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SIC 25 - Changes in the Tax Status of an Enterprise or its Shareholders

Published July 2000. Effective 15 July 2000.

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Synopsis

SIC 25 concludes that a change in the tax status of an entity or its shareholders does not give rise to increases or decreases in amounts recognised in equity.

It therefore requires that the current and deferred tax consequences of a change in tax status are included in profit or loss for a period, unless they relate to transactions recognised directly in equity or as other comprehensive income. Where tax consequences do relate to transactions recognised directly in equity or as other comprehensive income, then they too are recognised directly in equity or as other comprehensive income.

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On or after 1 January 2016 SIC 25 2019 Required Standards 
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IFRSs referred to by SIC 25

This page was last updated 21 March 2019

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