12-31-2009, 04:16 AM
As salam o Alekum to all.
I'd highly appreciate it if anyone could explain tax bases of an asset and liability as defined in IAS 12 with the help of some examples and secondly if someone can show me by way of example and explanation how taxable temporary differences lead to deferred tax liabilities and deductible tax differences lead to deferred tax assets.
Thanks
I'd highly appreciate it if anyone could explain tax bases of an asset and liability as defined in IAS 12 with the help of some examples and secondly if someone can show me by way of example and explanation how taxable temporary differences lead to deferred tax liabilities and deductible tax differences lead to deferred tax assets.
Thanks
