Deferr tax In PT ABC recogniz warranty expenses of IDR .. According to tax these expenses are recogniz as IDR . in IDR . in and IDR . in . So the calculation of temporary differences can be duct from the warranty expense as shown in the following table Year Total Accounting warranty expense Tax guarantee expense The difference between accounting profit and tax is higher lower accounting profit Deferr tax assets end of period Deferr tax expense income.
Warranty liabilities end of period
These differences will be recover in Greece Telegram Number Data the future giving rise to temporary differences that can be duct. Temporary differences will be recogniz as a deferr tax asset equal to the difference in profit multipli by the tax rate at the time the difference is recover. In this example the applicable tax rate is . So the journal entry to record the deferr tax assets for is as follows Deferr tax assets Deferr tax income Deferr tax income will ruce the companys current tax burden. Thus the impact of this journal is that the total tax burden will be smaller compar to current taxes.
In guarantee payments
Will result in the guarantee Philippine Phone Number List liability being ruc. As a result of this transaction deferr tax assets will also decrease because the liabilities have been resolv. The ruction in ductible temporary differences will be journaliz as follows Deferr tax expense Deferr tax assets balance of IDR at the end of will be resolv in with a guarantee payment of IDR with the journal Deferr tax expense Deferr tax assets Also read Understanding SPPKP requirements and how to get it Basically Knowing deferr tax is important for you as a business owner or accountant and applying it according to PSAK rules in Indonesia which can provide complete information for users of the financial reports you create.
