Document ID: chunk:federal_register_of_legislation:F2025C00209:front:0:p43
Version: federal_register_of_legislation:F2025C00209
Segment Type: other
Provision Reference: 
Character Range: 129724–133026

arising from a previously unrecognised tax loss, tax credit or temporary difference of a prior period that is used to reduce tax expense;
           6.                     adjustments to deferred tax expense (income) arising from a change in the tax status of the entity or its shareholders;
           7.                    deferred tax expense (income) arising from the write-down, or reversal of a previous write-down, of a deferred tax asset in accordance with paragraph 56 of AASB 112 Income Taxes; and
           8.                    the amount of tax expense (income) relating to those changes in accounting policies and errors that are included in profit or loss in accordance with AASB 108, because they cannot be accounted for retrospectively.
     [IFRS for SMEs Standard paragraph 29.39]

      1.                  An entity shall disclose the following separately:
           1.                    the aggregate current and deferred tax relating to items that are recognised as items of other comprehensive income;
           2.                    the aggregate current and deferred tax relating to items that are charged or credited directly to equity;
           3.                    an explanation of the relationship between tax expense (income) and accounting profit in either or both of the following forms:
                1.                      a numerical reconciliation between tax expense (income) and product of accounting profit multiplied by the applicable tax rate(s), disclosing also the basis on which the applicable tax rate(s) is (are computed); or
                2.                    a numerical reconciliation between the average effective tax rate and the applicable tax rate, disclosing also the basis on which the applicable tax rate is computed;
           1.                    an explanation of changes in the applicable tax rate(s) compared with the previous reporting period;
           2.                    for each type of temporary difference and for each type of unused tax losses and tax credits:
                1.                      the amount of deferred tax liabilities and deferred tax assets at the end of the reporting period; and
                2.                    an analysis of the change in deferred tax liabilities and deferred tax assets during the period;
           1.                     the amount (and expiry date, if any) of deductible temporary differences, unused tax losses and unused tax credits for which no deferred tax asset is recognised in the statement of financial position; and
           2.                    in the circumstances described in paragraph 52A of AASB 112, an explanation of the nature of the potential income tax consequences that would result from the payment of dividends to its shareholders.
     [Based on IFRS for SMEs Standard paragraph 29.40]

International tax reform – Pillar Two model rules

     178A An entity shall disclose that it has applied the exception to recognising and disclosing information about deferred tax assets and liabilities related to Pillar Two income taxes (see AASB 112 paragraph 4A).

     178B An entity shall disclose separately its current tax expense (income) related to Pillar Two income taxes.

Foreign Currency Translation[28]
      1.                  In