Deferred taxes and the new investment tax law

JAKOB REINEKE | July 5, 2019

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Deferred taxes under Solvency II are calculated on the basis of Art. 15 i. V. m. Art. 9 Delegated Regulation. The recognition and measurement of deferred taxes is governed by International Financial Reporting Standards (IFRS).According to IAS 12, deferred taxes are to be accrued using the balance sheet method, the so-called temporary concept. According to this method, deferred taxes are to be deferred to temporary differences between the solvency balance sheet and the taxable value, which at the time of realization results in a taxable profit or a tax deductible difference.

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BenefitMall

Headquartered in Dallas, Texas, BenefitMall works with a network of 20,000 brokers and CPAs to deliver employee benefits and payroll services to more than 200,000 small and medium-sized businesses.

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Spotlight

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