Deferred Tax under MFRS 112

MFRS 112 Income Tax covers current and deferred tax. This workshop specifically relates to deferred tax.

It seeks to provide its participants with knowledge about the importance of providing for the effects of future taxes in the financial statements, the steps towards determining the components of the workings and thus, computing the deferred tax balance. The workshop will thus cover recognition, measurement, presentation and disclosures as required under the standard.

There will also be coverage of some practical issues, in particular in relation to deferred tax effects and considerations arising from the recent latest standards, such as MFRS 15 and MFRS 16.

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