CPDbox - Making IFRS Easy
  • Toggle menu
    CPDbox - Making IFRS Easy
    • Articles
      • IFRS Videos
      • Financial Instruments
      • Consolidation and Groups
      • Financial Statements
      • Revenue Recognition
    • Standards
    • IFRS courses
      • IFRS Kit – Online IFRS Course
      • IFRS Team Training Package
      • Expected Credit Loss for Accountants
      • Speak Like an IFRS Expert
      • Resources that we use
      • Free Downloads
    • IFRS Q&A
    • Contact Us
      • Contact Us
      • About Us
    • My Account
    IAS 12 Income taxes

    IAS 12 Income Taxes

    by Silvia

    Benjamin Franklin once wrote: “In this world nothing can be said to be certain, except death and taxes“. Income tax is something that can hardly be avoided by a profit-making company. You might find filling-in the tax return a demanding task because everything must be…

    IFRS Videos, Provisions and Other Liabilities 70

    Global Minimum Tax – Who? How? Any IFRS Impact?

    by Silvia

    when it comes to taxes, the world can sometimes feel like a vast and intricate puzzle. Different countries, different rules and different rates. Hmmm, that sounds like a good scope for tax planning departments of huge corporations, isn’t it? Why not designing some nice and…

    Provisions and Other Liabilities 0
    IAS12 Tax rates

    Deferred tax when different tax rates apply

    by Silvia

    What if the tax rate on capital gains is different from the tax rate on profit? How to calculate deferred tax on assets that will be recovered via both use and sale? Learn here!

    Provisions and Other Liabilities 5

    Tax Reconciliation under IAS 12 + Example

    by Silvia

    When I was an audit freshman, my least favorite task was to prepare the income tax reconciliation. I frankly hated it. Why? The main reason was that I did not understand the purpose of it. For me, it seemed like a bunch of numbers and…

    Provisions and Other Liabilities 101
    IFRS Tax holidays

    Tax Incentives – IAS 12 or IAS 20?

    by Silvia

    In my previous article about accounting for government grants I asked you to give me some feedback and write me about some problems or issues in this area. Surprisingly, most of your responses asked one and the same question: How to account for tax incentives…

    Provisions and Other Liabilities 12
    LearnDeferredTaxL

    Deferred Tax: The Only Way to Learn It

    by Silvia

    Deferred tax is neither deferred, nor tax: it is an accounting measure, more specifically an accrual for tax. I’m very proud to publish the first guest post ever in this website, written by Professor Robin Joyce FCCA who will explain you, in a detail, how…

    Provisions and Other Liabilities 61
    IAS 12 Income tax bases

    The Unconventional Guide To IAS 12 Tax Bases

    by Silvia

    Last week I published an article with summary of the standard IAS 12 on Income taxes. It’s not an easy text to read and some definitions in IAS 12 are so obscure that many people grope in the fog unsure what to do. When it…

    Provisions and Other Liabilities 53

    Practical IFRS Pack Newsletter

    IFRS Kit

    IFRS Teams

    Recent Comments

    • Saheed Kehinde on How to account for intercompany loans under IFRS
    • hassan ali on IFRS 15 Explained: Full Guide on 5-step Model for Revenue Recognition + Free Journal Entries Template
    • BiG4 on IAS 23 Borrowing Costs Explained (2025) + Free Checklist & Video
    • Mpho on How to present leases under IFRS 16 in the statement of cash flows (IAS 7)
    • Silvia on IFRS 18 Explained: Full Guide + Free Video Lectures + Checklist

    Categories

    • Accounting Policies and Estimates (14)
    • Consolidation and Groups (25)
    • Current Assets (21)
    • Financial Instruments (56)
    • Financial Statements (54)
    • Foreign Currency (9)
    • IFRS Videos (74)
    • Insurance (3)
    • Most popular (6)
    • Non-current Assets (56)
    • Other Topics (15)
    • Provisions and Other Liabilities (46)
    • Revenue Recognition (27)
    • Uncategorized (1)

    Copyright © 2009-2025 Simlogic, s.r.o. All Rights Reserved.

    IFRS® is the IFRS Foundation’s registered Trade Mark and is used by Simlogic, s.r.o
    under licence during the term and subject to the conditions contained therein.

    Terms of Service

    We use cookies to offer useful features and measure performance to improve your experience. By clicking "Accept" you agree to the categories of cookies you have selected. You can find further information here.

    STAY AHEAD IN IFRS

    the Practical IFRS Pack — including checklists, journal entries, and cheat sheets you can actually use.


    Please check your inbox to confirm your subscription.