The tax provision splits into current and deferred. Here is the repeatable process finance teams use each close.
Accounting · Topic
Tax Accounting
Tax accounting guides covering corporate income tax, deferred tax (IAS 12), tax provisions, tax reconciliation, uncertain tax positions, and the accounting treatment of tax credits and losses. For tax accountants, group controllers, and CFOs preparing quarterly tax provisions and managing the effective tax rate across multiple jurisdictions.
- 4 guides
- Updated Jun 14, 2026
Latest in Tax Accounting
Tax Accounting vs Financial Accounting: What’s the Difference?
Tax accounting and financial accounting answer to different rulebooks. Here is how they diverge and why the gap matters.
Deferred Tax Explained: Assets, Liabilities and the Provision
Deferred tax confuses many finance teams. This guide turns temporary differences into a clear, repeatable provision.
Is Taxation Fair? Exploring the Ability-to-Pay Principle
The ability-to-pay principle in taxation advocates that individuals contribute based on their financial capacity, supporting a progressive tax system where higher earners pay a greater percentage. This approach aims to promote equity, reduce inequality, and fund essential services, though it faces challenges like disincentives and tax avoidance in a changing economy.
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