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	<title>IFRS LIST.com &#187; TAX</title>
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		<title>DEFERRED TAXATION</title>
		<link>http://www.ifrslist.com/2009/03/05/deferred-taxation/</link>
		<comments>http://www.ifrslist.com/2009/03/05/deferred-taxation/#comments</comments>
		<pubDate>Thu, 05 Mar 2009 08:28:40 +0000</pubDate>
		<dc:creator>sino</dc:creator>
				<category><![CDATA[TAX]]></category>
		<category><![CDATA[DEFERRED TAX]]></category>

		<guid isPermaLink="false">http://www.ifrslist.com/?p=1199</guid>
		<description><![CDATA[dear experts,
im facing difficulties on the computation of my deferred taxation , and my boss required to do some proofing to ensure the accuaracy.
my formula is as follows: however i have purchased some assets which is under Hire purchase , please advise how do i do my proofing?












2007

2006













S$

S$


Net book value of   fixed assets







per balance sheet


2,978,924

2,169,787










Deduct: Amounts not qualifying






 for capital allowances


(1,913,430)

(1,995,091)













1,065,494

174,696


















Deduct: Written down value for






 taxation purposes as







 per computations


(930,560)

 (97,907)












(A)
134,934
 (B) 
76,789










Difference (B) &#8211;   (A)



(58,145)















 (B) &#8211;   (A) 











Proof:















Capital allowances   claimed



117,066











Deduct: ...


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		</item>
		<item>
		<title>Calculation of deferred tax</title>
		<link>http://www.ifrslist.com/2008/12/15/calculation-of-deferred-tax/</link>
		<comments>http://www.ifrslist.com/2008/12/15/calculation-of-deferred-tax/#comments</comments>
		<pubDate>Sun, 14 Dec 2008 22:25:00 +0000</pubDate>
		<dc:creator>ifrslist</dc:creator>
				<category><![CDATA[TAX]]></category>
		<category><![CDATA[CIA]]></category>
		<category><![CDATA[DEFERRED TAX]]></category>
		<category><![CDATA[DEPRECIATION]]></category>
		<category><![CDATA[DISCLOSURE]]></category>
		<category><![CDATA[EQUITY]]></category>
		<category><![CDATA[FIXED ASSET]]></category>
		<category><![CDATA[IAS]]></category>
		<category><![CDATA[IAS 1]]></category>
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		<guid isPermaLink="false">http://www.ifrsforsme.com/share/2008/12/fwd-ifrs-list-calculation-of-deferred-tx/</guid>
		<description><![CDATA[Can any one help me for calculation of deferred tax under deductable timing diference
Example: writeen down value of fixed assets as pert accounts-200
         writeen down value as per tax                      150
please privide the soluision by giving effects in the profit and loos accounts and balance sheet. The company going to introduce deferred tax in first time


Hi,
 
Here is the solution::
U need to calculate PGBP in following manner taking into consideration timing differences :
 
PBT as per P &#38; L a/c ...


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<li><a href='http://www.ifrslist.com/2008/08/27/fwd-ifrs-list-please-guide-on-this/' rel='bookmark' title='Permanent Link: Please guide on this'>Please guide on this</a></li>
<li><a href='http://www.ifrslist.com/2008/08/28/re-ifrs-list-ias-12/' rel='bookmark' title='Permanent Link: IAS-12'>IAS-12</a></li>
</ol>]]></description>
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		</item>
		<item>
		<title>Date of comercial production</title>
		<link>http://www.ifrslist.com/2008/12/15/fwd-ifrs-list-date-of-comercial-production/</link>
		<comments>http://www.ifrslist.com/2008/12/15/fwd-ifrs-list-date-of-comercial-production/#comments</comments>
		<pubDate>Sun, 14 Dec 2008 23:41:00 +0000</pubDate>
		<dc:creator>admin</dc:creator>
				<category><![CDATA[IAS 16]]></category>
		<category><![CDATA[IAS 38]]></category>
		<category><![CDATA[IFRS]]></category>
		<category><![CDATA[TAX]]></category>
		<category><![CDATA[CIA]]></category>
		<category><![CDATA[DEPRECIATION]]></category>
		<category><![CDATA[EXPENSES]]></category>
		<category><![CDATA[IAS]]></category>
		<category><![CDATA[IAS 1]]></category>
		<category><![CDATA[INTANGIBLE ASSETS]]></category>
		<category><![CDATA[International]]></category>
		<category><![CDATA[PROJECT]]></category>

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		<description><![CDATA[Dear all,
can anyone please guide me if there are any guidelines as to establish
date of commercial production in a manufacturing concern in IFRS.
thanks and regards
deepak


Hi Deepak,
I assume you are inferring to either intangible assets.
There is n...


