Disclosure of Uncertain Tax Position: An Analysis of Multiple Case Studies

This research analyzes companies’ disclosure of uncertainties tax and verifies whether there is adequate compliance with the standard. The methodology of research is a qualitative survey that has been conducted of 22 case studies that disclosed their financial statements and were finalists in this year's Troféu Transparência - Prêmio ANEFAC – FIPECAFI – SERASA Experian (Award on transparency and quality of financial statements). The contribution of this research is considering the accounting choices theories and the political costs of these choices, the impact of transparency required by regulatory bodies on companies. The findings detail that only one case study disclosure the tax uncertainty degree in the analysis of 22 case studies finalizing the award. In contrast, 14 case studies presented contingent liabilities related to taxes in their notes, indicating a possible non-application of the IFRIC 23 accounting interpretation. The subject is relevant for Brazilian companies considering the significant volume of tax adjustments required by the Federal Revenue Service of Brazil (RFSB) because of the difference in the calculation of profit under the rules of IFRS (International Financial Reporting Standards (IFRS) and the legislation tax) and the exposure risk of Brazilian companies due to IFRIC 23, which publish their financial statements and are required to follow Brazilian accounting and tax standards abstract should summarize the contents of the paper in short terms.