Die Bilanzierung latenter Steuern nach dem neuen IAS 12

This article provides an overview of the revised IAS 12, Income Taxes, and compares it with the preceding standard as well as the recent Austrian regulation in § 198 HGB. Alfred Wagenhofer explains the new definition for deferred taxes based on temporary differences, the recognition rules and their exceptions, and the treatment of deferred taxes resulting from loss carryforwards. Moreover, he highlights the major measurement and disclosure rules.