Commission Regulation (EU) No 2022/1392 of 11 August 2022

The Commission Regulation (EU) No 2022/1392 of 11 August 2022, published in the Official Journal of the European Union L 211 on 12 August 2022, adopts amendments to IAS 12 Income Taxes.
Those amendments clarify how companies are to account for deferred taxes on transactions such as leases and decommissioning obligations and aim to reduce diversity in the reporting of deferred tax assets and liabilities on leases and decommissioning obligations.

Each company shall apply the amendments as from 1 January 2023.