Artículo 7. IAS 12 Paragraph 7

The tax base of an asset is the amount that will be deductible for tax purposes against any taxable economic benefits that will flow to an entity when it recovers the carrying amount of the asset. E5 If those economic benefits will not be taxable, the tax base of the asset is equal to its carrying amount. [ Refer: Illustrative Examples Part C paragraphs 1⁠–⁠4 Illustrative Examples: Illustrative computations and presentation examples 1⁠–⁠4 ] Examples 1 A machine cost 100. For tax purposes, depreciation of 30 has already been deducted in the current and prior periods and the remaining cost will be deductible in future periods, either as depreciation or through a deduction on disposal. Revenue generated by using the machine is taxable, any gain on disposal of the machine will be taxable and any loss on disposal will be deductible for tax purposes. The tax base of the machine is 70 . 2 Interest receivable has a carrying amount of 100. The related interest revenue will be taxed on a cash basis. The tax base of the interest receivable is nil . 3 Trade receivables have a carrying amount of 100. The related revenue has already been included in taxable profit (tax loss) . The tax base of the trade receivables is 100 . 4 Dividends receivable from a subsidiary have a carrying amount of 100. The dividends are not taxable. In substance, the entire carrying amount of the asset is deductible against the economic benefits. Consequently, the tax base of the dividends receivable is 100 . (a) 5 A loan receivable has a carrying amount of 100. The repayment of the loan will have no tax consequences. The tax base of the loan is 100 . (a) Under this analysis, there is no taxable temporary difference. An alternative analysis is that the accrued dividends receivable have a tax base of nil and that a tax rate of nil is applied to the resulting taxable temporary difference of 100. Under both analyses, there is no deferred tax liability.