IASB publishes “Amendments to IFRS 1″ and “Amendments to IAS 12″

The IASB has today issued:
- Amendments to IAS 12 Income Taxes. It is effective from 1 January 2012. Earlier application is permitted.
- two narrow amendments to IFRS 1 First-time Adoption of International Financial Reporting Standards (IFRSs). The amendments to IFRS 1 are set out in Severe Hyperinflation and Removal of Fixed Dates for First-time Adopters and are effective from 1 July 2011. Earlier application is permitted.

Please find the press releases herewith attached.