Deferred tax liabiltiy for FSs (Taxable temporary difference)

Question 1

1st step

Answer 1

Current tax in TB

Question 2

2nd step

Answer 2

Tax refund in notes (goes in SFP as tax asset)

Question 3

3rd step

Answer 3

Reduction in deferred tax provision

(Tax asset + current tax) - (taxable temporary difference * income tax rate)

Question 4

4th step

Answer 4

Income tax (SPL)

Current tax in TB - Tax refund in notes - Reduction in deferred tax provision