Deferred tax treatment of assets with multiple future tax consequences

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Pieter van der Zwan

Deferred tax reflects the future tax consequences that will arise when an entity’s assets and liabilities realise.  The IFRIC recently considered how an entity should determine the deferred tax implications of an asset if the recovery of the economic benefits associated with it will have multiple distinct tax consequences. This article briefly reviews the IFRIC’s agenda decision and its relevance in South Africa.

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