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PSAK 46

PSAK 46

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05/09/2014

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STATEMENT OF
SFAS No.
FINANCIAL ACCOUNTING STANDARDS
46
INDONESIAN INSTITUTE OF ACCOUNTANTS
ACCOUNTING FOR INCOME TAX
235
ACCOUNTING FOR INCOME TAXES
SFAS No. 4 6
ACCOUNTING FOR INCOME TAXES
SFAS No. 46
CONTENTS
Paragraphs
INTRODUCTION
Objective
01 \u2013 04
Scope
05 \u2013 06
Definitions
07 \u2013 08
Tax Base
09 \u2013 12
Recognition of Current Tax Assets and Current Tax Liabilities
13
Recognition of Deferred Tax Assets and Deferred Tax Liabilities
14 \u2013 44
Taxable Temporary Differences
14 \u2013 17
Business Combinations
18 \u2013 19
Initial Recognition of an Asset or Liability
20
Deductible Temporary Differences
21 \u2013 24
Initial Recognition of an Asset or Liability
25
Unused Tax Losses
26 \u2013 27
Re-assessment of Unrecognized Deferred Tax Assets
28
Measurement
29 \u2013 35
Recognition of Current and Deferred Tax
36
Profit and Loss
37 \u2013 39
Items Credited or Charged Directly to Equity
40 \u2013 42
Deferred Tax Arising from a Business Combination
43 \u2013 44
Presentation
45 - 47
Tax Assets and Tax Liabilities
45 - 46
Offset
47
Tax Expense
48 \u2013 63
Tax Expense (Income) related to Profit or Loss from
Ordinary Activities
48
Exchange Differences on Deferred Foreign Tax Liabilities
or Assets
49
Final Income Tax
50 \u2013 54
Accounting Treatment of Special Matters
55
Disclosures
56 - 63
STATEMENT OF FINANCIAL ACCOUNTING STANDARD NO. 46
ACCOUNTING FOR INCOME TAX
64 \u2013 86
Effective Date
86
2
2
ACCOUNTING FOR INCOME TAXES
SFAS No. 4 6
ACCOUNTING FOR INCOME TAXES
SFAS No. 46
INTRODUCTION
Objective
01

The objective of this Standard is to prescribe the accounting treatment of income taxes. The principal issue in accounting for income taxes is how to account for the current and future tax consequences of:

a.
the future recovery (settlement) of the carrying amount of assets
(liabilities) that are recognized in an enterprise's balance sheet; and
b.
transactions and other events of the current period that are
recognized in an enterprise's financial statements.
02

It is inherent in the recognition of an asset or liability that the reporting enterprise expects to recover or settle the carrying amount of that asset or liability. If it is probable that recovery or settlement of that carrying amount will make future tax payments larger (smaller) than they would be if such recovery or settlement were to have no tax consequences, this Standard requires an enterprise to recognize a deferred tax liability (deferred tax asset), with certain limited exceptions.

03

This Standard requires an enterprise to account for the tax consequences of transactions and other events in the same way that it accounts for the transactions and other events themselves. Thus, for transactions and other events recognized in the profit and loss, any related tax effects are also recognized in the profit and loss. For transactions and other events recognized directly in equity, any related tax effects are also recognized directly in equity. Similarly, the recognition of deferred tax assets and liabilities in a business combination affects the amount of goodwill or negative goodwill arising in that business combination.

04

This Standard also deals with the recognition of deferred tax assets arising from unused tax losses the presentation of income taxes in the financial statements and the disclosure of information relating to income taxes.

Scope
05
The income tax dealt with in this Standard also includes the final
tax as described in paragraph 50 \u2013 54.
06
With the validity of this Standard, SFAS No. 16, Fixed Assets and
Other Assets, paragraph 77, is declared null and void.
Definitions
07
The following are definitions of terms used in this Standard:
Income tax is the tax calculated based on the tax regulations and
imposed on the taxable income of the enterprise.
Final income tax is income tax which is final in nature, i.e.

subsequent to settlement of the enterprise\u2019s tax obligations and the income subject to the final income tax is not combined with other income subject to the non-final income tax. This type of tax may be imposed on certain types of income, transactions or business activities.

Accounting profit is net profit or loss for a period before deducting
tax expense.
Taxable profit (tax loss) is the profit (loss) for a period, determined
in accordance with the rules established by the taxation authorities, upon
which income taxes are payable (recoverable).
Tax expense (tax income) is the aggregate amount included in the
determination of net profit or loss for the period in respect of current tax and
deferred tax.
Current tax is the amount of income taxes payable (recoverable) in
respect of the taxable profit (tax loss) for a period.
Deferred tax liabilities are the amounts of income taxes payable in
future periods in respect of taxable temporary differences.
Deferred tax assets are the amounts of income taxes recoverable in
future periods in respect of:
a.
deductible temporary differences; and
b.
the carry forward of unused tax losses.
Temporary differences are differences between the carrying amount
of an asset or liability in the balance sheet and its tax base. Temporary
differences may be either:
3
3

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