Australia Deferred tax for finance lease


K

KWU

Joined
Oct 13, 2016
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Australia
Hi there,
I'm wondering if I need to record deferred tax assets and liabilities for finance lease. Because tax law does not recognize finance lease, so the tax base for the leased asset and lease liability are both zero. The question is, is this considered as temporary difference thus DTA and DTL arise, or it is permanent difference so only reconciliation is needed?
Thanks.
 
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