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If the amount of the tax deduction exceeds the amount of the related cumulative remuneration expense, this indicated that the tax deduction is related also to an equity item.
The excess therefore recognised directly in equity (note it is not reported in other comprehensive income) (IAS 12:paras 68A-68C)Is this statement correct?
Remuneration expense 1000
Tax rate 30%
Tax deduction from DT calculation 400 (say)
Yes – your statement is correct 100 of the DT credit would go to equity
Prizewinner stuff.
so it would not be reported in OCI?
In one video
https://www.youtube.com/watch?v=xQzrHEBqoD4&ab_channel=RahmanEdu 25 min
the difference is posted in OCI
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