The difference between IAS 12 and VAS 17 on Corporate Income Tax is that tax loss can be carried forward to previous tax periods. The tax loss carryforward provisions allow entities to offset all or part of their tax losses against their tax liabilities for the current or prior years. In general, entities can carry forward tax losses to previous years instead of subsequent years.
IAS 12 note: An entity should account for the tax consequences of transactions and other events in the same way it accounts for the transactions or other events themselves.
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