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ias 12 income taxes

Forums › Ask ACCA Tutor Forums › Ask the Tutor ACCA SBR Exams › ias 12 income taxes

  • This topic has 2 replies, 3 voices, and was last updated 1 year ago by Stephen Widberg.
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  • April 19, 2021 at 7:32 am #618167
    dvamfire
    Member
    • Topics: 36
    • Replies: 29
    • ☆☆

    Hello sir, i woukd to like to ask why to recognise deferred tax asset, must have deferred tax liability that i can use? Could you please explain to me clearly.

    Question 2
    Why deferred tax liability recognised cannot exceed the deferred tax asset recognised?

    April 19, 2021 at 12:44 pm #618204
    Noah098
    Member
    • Topics: 935
    • Replies: 352
    • ☆☆☆☆☆

    exactly my doubt too!!!!

    April 19, 2021 at 1:07 pm #618206
    Stephen Widberg
    Keymaster
    • Topics: 12
    • Replies: 2839
    • ☆☆☆☆☆

    LOSSES ONLY – ONLY IF ONE OF THE TDs IS LOSSES

    If, having offset DT liability and DT asset, you end up with a net DT asset, you can ONLY recognise the DT asset to the extent that profits will be expected in the future.

    There are no other rules!

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