Tax base

By Tolley in association with Nick Watson
Tax base

The following Corporation Tax guidance note by Tolley in association with Nick Watson provides comprehensive and up to date tax information covering:

  • Tax base
  • Rules for determining tax base
  • Manner of recovery

Rules for determining tax base

The tax base under IFRS is defined by one of four rules. These are:

  • the tax base of an asset is the amount that will be deductible for tax purposes against any taxable economic benefits that will flow to an entity

More on Deferred tax and tax disclosures under IFRS: