Tools · IAS 12
IAS 12 deferred tax schedule
UAE Corporate Tax is new, and for most businesses this is the first time deferred tax matters. Add your balance-sheet items, set their carrying amounts and tax bases, and watch the temporary differences produce DTLs and DTAs — the schedule your auditor will ask for.
| Item | Carrying amount | Tax base | Temp. difference | DTL | DTA | |
|---|---|---|---|---|---|---|
| 200,000.00 | 18,000.00 | — | ||||
| 800,000.00 | 72,000.00 | — | ||||
| -50,000.00 | — | 4,500.00 | ||||
| 820,000.00 | 73,800.00 | — | ||||
| 350,000.00 | 31,500.00 | — |
Total DTL
AED 195,300.00
Total DTA
AED 4,500.00
Net position
AED 190,800.00 DTL
Taxable temporary differences create DTLs; deductible ones create DTAs. Net presentation is permitted only when the entity has a legally enforceable right to set off and they relate to taxes levied by the same authority.
Disclaimer
Illustrative figures computed in your browser. Nothing is uploaded, stored or sent anywhere. Not accounting or tax advice; verify treatment with your advisor.