FRS 112-Reconciliation Of Effective Tax Rate To Statutory Rate

In FRS112 on Income Taxes or IAS 12, there is a requirement for a reconciliation statement between the Effective tax rate (ETR) to the Statutory Rate in the notes to the financial statement wherein the following are normally taken up:

Non allowable expenses
Deferred tax assets not recognized
Expenses not allowed for tax purposes
Non taxable income
Differential tax rate-SME’s ( [...]

October 20th, 2008 | Tags: , | Category: Corporate Tax, EVA, Financial Strategy, Others | Leave a comment
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