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Current tax assets/liabilities

27 June 2024

Can anyone explain how current tax asset and liabilities shall be presented in balance sheet with reference to relevant schedule 3 points

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2 Replies

Adhiti Mehta (ACCA student ) (42 Points)
Replied 27 June 2024

During ACCA TX paper, I practiced for tax asset and liabilities according to schedule 3. I would recommend Mirchawala's Hub of Accountancy for taxation concepts.

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Ahmad Khan (ACCA Student ) (22 Points)
Replied 11 March 2025

In ACCA in Mauritius, current tax assets/liabilities refer to taxes recoverable or payable within a year, arising from taxable profit calculations per tax regulations.