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2012年ACCA考试《p2公司报告》讲义辅导26
IAS 12 Income taxes
Taxation consists of two components:
Current tax and deferred tax
Definitions:
Accounting profit: net profit or loss for a period before deducting tax expense.
Taxable profit (tax loss): the profit (loss) for a period, determined in accordance with the rules established by the taxation authorities, upon which income taxes are payable (recoverable).
Current tax: is the amount actually payable to the tax authorities in relation to the trading activities of the entity during the period
Deferred tax: is an accounting measure, used to match the tax effects of transactions with their accounting impact and thereby produce less distorted results.
Current tax recognition, measurement and presentation
Recognition:
IAS 12 requires any unpaid tax in respect of the current or prior
periods to be recognized as a liability.
IAS 12 requires recognition as an asset of the benefit relating to any tax loss that can be carried back to recover current tax of previous period.
Measurement:
Measured at the amount expected to be paid to (recovered from) the tax authorities
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