IFRS Notes

Deferred tax assets

Deductible temporary differences
Temporary differences that will result in deductions

Deferred tax assets
Amount of income taxes recoverable in the future
due to (1), (2), (3)

(1) deductible temporary differences
(2) carryforward of unused tax losses
(3) carryforward of unused tax credits

IAS 12-pr24
Deferred tax assets are recognised
if (1) is probable

(1) there will be taxable profit, so that deductible temporary differences can be used.

IAS 12-pr24
Exception
Deferred tax assets are not recognised
from initial recognition of an asset of liability
if (1) and (2) are met:

(1) the transaction has no effect on both accounting profit and taxable profit
(2) the transaction is not a business combination