Hi,
Amongst the following,
Government grants,
Subsidy,
Capital allowances,
50 percent discount sale,
Which of them will give rise to temporary difference in deferred tax? Is a government grant given like a claim or cash only?
Hi,
Amongst the following,
Government grants,
Subsidy,
Capital allowances,
50 percent discount sale,
Which of them will give rise to temporary difference in deferred tax? Is a government grant given like a claim or cash only?
That is comforting and I knew about capital allowances but not grants. So grants cannot give rise to temporary difference liability because a grant will reduce the carrying amount in two methods and assets tax base always be higher. Correct?
So does it give rise to deferred taxes?
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