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Tax calculation and disclosure example

The attached spreadsheet includes an income tax calculation and disclosure example. The example is based on a company with a balance date of 30 June 2017. The company prepares tax disclosures in accordance with NZ IAS 12.

The spreadsheet includes both current and deferred tax calculations. It shows the calculation of deferred tax on buildings and the calculation of deferred tax on revaluation gains. It also shows the accounting treatment of loss transfers.

The example has been developed primarily for training purposes, but the spreadsheet could also be used as a basis for preparing tax calculations and disclosures for financial reporting purposes.

Page last updated: 24 March 2017