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IAS 12 Income Taxes - Coggle Diagram

- - - - Value of assets & liabilities based on tax authority
    - - Deductible
        
        Deferred Tax Asset
      - Non deductible
        
        Deferred Tax Liability
    - - Accounting value
- - - - Cost - Capital Allowance
    - - Once disposed, revaluation gain is taxable
      - Taxable TD, hence DTL
    - - Cost - Depreciation + Revaluation
  - - - Deductible expense when incurred
    - - Taxable TD, hence DTL
      - Non deductible in future
    - - Development cost capitalised
  - - - Non taxable
    - - Taxable when received
      - Taxable TD, hence DTL
    - - To receive later, hence Asset
  - - - = Cost - Capital Allowance
    - - Taxable TD, hence DTL
      - Once allowance has finished, pay tax in future
    - - = Cost - Depreciation
  - - - Deductible expense when incurred
    - - Non-deductible when received
      - Taxable TD, hence DTL
    - - Paid in advance, hence Asset
- - - - Non-deductible when incurred
    - - Deductible TD when paid, hence DTA
    - - Liability
  - - - Non-deductible when incurred
    - - Deductible TD when paid, hence DTA
    - - To pay later, hence Liability
  - - - Use intrinsic value instead of FV
    - - DTA
    - - Always nil