The PwC global network of firms submitted a comment letter on the IFRS Interpretations Committee’s tentative agenda decision 'IFRIC 21 Levies - levies raised on production property, plant and equipment.' We agree with the Committee's decision not to take this item onto the agenda. We are concerned, however, that the tentative agenda decision will create confusion on how to apply the existing IFRS guidance and might create diversity in practice that does not exist today. Our letter offers some recommendations for the Committee to consider to alleviate any confusion.
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