Deferred Tax (IAS 12) | Explained with Examples

In this accounting lesson, we explain what deferred tax is, and go through examples of calculating deferred tax. We explain and go through an example of permanent difference, temporary difference, deferred tax asset, and deferred tax liability.
Deferred tax definition: 00:00
Accounting profit vs Taxable profit: 02:56
Tax expense explained: 04:24
Current tax explained: 04:59
Permanent difference deferred tax Explained with Example: 05:42
Temporary difference deferred tax Explained with Example: 12:18
Deferred tax liability (Taxable temporary difference) explained: 15:52
Deferred tax asset explained (Deductible temporary difference): 17:38
Deferred tax calculation examples: 19:35
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you are the most articulate accounting teacher ever. You deserve an award sir. You are rare a teacher most students wish for

[@sinovee]

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[@yebogogaz]

Happy to see a South African video out there! Made my heart beat proud! Great Video! Thanks for saving me for my ACCA exam

[@justingray8919]

An absolutely phenomenal video! As a student who works full time, you are a lifesaver. I often find my prescribed textbook throws a lot of information at once but you are provided such amazing guidance on this!

[@xbhalohoop]

I am writing my CPA exams this September and IAS 12 was always a very difficult standard for me to understand. I can now say I know how to tackle IAS 12 in Accounting cases! Thank you

[@zandilecharlottemthethwa5637]

I have never thought I will understand deferred tax like this, you just nailed it for me 🙌
The way explains this is 👌

[@drrestoran3186]

agree...

[@zanelenonjabulo5117]

I always find it hard to understand accounting CZcams videos but this is just perfect and clear ! Thank you !! 🤝

[@noncedohope5111]

Never had someone explaining deferred tax like this. Thank yo so much.

[@wandatym5184]

I just had to stop the video and write this. You are the best accounting teacher. The way everything is just clear when explain it. I've been struggling with deferred tax for a long time now.

[@zukisanisitela3535]

The way you explain it, is so good !!! thank you so much

[@warurumurugi2698]

This is what ave been looking for for Soo long. Thanks I got the information. Simple and clear.

[@motunrayogbebemiolayioye5182]

Your explanation is superb. I understand DT clearly now. You're a great teacher

[@washeemkalideen1669]

Best one .. simply explained with such clarity 👌

[@ghislainemonga866]

Thank you so much this was so clear, I am currently doing 3rd year financial accounting (advanced accounting) and this is the first time I understand deferred tax 😂

[@jackiecharlie8798]

Is this an online course?

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Like Aat?

[@phumelelepana814]

You and I same whatsapp group. He just uncomplicated my life.

[@nontokozosiphesihle5055]

Made the topic easier to understand, thank you!

[@sparaxsparax8557]

Great explanation and you made it easy to understand deferred tax. It was easy to attempt the examples on my textbook after I have watch this video. Thanks man!!

[@rmusic8969]

This is a difficult topic, but you explained it very clearly.

[@charitymothapo9096]

you are a God sent sir....i thought deferred tax was a monster. Thank you so much, with you i will surely complete this degree

[@CelestedeVries]

Thank you very much! Best deferred tax explanation I have ever listened to.

[@douglasmukuma7393]

Very articulate indeed. you have cleared all questions on the standard. I would like to follow you on other topics.

[@maridevskey]

Great vid. Thank you sir! I loved the examples. Very helpful. Watching from Germany for my accounting exam

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Outstanding teaching skills Sir 🔥🙏🏽

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Yoh... Sir , you're legit ❤️💯👏👏👏I wish you'd be my for all time financial and management accounting lecturer

[@vincychan6174]

Thank you for your video! You make deferred tax much easier to understand :-)

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You're So much thanks for clarfications and Simply undersanding

[@danielzivavose49]

MARVELLOUS.... THANK YOU SO MUCH. I ENJOYED THIS SESSION. IT MADE EVERY CHALLENGE DISAPPEAR

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Thank you so much ! This video was well explained and very helpful 👏

[@anirudhj571]

oh my god!!! this made my taxation chapter very easy!!! thanks a ton.

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I love this explanation👏👏👏

[@phumelelepana814]

Thanks a lot sir. Very happy with this session, i benefited a lot.

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Well explained, thank you sir. You make them look easier ❤❤

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I'm so grateful for this video, thank you so much 🥺

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You never disappoint!

[@feliciamudzi6161]

Much appreciation .you are great tutor.

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Thank you so much your explanation really helped me understand

[@BradleyMapa-dk8xb]

Really helpful to my question. Thank you so much sir for your well explanation on deferred tax.

[@muhibbulhaq9977]

Brilliantly explained. Kudos!

[@jasminjaffar9557]

Amazing explanation sir, thank you so much.

[@joramkemboi4790]

Beautiful presentation and very clear

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thank you. this helped alot I now understand

[@danielhambadja1217]

great explanation.

[@user-iy7zs9go8t]

thank you Mr!! helped a lot

[@roguenjgaming5189]

Brilliant video. Explained very well. Thank you!

[@paidamoyogloriamupeti1019]

Well understood. Thank you very much

[@JROTGC]

I have a better understanding of this IAS 12, now onto the complex stuff, i hope the same guy explains them as well kkk, he is good.

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Thank you. Great insight.

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well explained thank you

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Great explanation

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Good and clear explanation. I am impressed.

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Thank you so much for making this video.

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Your explanation is very clear

[@thusozakhele7583]

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Very good teaching with easy understandable examples

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Simple and clear ❤

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Thank you the tutorial was simple and clear.

[@chidochashemanyati9012]

well explained!

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You are an angel😍 thank you so much

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Excellent Tutorial

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I love this thank you very much
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[@Abramfares]

very good explaination,thank you

[@thula14]

Thank you somuch it so clear

[@amandazondi1496]

Great explanation... Follow up videos

[@MeMe-ef3bq]

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[@sheillazwomuya8594]

Thank you for the video

[@gumaportiadineo9087]

Thank you, i now understand deffered Tax

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Best of the best

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this is perfect 🤗💥

[@Heartsinmelody]

Awesome video

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good explanation

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Thank u i am 12 i am really curious and i aspire to become CA i asked papa since he is CA i understood only 75% but now i understood 100% thank you😀

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Wow thank you Sir

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very very satisfying...

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My favourite 🤩 😩💯❤️

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Thank you.....

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Wow, You have made this so easy for me to understand. I am writing my PE in June this will help

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Best of luck!

[@Tammy_3_0]

Thank you

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thank you

[@justusjohannes]

Thank alot

[@joramlinus4138]

best tutorial indeed. but I have a question. why do we calculate deferred tax or what is the importance of deferred tax? thank you in advance.

[@BradleyMapa-dk8xb]

We want more from you Sir

[@kearailo]

Thank you for this detailed and informative video #new_subbie

[@shareyourtestimony6605]

In the permanent example, if there is a temporary expense do we add or substrate and the deferred as well?

[@sinayewillie3345]

Hi Sir. I've been trying to find other videos relating to Deferred tax on your channel and I cant seem to find them. You mentioned a lecture on accruals in this video. Any assistance on how to navigate my way to related deferred tax videos? Thank you in advance.

[@priscanyamande9345]

very profound..found this a few hours before exam and am good to og

[@billywang3829]

South Africans are always the best at accounting

[@warurumurugi2698]

You promised to do another video on deferred tax when there are opening balances. We are still waiting