tax losses and deferred tax asset

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October 26, 2021 at 1:31 pm #639141
beeboowcc
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My question is let say year 2012 and 2013 the company incurred financial losses and in year 2014 there is taxable temporary difference, should the company recognize deferred tax asset ?
October 30, 2021 at 9:46 am #639456
P2-D2
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Yes, if they expect to make trading profits in the future to utilise the losses against.
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