Helvora group acquired a logistics company 3 years ago; the goodwill of 900,000 was then equal to its tax base. Since then, the tax authority has allowed a deduction of 60,000 per year (tax data); no impairment has been recognised. The expected tax rate is 30%. Determine the temporary difference and the deferred tax at the reporting date.
- Carrying amount of goodwill
- 900,000
- Annual tax deduction
- 60,000
- Years of deduction elapsed
- 3
- Tax rate (%)
- 30 %