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<li><a href='http://www.ifrslist.com/2008/12/15/interest-capitalization/' rel='bookmark' title='Permanent Link: Interest Capitalization'>Interest Capitalization</a></li>
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</ol>]]></description>
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		</item>
		<item>
		<title>Reversal of a previuos inventory writedown</title>
		<link>http://www.ifrslist.com/2008/12/15/reversal-of-a-previuos-inventory-writedown/</link>
		<comments>http://www.ifrslist.com/2008/12/15/reversal-of-a-previuos-inventory-writedown/#comments</comments>
		<pubDate>Sun, 14 Dec 2008 23:40:00 +0000</pubDate>
		<dc:creator>admin</dc:creator>
				<category><![CDATA[AUDIT]]></category>
		<category><![CDATA[IAS 2]]></category>
		<category><![CDATA[IAS 8]]></category>
		<category><![CDATA[IFRS]]></category>
		<category><![CDATA[TAX]]></category>
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		<category><![CDATA[NRV]]></category>
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		<category><![CDATA[WRITE DOWN]]></category>

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		<description><![CDATA[Dear All
Kindly feed me back regarding the reversal of any previuos writedown
that had been made in a previuos period. Is it possible to reverse a
wirte down for inventory made in 2007 to be reversed in 2008
Noting that I couldn&#8217;t reach any speci...


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</ol>]]></description>
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		</item>
		<item>
		<title>How to learn IFRS</title>
		<link>http://www.ifrslist.com/2008/12/15/how-to-learn-ifrs/</link>
		<comments>http://www.ifrslist.com/2008/12/15/how-to-learn-ifrs/#comments</comments>
		<pubDate>Sun, 14 Dec 2008 23:39:00 +0000</pubDate>
		<dc:creator>admin</dc:creator>
				<category><![CDATA[IFRS]]></category>
		<category><![CDATA[TAX]]></category>
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		<description><![CDATA[Dear All,
please give me the details how to start learning of IFRS.
and how to make career in it.
Thank you
     
 
 
 
 

I am a USA based accountant and wamt to learn more. Curious how much
implemetation has taken place in other countries?



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</ol>]]></description>
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		<slash:comments>3</slash:comments>
		</item>
		<item>
		<title>Budget</title>
		<link>http://www.ifrslist.com/2008/12/15/fwd-ifrs-list-budget/</link>
		<comments>http://www.ifrslist.com/2008/12/15/fwd-ifrs-list-budget/#comments</comments>
		<pubDate>Sun, 14 Dec 2008 22:28:00 +0000</pubDate>
		<dc:creator>ifrslist</dc:creator>
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		<description><![CDATA[Dear All
 
Can any body tell me that is budget only for expenses or can be for Asset, liabilities and income also. My openion is it can be for all (Asset, liability, Expense and income). Please help me according to the IAS/IFRS.
&#8211;
Best regard...


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		</item>
		<item>
		<title>Vigilance claim in respect of tampered meter</title>
		<link>http://www.ifrslist.com/2008/12/15/fwd-ifrs-list-vigilance-claim-in-respect-of-tampered-meter/</link>
		<comments>http://www.ifrslist.com/2008/12/15/fwd-ifrs-list-vigilance-claim-in-respect-of-tampered-meter/#comments</comments>
		<pubDate>Sun, 14 Dec 2008 22:27:00 +0000</pubDate>
		<dc:creator>ifrslist</dc:creator>
				<category><![CDATA[IFRS]]></category>
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		<description><![CDATA[
Dear All,
 
if in case an assessee has been served vigilance claim from electricity department. will this be treated as penalty under income tax act and be disallowed?
 
Regards,

Sanjay






That sounds like a local statute issue rather than a pur...


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		</item>
		<item>
		<title>Cash basis – accrual basis</title>
		<link>http://www.ifrslist.com/2008/12/15/fwd-ifrs-list-cash-basis-accrual-basis/</link>
		<comments>http://www.ifrslist.com/2008/12/15/fwd-ifrs-list-cash-basis-accrual-basis/#comments</comments>
		<pubDate>Sun, 14 Dec 2008 22:27:00 +0000</pubDate>
		<dc:creator>ifrslist</dc:creator>
				<category><![CDATA[AUDIT]]></category>
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		<category><![CDATA[ACCRUAL]]></category>
		<category><![CDATA[CASH]]></category>
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		<description><![CDATA[Dear all,
during an interview I was asked this question and I am still in doubt about the reply.
If you need to audit an entity which is going to change from a cash basis to an accrual basis accounting system, what would you audit first and why?
Thanks...


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		</item>
		<item>
		<title>Deferred Tax calculation</title>
		<link>http://www.ifrslist.com/2008/08/28/deferred-tax-calculation/</link>
		<comments>http://www.ifrslist.com/2008/08/28/deferred-tax-calculation/#comments</comments>
		<pubDate>Thu, 28 Aug 2008 15:22:00 +0000</pubDate>
		<dc:creator>ifrslist</dc:creator>
				<category><![CDATA[TAX]]></category>
		<category><![CDATA[DEFERRED TAX]]></category>

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		<description><![CDATA[Please any body can give the suggession to calculate the deferred tax under following situationThe company earned profit after tax in 2006 100 m , 2007 112 m &#38; 2008 85m and tax rate was 30%, 35% and 30% respectively. at the end of 2008 the company given the jurnal of prior years adjustment of tk 10 m relation to 2006 of 5m 2007 of m . the company does not calculate the deferred tax in any of the previous year.

 
under above circumstances how deferred tax will be calculated
ThanksDear Md ...


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