linked to: IFRS
issuedBy	International Accounting Standards Board ⓘ
issuedByPredecessor	International Accounting Standards Committee ⓘ
measurementBasis	tax rates and tax laws enacted or substantively enacted by the end of the reporting period ⓘ
measurementUnit	undiscounted amounts ⓘ
objective	to prescribe the accounting treatment for income taxes ⓘ
prohibits	discounting of deferred tax balances ⓘ
requires	recognition of deferred tax assets to the extent that taxable profit will be available ⓘ recognition of deferred tax for all taxable temporary differences with limited exceptions ⓘ recognition of deferred tax on business combinations ⓘ recognition of deferred tax on fair value adjustments in business combinations ⓘ
requiresDisclosureOf	amounts and expiry dates of deductible temporary differences and unused tax losses ⓘ major components of tax expense ⓘ reconciliation of tax expense to accounting profit multiplied by applicable tax rate ⓘ tax consequences of dividends proposed or declared after the reporting period ⓘ unrecognised deferred tax assets ⓘ
requiresRecognitionOf	current tax assets ⓘ current tax liabilities ⓘ deferred tax assets ⓘ deferred tax liabilities ⓘ
scopeExcludes	withholding taxes on distributions to owners when accounted for under other standards in some cases ⓘ
shortName	IAS 12 Income Taxes ⓘ
treatmentOf	tax consequences of changes in accounting policies ⓘ tax consequences of changes in tax rates or tax laws ⓘ tax consequences of errors under IAS 8 ⓘ

How these facts were elicited

Referenced by (4)

Full triples — surface form annotated when it differs from this entity's canonical label.

IFRS → includesStandard → IAS 12 Income Taxes ⓘ

International Financial Reporting Standards → includesStandard → IAS 12 Income Taxes ⓘ

IAS 12 → fullName → International Accounting Standard 12 Income Taxes ⓘ

subject linked to: IAS 12 Income Taxes

linked to: IAS 12 Income Taxes

IAS 12 → shortName → IAS 12 Income Taxes ⓘ