Commission Regulation (EU) 2017/1989
of 6 November 2017
amending Regulation (EC) No 1126/2008 adopting certain international accounting standards in accordance with Regulation (EC) No 1606/2002 of the European Parliament and of the Council as regards International Accounting Standard 12
(Text with EEA relevance) (revoked)
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Article 1. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Article 2. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Article 3. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
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ANNEX
Recognition of Deferred Tax Assets for Unrealised Losses

(Amendments to IAS 12)
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Amendments to IAS 12 Income Taxes
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Deductible temporary differences
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24

A deferred tax asset shall be recognised for all deductible temporary differences to the extent that it is probable that taxable profit will be available against which the deductible temporary difference can be utilised, unless the deferred tax asset arises from the initial recognition of an asset or liability in a transaction that:
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26

The following are examples of deductible temporary differences that result in deferred tax assets:
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Example illustrating paragraph 26(d)
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27. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
27A. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
28

It is probable that taxable profit will be available against which a deductible temporary difference can be utilised when there are sufficient taxable temporary differences relating to the same taxation authority and the same taxable entity which are expected to reverse:
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29

When there are insufficient taxable temporary differences relating to the same taxation authority and the same taxable entity, the deferred tax asset is recognised to the extent that:
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29A. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

EFFECTIVE DATE
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98G. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Regulation revoked (31.12.2020) by The International Accounting Standards and European Public Limited-Liability Company (Amendment etc.) (EU Exit) Regulations 2019 (S.I. 2019/685), reg. 1(2), Sch. 2 para. 57 (with reg. 20(2)) (as amended by S.I. 2020/335, regs. 1, 5); 2020 c. 1, Sch. 5 para. 1(1)