Written by: Barbora Choi on Tue Oct 14
IAS 12 Income Taxes
Income taxes include all domestic and foreign taxes which are based on taxable profits, including withholding taxes payable by a subsidiary, associate or joint arrangement on distributions to the reporting entity.
“Dreams are tax-free." IAS 12 Income Taxes is 27 years old! Sign of high quality, don't you think?
Short overview of the standard, including a simple explanation of the deferred tax concept in the carousel.
headline quote by Faraaz Kazi, More Than Just Friends via Goodreads.
