IAS 12

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August 28, 2016 at 3:33 pm #335795
Saimon
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sir, how can i determine or calculate “tax base of an asset & liability” in order to calculate the temporary differences????
August 28, 2016 at 5:24 pm #335822
MikeLittle
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Why would you want to? It will be given in the exam

The tax base is the Taxman’s idea of how much value there is in the asset that may validly be claimed by way of reduction of profits and therefore reduction of tax
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