This programme aims to provide an overview on the recognition, measurement and presentation of deferred tax. The programme will advise on how to identify and measure temporary difference for tax residents under pioneer and DEI status. The participants will be introduced to deferred tax issues on share-based payments, investment properties and business combinations. Additionally the programme will illustrate the highly complex area of uncertain tax positions under FRS. 

The programme will end with a look ahead to the key changes proposed by the new exposure draft on income tax under FRS 12 (R).

Programme Outline 

• Overview of FRS 12 “Income Tax”
• Recognition of Deferred Taxes

              – Step by Step approach

              – Temporary vs. Permanent Differences

              – Tax Base vs. Book Base

              – Tax rate

• Deferred Taxes on complex issues

              – Tax holidays (Pioneer & DEI Status)

              – Investment Property

              – Share-based payments

              – Business Combinations

                    – Fair value adjustments

                    – Initial recognition difference

                    – Tax losses of acquiree

• Uncertain tax Positions under FRS

              – Concept and Recognition criteria

              – Measurement of uncertain tax positions

              – Presentation of uncertain tax positions

• Look ahead “Exposure draft on Income tax FRS 12 (R)”

              – Key changes in recognition and measurement of deferred taxes

              – Executive summary

Intended For

A Foundation to Intermediate Level programme intended for Chief Financial Officers, Financial Controllers, Finance Managers, Auditors, Accountants and those involved in the preparation and interpretation of financial statements. Also for those who are interested to gain an understanding of an overview on the recognition, measurement and presentation of deferred tax.