Sample Disclosure – Income Taxes (30 November 2008)

Income tax Income tax on the profit or loss for the period comprises current and deferred tax. Current tax is the expected amount of income taxes payable in respect of the taxable profit for the period and is measured using the tax rates that have been enacted...

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Tagged As: Accounting policy, deferred tax, deferred tax assets, deferred tax liabilities, income taxes, notes to the accounts, notes to the financial statements, sample disclosure, Sample Disclosure in Financial Statements, tax base, temporary differences