DEFERRED TAX

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DEFERRED TAXATION

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 [...]

By |March 5th, 2009|TAX|0 Comments

Calculation of deferred tax

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 [...]

By |December 15th, 2008|TAX|0 Comments

Shares

Good day, I would like to know how a company would record shares in its books if these were received as a gift. For example: Shares held by Mr. Brown in Company A were transferred to Company B as a gift. How would these shares be recorded in the books of Company B under IFRS? [...]

By |December 15th, 2008|IFRS|0 Comments

Deferred Tax calculation

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 & 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 Thanks […]

By |August 28th, 2008|TAX|0 Comments

Deferred Taxes

Hello All   I am working on PPA Valuations for IFRS 3. I have following two queries:   I want to understand the treatment of Deferred Taxes i.e. how are they calculated and accounted for, and whether deferred tax liability needs to be reduced from Purchase Price while calculating Goodwill. How is tax amortization benefit [...]

By |August 28th, 2008|IFRS|0 Comments

IAS-12

Does any one give me the details of IAS-12 with specific examplethanks, Zakaria   http://www.ccdg.gov.sg/frs/index.htm  See this link, this is the IFRS as adopted by Singapore authorities, the text is the same as for IFRS, only the numbering has been modified (IFRS 1 is FRS 101, IAS 12 is FRS 12),   Kind regards, Henk [...]

By |August 28th, 2008|IFRS|0 Comments

Please guide on this

Dear All, Our company has constructed a building which is to be our Head office. As part of improvements made on the buildings land, management decided to put up a garden with orchards and both Traditional and exotic trees. The garden is to beatify the environment as part of the environmental degradation measures and also [...]

By |August 27th, 2008|IFRS|0 Comments