TAX MATTERS: Aligning tax laws with IFRS 17: Implications for insurance sector

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https://fingaz.co.zw/wp-content/uploads/penci-text-to-speech/post-303660.mp3?cb=1732287632.mp3IFRS 17, issued in May 2017, replaces IFRS 4, governing accounting for insurance contracts from 1 January 2023. It shifts from a premium-centric to a service delivery and risk release model, aiming for a more accurate reflection of insurer performance and revenue recognition timing. It further standardises reporting with expected value and current value measurement…