IAS 12 Income Taxes

It requires an entity to recognise current tax liabilities and current tax assets based on the tax legislation of the environment in which the entity is operating.

Accounting profit: Profit or loss for a period before deducting tax epxense.

利润总额

Taxable profit(tax loss): the profit (loss) for a period, determined in accourdance with the rules established by the tax authorities, upon which income taxes are payable (recoverable)

应纳税所得额

Tax expense(tax income): the aggregate amount included in determing profit or loss for the period for current tax and deferred tax

所得税费用

Cusrrent tax: the amount payable(reconverable )： the amounts payable in future periods in respect of taxable temporary differences.

Deferred tax liabilities

A deferred tax liability should be recognised for all taxable temporary differences, unless the deferred tax liability arises from:

-the initial recognition of goodwill

-the initial recognition of an asset or liability in a transaction which: is not a business combination; and at the time of the transaction, affects neither accounting profit nor taxable profit

Deferred tax assets: the amounts recoverable in future periods in respect of :

Deductible temporary differences

the carry forward of unused tax losses; 

and the carry forwar of unused tax credits

Steps of deferred taxation calculation:

DT=tax rate*Temporary difference=deferred tax asset/Liability:

1. Summary the account carrying amounts adn the tax base for every asset and liability

2. Calculate hte temporary difference by deducting the tax base from the carrying amount using the pro forma:

   Asset/liability             carrying amount            tax base                    temporary difference

3. Calcuate the deferred tax liability and asset. To calculate the deferred tax liabilities, sum all positive temporary differences and apply the tax rate. TO calculate the deferred tax asset,sum all negative temporary and apply the tax rate

4. Calculate the net deferred tax liability or asset by summing the two amounts in Step. This will be asset or liability carried in the statement of financial position.

5. Deduct the opening deferred tax liability or asset. The difference will be this year's charge/Credit to profit or boss( or other comprehensive income.
   

6. 456

7. 456
   

Temprorary differences: differences between the carrying amount of as asset or liability )in the statement of financial position) and its tax base. Temporary differences may be either" taxable temporary differences: or

deductible temporary differences.

Tax base: the amount attributed to an asset or liability for tax purposes

At the end of each reporting period the deferred tax liability can be identified from a balance sheet or income statement view

-balance sheet view identifies the deferred taxation balance which is required in the statement of financial posistion

-the income statement approach identifies the deferrred tax which arises during the period

暂时性差异的特殊情况总结：
1. 其他债权投资和其他权益工具投资公允价值 变动产生的暂时性差异，不纳税调整，确认递延所提税并计入其他综合收益

2. 自行研发无形资产崮加计摊销产生的暂时性差异，纳税调整，不确认递延所得税（费用化部分加计扣除，是永久性差异

3. 权益性核 算的长期股权投资，打算长期持有的，纳税调整，不确认递延所得税：改变意图对外出售的，纳税调整，同时确认递延所得税

4. 可结转以后年度的未弥补亏损和掊款抵减，视同可抵扣暂时性差异

5. 非同一控制下免税合并产生的商誉，初始确认时账面价值大于计税基础（O），产生应纳税暂进性差异，但不确认递所所得税负债，后续因计提减值产生的差额也不确认递延所得税影响；

  同一控制下免税合并产生的商誉，初始确认时账面价值等于计税基础。后续因计提减值产生可抵扣暂时性差异的，要确认递延所得税资产；

适用所得税税率发生变化时递延所得税发生额的计算：

1. 递延所得税钡债（资产）发生额=应纳税（可抵扣）暂时性差异的期未余额*变动后税率-递 延所得税负债（资产）的期初余额

2. 递延所得税钡债（资产）发生额=应纳税（可抵扣）暂时性差异的期未余额*变动后税率+递 延所得税负债（资产）的期初余额/变动税率*（变动后税离线地图-庋动前税率）