Can Deferred Tax assets/liabilities be discounted?

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Which one of the following temporary differences will result in a deferred tax a...
Posted by:
Moataz Ali Sobhi
17-April-2015

Accounting IAS Budgeting Internal Audit

Question added by Muhammad Faheem , Consultant- Accounts, Audit & Taxation , Basim Associates
Date Posted: 2013/12/20

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2 Answers

by Menerva Melad , Account Executive, Key Accounts , Graphic Home Company

yes

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Aziz ur Rehman ur Rehman

by Aziz ur Rehman ur Rehman , Assistant Manager Finance , Central Power Puchasing Agency (CPPA)

Deferred tax assets and liabilities should not be discounted.

consult the reference [IAS12.53]

reason is that due to uncertain element of deferred tax asset and liabilities.

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