Page 5 - PowerPoint Presentation

INCOME TAXES

Outcomes

• Understand and calculate the implications of tax losses

(recognised and unrecognised) on current and deferred

tax.

• Calculate and recognise the income tax line in the

statement of profit or loss and other comprehensive
income.

• Disclose the income tax expense in the notes to the

statement of profit or loss and other comprehensive

income.

• Calculate and recognise all tax balances for the
statement of financial position, for example the

deferred tax balance and tax payable.

• Disclose income tax and deferred tax in the notes to the

financial statements.

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