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OCI and Taxation — The Unseen Impacts of Insurance Finance Income Presentation Choices
July 8, 2025by Dr Dawkins Brown
One of the lesser-discussed, yet highly impactful features of IFRS 17 is the option for insurers to present insurance finance income or expense either in the profit or loss (P&L) statement or in Other Comprehensive Income (OCI). While this may seem like an accounting classification choice, it carries significant tax implications in Jamaica. The TAJ...
