Wiley Interpretation and Application of IFRS Standards

26Income Taxes

1. Introduction
2. Scope
3. Definitions of Terms
4. Identification
5. Recognition and Measurement of Current Tax
   1. Recognition of Current Tax
   2. Measurement of Current Tax
6. Recognition and Measurement of Deferred Tax
   1. Recognition of Deferred Tax
   2. Measurement of Deferred Tax Assets
7. Recognition in Profit or Loss
8. Calculation of Deferred Tax Asset or Liability
   1. Identification of Temporary Differences
   2. Identification of Exemptions
      1. Goodwill
      2. Initial Recognition Exemption
   3. Identification of Unused Tax Losses or Tax Credits
   4. Calculation and Measurement of Deferred Tax Assets and Liabilities
   5. Limitation on the Recognition of Deferred Tax Assets
      1. Future Temporary Differences as a Source for Taxable Profit to Offset Deductible Differences
      2. Tax-Planning Opportunities that will Help Realise Deferred Tax Assets
      3. Subsequently Revised Expectations that a Deferred Tax Benefit is Recoverable
9. Effect of Changed Circumstances
   1. Uncertainties over Income Tax Treatments
      1. Clarification of Application
      2. Disclosure
   2. Effect of Tax Law Changes on Previously Recorded Deferred Tax Assets and Liabilities
   3. Reporting the Effect of Tax Status Changes
   4. Implications of Changes in Tax Rates and Status Made in Interim Periods
10. Specific Transactions
    1. Income Tax Consequences of Dividends Paid
    2. Accounting for Business Combinations at the Acquisition Date
    3. Accounting for Business Combinations after the Acquisition
    4. Temporary Differences in Consolidated Financial Statements
    5. Assets Carried at Fair Value
    6. Tax on Investments in ...