Accounting News Flash: PSAK 70 – Accounting for Assets and Liabilities of Tax Amnesty

Accounting News Flash: PSAK 70

PSAK 70 has been released by Indonesian Financial Accounting Standards Board – IAI which is effective immediately since Tax Amnesty Law was approved.


This pronouncement sets out the accounting for assets and liabilities arising from tax amnesty, and it is to be applied by entities that, as a result of participating in Tax Amnesty program as so defined in the Tax Amnesty Law, recognize assets and/or liabilities in their financial statements.

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