“Anti-crisis” Decree / 3: IAS realignments
The Law Decree n.185 of November 29, 2008 (Anti-crisis Decree) converted, with amendments by Law n.2 of January 28, 2009, has introduced numerous innovations in the tax field, including the possibility, for subjects who adopt the international accounting standards , to realign certain book values to fiscal ones.
This circular illustrates these possibilities of realignment governed by Article 15, paragraphs 1 to 9 and 12-bis of the aforementioned decree.
Topics index
- Principle of derivation envisaged by the 2008 Finance Act
- Subjective scope of realignment
- Realignment of the differences generated by the application of the derivation principle
- Total realignment
- Realignment for individual cases
- Further realignable differences
- Misalignments from first time adoption and from EC framework deleted
- Fiscal recognition of future mismatches
- Realignment in the context of business combinations