{"product_id":"b0hbzcjyxh","title":"IAS 12 Income Taxes in Practice: Deferred Tax, Temporary Differences, Tax Losses, Business Combinations and Pillar Two","description":"\u003cp\u003eAS 12 Income Taxes in Practice is a professional guide to deferred tax, temporary differences, tax losses, business combinations and the OECD Pillar Two global minimum tax framework under IFRS Accounting Standards.\u003c\/p\u003e\n\n\u003cp\u003eIncome tax accounting is one of the most judgement-intensive areas of financial reporting. Differences between accounting carrying amounts and tax bases affect deferred tax assets, deferred tax liabilities, effective tax rates, goodwill, other comprehensive income, equity and future tax cash flows. This book explains those relationships through a practical, transaction-based approach designed for accountants, auditors, tax professionals, finance executives, students and IFRS practitioners.\u003c\/p\u003e\n\n\u003cp\u003eThe book begins with the foundations of IAS 12, explaining current tax versus deferred tax, tax bases of assets and liabilities, taxable temporary differences, deductible temporary differences, the initial recognition rules and measurement using enacted or substantively enacted tax rates. Numerical examples show how deferred tax arises from depreciation, provisions, receivables, financial instruments, revaluations and other common transactions.\u003c\/p\u003e\n\n\u003cp\u003eA dedicated chapter examines deferred tax assets, unused tax losses and tax credits. It explains how management should assess future taxable profits, identify suitable taxable temporary differences, evaluate recoverability, apply write-downs and reinstatements, document tax-planning opportunities and meet disclosure requirements when recognition depends on future profitability.\u003c\/p\u003e\n\n\u003cp\u003eBusiness combinations receive detailed treatment through the interaction between IAS 12 and IFRS 3. The book explains deferred tax on acquisition-date fair value adjustments, customer relationships, brands, property, provisions and acquired tax losses, together with the effect of deferred tax on identifiable net assets and goodwill. Separate discussion addresses tax-deductible goodwill, subsequent tax-basis changes, investments in subsidiaries, associates and joint arrangements, outside-basis temporary differences, dividends and disposals.\u003c\/p\u003e\n\n\u003cp\u003ePractical applications also cover share-based payments, IFRS 16 leases, decommissioning obligations, IAS 16 revaluations, investment property, expected credit losses, employee benefits, financial instruments, OCI, equity allocation, offsetting and the IAS 12 tax reconciliation.\u003c\/p\u003e\n\n\u003cp\u003eThe final chapter addresses Pillar Two and the 15 per cent global minimum tax. It explains GloBE income, Covered Taxes, jurisdictional effective tax rates, QDMTT, the Income Inclusion Rule, the Undertaxed Profits Rule, the Substance-based Income Exclusion and safe harbours. The book then examines the IAS 12 amendments for Pillar Two income taxes, including the mandatory temporary exception from Pillar Two deferred tax accounting, current tax recognition, disclosure requirements, data architecture, implementation controls and financial statement preparation.\u003c\/p\u003e\n\n\u003cp\u003eIAS 12 Income Taxes in Practice connects accounting principles, tax law, financial statement preparation and global minimum taxation in one focused reference. Readers gain a structured framework for identifying temporary differences, supporting deferred tax asset recognition, measuring tax consequences correctly, preparing tax disclosures and building auditable tax accounting processes.\u003c\/p\u003e","brand":"ANT","offers":[{"title":"Ebook","offer_id":52855398269144,"sku":"YSL83465","price":5.99,"currency_code":"USD","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0835\/3356\/2072\/files\/61Rv_3IlJ-L._SY1500.jpg?v=1793418327","url":"https:\/\/www.bookmebay.com\/products\/b0hbzcjyxh","provider":"BookMebay","version":"1.0","type":"link"}