TAX & PAYROLL

Deferred tax

Work through an asset or liability temporary difference and the required balance movement.

Your inputs

ZAR · Live calculations

Calculation settings

Temporary difference relates to

Amounts and assumptions

Accounting carrying amount RTax base RApplicable tax rate %Opening signed balance (+ liability / − asset) RRecognition of deferred tax asset %

THE NUMBERS

Your results

Required signed closing balance: R 10 800,00
Signed balance movement: R 10 800,00

Deferred tax liability. Positive movement increases a liability / reduces an asset; negative movement does the reverse.

Positive signed balances represent deferred tax liabilities; negative balances represent assets. Recognition depends on the applicable accounting framework, exceptions and recoverability assessment. A recognition percentage is your assessed input. Movement is not automatically a profit-or-loss journal: allocation to equity/OCI may be required.

IAS 12 income taxes ↗

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