CERTYNEX IFRS ACADEMY

How is the current tax liability for a period already ended, for which the tax return has not yet been filed, measured?

At its present value, as payment occurs after the reporting date.

At the amount of the last return filed, as there is no return for the period yet.

At the amount the entity expects to pay, using the rates and laws enacted or substantively enacted by the reporting date.

At the amount shown in the tax assessment, once received.