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tax losses and deferred tax asset

Forums › Ask ACCA Tutor Forums › Ask the Tutor ACCA FR Exams › tax losses and deferred tax asset

  • This topic has 1 reply, 2 voices, and was last updated 3 years ago by P2-D2.
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  • October 26, 2021 at 1:31 pm #639141
    beeboowcc
    Participant
    • Topics: 1
    • Replies: 0
    • ☆

    My question is let say year 2012 and 2013 the company incurred financial losses and in year 2014 there is taxable temporary difference, should the company recognize deferred tax asset ?

    October 30, 2021 at 9:46 am #639456
    P2-D2
    Keymaster
    • Topics: 4
    • Replies: 7163
    • ☆☆☆☆☆

    Yes, if they expect to make trading profits in the future to utilise the losses against.

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