The GASC has disclosed the draft of a GASC Interpretation (IFRS) No. 1 on the accounting for additional charges on in income taxes according to IFRS for consultation purposes. Subject matter of the draft Interpretation draft Interpretation is the accounting for additional charges as outlined in Sec. 3 para. 4 (German General Tax Code) and which relate to actual income taxes according to IAS 12.5 in financial statements according to IFRS as adopted by the EU.