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US GAAP | IFRS |
A contribution tax should be recognized as a component of net benefit cost in the period in which the contribution is made. | Taxes related to benefit plans should be included either in the return on assets or the calculation of the benefit obligation, depending on their nature. For example, taxes payable by the plan on contributions are included in actuarial assumptions for the calculation of the benefit obligation. |
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Select a section below and enter your search term, or to search all click IFRS and US GAAP: similarities and differences