IAS 12 - Tax Base Definition of Income Received in Advance (IFRS)

[@samr317]

wow! After struggling for a month I realize the value of this lecture. Many thanks :)

[@angry_redbird]

really appreciate the time you take to explain things so that students like us can easily understand the concepts. Hats off!

[@TabaldiEducation]

+Adnan Rafiq Thank you for your comment. We are please you found benefit from these videos. Good luck with your studies.

[@kelepimakakaufaki5143]

Very helpful explanation. How about deferred income (for govt grant) would the same treatment applied? Thankx

[@phillipmokhene1156]

This was actually a bit complicated for me but you have really made it simple... Thank you! Thumbs up!!!!

[@TabaldiEducation]

+Phillip Mokhene Thank you for your comments - we are glad you find benefit from these videos

[@thamsanqamhlanga4925]

Thank you very much Richard, I have grasp so much from those basics.

[@russellkeith3300]

Instablaster.

[@archstand]

Hi. Your videos are the best I have seen hitherto!! Please do keep up the good work!!! Also, could you explain the difference between Unbilled and Unearned Revenue?

[@nimayram6029]

excellent job, hats off to you, but what is meant by tabaldi

[@TabaldiEducation]

Thank you for your comment. Stay tuned to Tabaldi for more.

[@mpotyomila3895]

Thank you so much.now i got clarity

[@qinli5240]

The example is really useful, thank you!

[@TabaldiEducation]

+Qin Li Thank you for your comment. Glad to be a help to you . Good luck with your studies.

[@Lautaro_Guindulain]

Thanks from Australia.

[@geoffblore]

Can you think of an example of when income received in advance will be taxable in the future (in other words, not taxed upon receipt by the Tax authority)?

[@TabaldiEducation]

Hi Geoff. This is obviously dependent on the tax rules in a given jurisdiction. Most countries however tax income on the earlier of receipt or accrual. Good luck with your studies and stay subscribed to our channel for more videos.

[@noks-breakingfree1943]

SARS taxes on the earlier of accrual or receipt so I don't think there is any. atleast not in SA

[@1401Sam]

Thank you so much...Its really helpfull

[@joebisco7175]

Thanks, very helpful.

[@-afandiyevc5183]

if 5k divident receivable are not taxable why taxe base is 5k?

[@TabaldiEducation]

Per IAS12.7, if the economic benefits of an asset are not taxable in the future (e.g. cash in the bank or trade receivables, because it has already been taxed), then the tax base is equal to the carrying amount. That's why there is no temporary difference.

[@zenanaiga1513]

Wow thank you so much,you have calmed my nerves

[@dhruvilbarbhaya2815]

Thanks from India....

[@pragnapaluvadi1265]

Thanks from india 😊

[@ElianaFung]

thank u so muchhhhh

[@richardgachie6080]

Genius

[@lainanambinga671]

thank you so much. you advice really helped

[@TabaldiEducation]

Thank you for your comment - glad these videos helped you and best wishes for your future studies. The Tabaldi Team

[@zeilahfazal3573]

great! thanks aloooooot

[@TabaldiEducation]

Thank you zee princess - glad to have helped.

[@mialiu2851]

Thank you so much!

[@TabaldiEducation]

Thank you for your comment. Stay tuned to Tabaldi for more.

[@eyerusalemtesfaye8045]

Tanx a lot !!!!

[@TabaldiEducation]

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[@caelb14]

thanks from new zealand

[@TabaldiEducation]

Thanks for the comment. We appreciate the positive feedback.
The Tabaldi Team