- This topic has 1 reply, 2 voices, and was last updated 1 year ago by .
- You must be logged in to reply to this topic.
Congratulations to Jamil from Pakistan and Jeeva from Malaysia - Global Prize winners!
see all ACCA December 2022 Genius Hunt Competition winners >>
Specially for OpenTuition students: 20% off BPP Books for ACCA & CIMA exams – Get your BPP Discount Code >>
sir wanted to confirm the following,
Current tax expense in SPL and amount paid to tax authorities in current year= current tax estimate for current year’s profits+ under provision last year – over provision last year
Current tax payable in SFP= current tax estimate for current year’s profits
Can you confirm if all of the above information mentioned is correct?
I think that is a fair summary. P&L charge will include any adjustment for prior year tax which was under- or over- accrued.