Many insurance organizations will be required to report under IFRS 17 Standards for accounting periods beginning on or after January 1, 2023*. This accounting standard represents a fundamental change to how the performance of insurance businesses are measured and presented, introducing a completely new financial reporting standard for insurance and reinsurance contracts.
KPMG LLP (KPMG) is pleased to invite you to a one-hour TaxWatch Webcast that will discuss the tax and transfer pricing implications of the transition to IFRS 17.
Senior financial services advisory, tax and transfer pricing professionals from KPMG member firms in the U.S. and U.K. will cover:
- An overview of IFRS 17 and key items to be aware of
- An overview of the impact on tax of IFRS 17
- Preparing for the upcoming changes including developing, implementing and documenting transfer pricing policies
For background information, reference these short articles, where KPMG professionals explore some of these tax considerations and the implications for insurers.
*In some jurisdictions adoption may be later.
After registering, you will receive details on how to log into the Webcast or dial in for audio only. Continuing professional education (CPE) credit is available for U.S. participants who meet the eligibility requirements.