Saulvane has 1,000,000 of tax losses carried forward. According to the forecasts used (case assumptions, judged probable), its taxable profit before these losses expire will reach 600,000. Tax rate: 25%. Compute the usable losses and the deferred tax asset.
- Unused tax losses
- 1,000,000
- Probable taxable profit before expiry
- 600,000
- Tax rate (%)
- 25 %