1. the amount that will be deductible for tax purpose against taxable economic benefits
2. its carrying amount less the amount that will be deductibel for tax pruposes in respect of that liability in future periods
its carrying amount.
temporary differences are differences between the carrying amount of an asset or liability and its tax base
in taxable amounts.
amounts that are deductible in determining taxable profit (tax loss) of future periods, when the carrying amount of the asset or liability is recovered or settled.
goodwill gives rise to an excluded temporary difference per IAS 12.
the period in which revenues and expenses are recognized for accounting purposes is different from the period in which such revenues and expenses are treated as taxable income and allowable deductions
amounts recognized as part of accounting profit are not recognized as part of taxable profit (or vice versa).
Tax base - carrying amount
no amount is deductible for tax purposes, so the tax base is always equal to its carrying amount, and temp diff is 0
the amount is deductable for tax purposes and the de carrying amount and tax base are not equal.
the carrying amount less the amount that is deductible for tax purposes (the carrying amount) in future years, so the tax base is €0. And thus the temporary difference is always the same as the carrying amount.