AASB 121 The Effects of Changes in Foreign Exchange Rates 50: Tax effects of exchange differences: account for the tax consequences of foreign currency gains and losses and of translation differences under AASB 112

What does 50 require?

Foreign currency transaction gains and losses, and differences from translating an entity's results and position, including a foreign operation's, into another currency may have tax consequences, and those consequences are accounted for under AASB 112 Income Taxes.