CERTYNEX IFRS ACADEMY

Pernelle holds a trade receivable of 90,000. The related revenue has already been included in its taxable profit, so the collection will not be taxed (case data). What is the tax base of the receivable?

90,000, equal to the carrying amount.

Nil, since the collection will not give rise to any tax deduction.

The amount of tax already paid on that revenue.

Nil until the customer pays, then 90,000 on collection.