IAS 12 Income Taxes

This topic has 1 reply, 2 voices, and was last updated 7 years ago by P2-D2.

Viewing 2 posts - 1 through 2 (of 2 total)

Author

Posts
January 15, 2019 at 11:37 pm #502159
gangsta1
Member
- Topics: 75
- Replies: 10
Sir i have two questions as follows:

1) Deferred tax on fair value adjustments following a business combination, how are these accounted for sir?

2) Assets/liabilities that are revalued for the purposes on an acquisition, why aren’t the tax bases affected?
January 21, 2019 at 8:58 pm #502937
P2-D2
Keymaster
- Topics: 4
- Replies: 7235
Hi,

You only need to be aware of the deferred tax adjustments on the PURP, which is covered in the notes/videos.

The tax bases are not adjusted as the tax authorities have no evidence to be able to adjust their values.

Thanks
Author

Posts

Viewing 2 posts - 1 through 2 (of 2 total)

You must be logged in to reply to this topic.