IAS 12 Income Taxes – Unused Tax losses

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February 14, 2018 at 12:41 pm #437182
chamakc
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Hello Chris

The accounting standard provides a list of criteria that an entity must consider in determining whether they can recognise a Def. Tax Asset or not for the tax losses.

One of the criteria mentioned is “Whether tax planning opportunities are available.”

Could you explain what this means??

Thanks
February 17, 2018 at 8:22 am #437713
P2-D2
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Hi,

It just means that there are the options available to utilise the losses in the future through careful tax planning.

Thanks
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