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Temporary difference

This topic has 1 reply, 2 voices, and was last updated 5 years ago by Stephen Widberg.

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September 19, 2020 at 5:23 am #586104
toushiga
Participant
- Topics: 424
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Hi Sir, May I know whether the CA and the tax base of the net investment in its subsidiary will be the same ? any temporary difference will arise from retranslating from subsidiary’s functional currency to presentation currency? or the temporary difference will only arise for foreign currency transaction?
September 19, 2020 at 10:25 am #586125
Stephen Widberg
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- Topics: 16
- Replies: 3441
XD on retranslation of sub from FC to PC – not a TD (I think) but it may be some time before I remember why! Never seen it in practice. I will repost if I remember (or find out more).
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