Deferred Taxation (4th Edition)

Key Features

This fourth edition now incorporates:

• Learning objectives are available at the beginning of each chapter to highlight the coverage and expectation of readers upon completion of the chapter.
• Detailed explanations of the tax treatments and tax effects of revenue transactions arising from the adoption of MFRS 15 Revenue from Contracts with Customers.
• Detailed explanations of the tax treatments and tax effects of lease arrangements arising from the adoption of MFRS 16 Leases.
• Guidance on the application of IC 23 Uncertainty over Income Tax Treatments.
• Guidance on the recognition of deferred taxes arising from a single transaction in a lease contract.
• More detailed explanation on the tax implications of adopting MFRS 9 Financial Instruments, and tax effects of banking and insurance businesses.
• Explanation on the tax effects of assets measured at fair value, including biological assets measured at fair value and investment property measured at fair value.
• Specific guidance on tax effects of items recognised outside profit or loss.
• Updates of the tax treatments for changes in tax laws since 2017, such as tax losses carried forward, real property gains tax rates and income tax rates for small - and medium- sized companies.