IFRS: A tax perspective on implementation, IFRS-Tax action plan
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A tax perspective on implementation, IFRS-Tax action plan.
The conversion to IFRS will be a complex, time-consuming effort. Organizations should include tax resources in the planning and implementation of the conversion process to ensure that tax considerations, as well as the income tax accounting financial statement implications, are properly addressed.
The development of a tailored IFRS-Tax action plan will facilitate the identification of potential opportunities and roadblocks, as well as provide a strategic path to manage the conversion process within an organization's global tax function.