- 1. If Financial Income>Financial Taxable Income=future taxable amount x tax rate
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- ☝Deferred Tax Liability
2. If Taxable Income > Financial Income=deductible temporary difference
☝Deferred Tax Asset⇢Income Tax Benefit
3. Taxable Income x Tax Rate=Current Tax Expense
4. Financial Income x Tax Rate=Total Income Tax
5. CV of Asset is higher than tax base the difference is future taxable amount (DTL)
6. CV of liability is higher than the tax base = the difference is future deferred tax asset