Deferred tax: Back to basics

[wc-ps]
Academy
Deferred tax: Back to basics

Deferred tax: Back to basics

[wc-ps]
Academy
Deferred tax: Back to basics

In brief

Is deferred tax still taxing? Deferred tax has traditionally been one of the most difficult accounting concepts to comprehend and apply. This workshop is designed to reinforce your practical knowledge and enhance your awareness of complexities in this area.

Note: pricing is customised, contact us for more information.

1 day                  Classroom/virtual

 

Target audience

 
  • Finance directors
  • Tax controllers
  • Senior management
  • Finance and tax managers/executives
  • Financial analysts
  • Regulators, academicians and accountancy students
 

Objectives

 

In this workshop, we aim to walk you through a comprehensive step-by-step approach to solving your deferred tax problems. We will take you through the process of determining tax bases, identifying temporary differences, computing deferred taxes, all the way through to recording journal entries using practical examples. We will also discuss offsetting rules and disclosures.

 

Agenda

 
  • How do the deferred tax rules apply to leases under MFRS 16 Leases?
  • What affects deferred tax in intra-group sales and transfer of assets?
  • Do entities need to provide for deferred tax on investments in subsidiaries, associates and joint ventures?
  •  Is there a different deferred tax outcome for a business combination vs. an asset acquisition?
  • Why is deferred tax asset recognition so judgmental and how do you assess whether there is ‘convincing evidence’ of future taxable profits?
  • What are the deferred tax considerations for tax incentives such as investment tax allowances, reinvestment tax allowances, accelerated deductions and tax holiday period?
 

Professional associations recognising PwC CPE points

 
  • Malaysian Institute of Accountants (MIA)
  • Malaysian Institute of Certified Public Accountants (MICPA)
  • Association of Chartered Certified Accountants (ACCA)
 

HRDF claimable

Not applicable

 

Available in

Malaysia

 

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