CERTYNEX IFRS ACADEMY

A deferred tax liability is recognised for all taxable temporary differences, subject to exceptions. Which ones?

Differences not expected to reverse within twelve months after the reporting date.

Those arising from the initial recognition of goodwill or, under certain conditions, of an asset or liability outside a business combination.

Those arising from accelerated tax depreciation of property, plant and equipment.

None: the standard provides no exception, every taxable difference giving rise to a liability.