413 definitions found
AASB 112
Definition
5[3]
Tax expense (tax income) is the aggregate amount included in the determination of profit or loss for the period in respect of current tax and deferred tax …
AASB 112
Definition
5[4]
Current tax is the amount of income taxes payable (recoverable) in respect of the taxable profit (tax loss) for a period. …
AASB 112
Definition
5[5]
Deferred tax liabilities are the amounts of income taxes payable in future periods in respect of taxable temporary differences. …
AASB 112
Definition
5[6]
Deferred tax assets are the amounts of income taxes recoverable in future periods in respect of: (a) deductible temporary differences; (b) the carryforward of unused tax losses; and (c) the carryforward of unused tax …
AASB 112
Definition
5[7]
Temporary differences are differences between the carrying amount of an asset or liability in the statement of financial position and its tax base. Temporary differences may be either: (a) taxable temporary differences , which are temporary differences …
AASB 112
Definition
5[8]
The tax base of an asset or liability is the amount attributed to that asset or liability for tax purposes. …
AASB 112
Definition
6
Tax expense (tax income) comprises current tax expense (current tax income) and deferred tax expense (deferred tax income). …
AASB 4
Definition
[1]
cedant The policyholder under a reinsurance contract. deposit component A contractual component that is not accounted for as a derivative under AASB 9 and would be within the scope of AASB 9 if it were a separate instrument. direct insurance contract An …
AASB 4
Definition
Additional
Australian defined terms – see Appendix C. …