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Overview:
 This Newsletter contains a link to a recent publication by PwC Tax Accounting Services highlighting tax accounting impacts of new IFRS standards for revenue recognition and leasing.
The IFRS revenue recognition and leasing standards, IFRS 15 and IFRS 16, will have important tax accounting implications, particularly for companies operating internationally. The IFRS standards are different from the related US GAAP standards, ASC 606 and ASC 842. This paper highlights some of the key consequences of the new standards for tax accountants.
Tax accounting impacts of the IFRS revenue recognition and leasing standards
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