IAS 12

This topic has 1 reply, 2 voices, and was last updated 1 year ago by P2-D2.

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June 26, 2024 at 7:50 am #707608
Kams7311
Participant
- Topics: 1
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Trial balance
Corporation tax 3000cr
Deffered tax 9000cr
Additional information
1. corporation tax estimate 15,000

2. deferred tax based on timing difference of Le100,000. tax rate of 25%
What is the accounting treatment?
June 30, 2024 at 11:05 am #707695
P2-D2
Keymaster
- Topics: 4
- Replies: 7235
Hi,

You need to look at the SFP (deferred tax balance and tax liability at the reporting date) as well as the SPL (current tax and movement in deferred tax).

Give it a go and let me know how you get on and then I can help you further.

Thanks
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