- This topic has 4 replies, 2 voices, and was last updated 3 years ago by
.
Viewing 5 posts - 1 through 5 (of 5 total)
- Posts
Hello Tutor,
Could you kindly explain this statement to me?
”liabilities arising from the initial recognition of an asset/liability other than in a business combination which, at the time of the transaction, does not affect either the accounting or the taxable profit and at the time of the transaction, does not give rise to equal taxable and deductible temporary differences. [IAS 12.15(b)]”
Thank you.
And one more thing please,
Tax base of Zero and Tax base Nil, are they both same?
Thanks.
Q1. No DT at the time of the initial recognition of a lease – Right of Use asset and Lease liability
Q2. Zero = Nil 🙂
Viewing 5 posts - 1 through 5 (of 5 total)
- The topic ‘IAS 12 initial recognition exemption deferred tax’ is closed to new replies.