Timing and quantifying rules - Terminating provisions - Definitions
EZ 32B: Transitional rule for IFRS reporting
You could also call this:
“
Outdated rule for international financial reporting no longer applies
”
This rule about IFRS reporting doesn’t apply anymore. It was part of the Income Tax Act 2007, but it was removed on 6 October 2009. The change affected things from 1 April 2008. IFRS stands for International Financial Reporting Standards, which are rules about how companies should report their financial information.
EZ 32C: Treatment in section EX 20C of currency effects on CFC's borrowing, or
“Old rule about currency effects on foreign company borrowing no longer applies”
Part E
Timing and quantifying rules
Terminating provisions:
Definitions
EZ 32BTransitional rule for IFRS reporting (Repealed)
Notes
Section EZ 32B: repealed (with effect on 1 April 2008), on , by section 196 of the Taxation (International Taxation, Life Insurance, and Remedial Matters) Act 2009 (2009 No 34).
