https://www.taxtmi.com/notifications?id=145188 AS 22 is amended to treat taxes arising from Pillar Two legislation as Pillar Two income taxes and to require that enterprises neither recognise nor disclose deferred tax assets and liabilities related to those taxes. Enterprises must disclose that they applied the exception and separately present current tax expense (income) related to Pillar Two income taxes. For enacted or substantively enacted but not yet effective Pillar Two legislation, enterprises must provide known or reasonably estimable qualitative and quantitative information about exposure, with an SME exemption for those exposure disclosures. en-us Tue, 10 Mar 2026 00:00:00 +0530 Thu, 12 Mar 2026 15:52:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/notifications?id=145188 AS 22 is amended to treat taxes arising from Pillar Two legislation as Pillar Two income taxes and to require that enterprises neither recognise nor disclose deferred tax assets and liabilities related to those taxes. Enterprises must disclose that they applied the exception and separately present current tax expense (income) related to Pillar Two income taxes. For enacted or substantively enacted but not yet effective Pillar Two legislation, enterprises must provide known or reasonably estimable qualitative and quantitative information about exposure, with an SME exemption for those exposure disclosures. Notifications Companies Law Tue, 10 Mar 2026 00:00:00 +0530 https://www.taxtmi.com/notifications?id=145188