CERTYNEX IFRS ACADEMY

Yspala, headquartered in country H, uses an applicable rate of 27%: 22% national income tax plus 5% local tax levied on a comparable taxable profit (case data). What must its note contain?

Only the rate of 27%, its composition being internal information.

The rate of 27% and its basis of computation (national and local taxes aggregated).

Only the national rate of 22%, local tax being excluded in principle from any reconciliation.

The year's effective rate, which replaces the applicable rate.