Other (Deferred Taxes)

Adjustments related to other periods (TRR disclosure)

The consideration of deferred taxes related to other periods is required for the purposes of the tax rate reconciliation [TRR]. A distinction is made between effects from the balance sheet comparison and the loss carried forward. If true-up periods are used in Income Taxes (see True-Up), the system will automatically provide a proposed value.

Entries generate a reconciliation effect in the TRR row Deferred taxes related to other periods. There are no effects on the balance of deferred taxes or in the summary.

Valuation allowances on other deferred taxes

For purposes of the allowance for deferred tax assets [balances], the tax, not the assessment basis, must be entered. Thereof notes can be used to display the corresponding P&L effect or value movement also as OCI. The entries have an effect on the Summary (displayed in the Deferred taxes (current period) table area).

Deferred tax assets on losses carried forward are revaluated in the LCF workspace. The entries are also displayed in the Report DT workspace.

Other deferred taxes (country specific position) (P&L)

The entries have an effect on the Summary (displayed in the Deferred taxes (current period) table area). This allows in particular foreign companies to enter additional deferred tax assets or liabilities.

This area is also suitable for entering special technical items. The entries are also displayed in the Report DT workspace.

Other, Prior year adjustments - OCI

The entries have an effect on the Summary (displayed in the Adjustment of Prior Periods column in the Deferred taxes summary table area). The balances of deferred taxes of the previous year can be corrected. The corresponding value movement is entered in OCI.

Adjustments GTC DT opening balances

The entries have an effect on the Summary (displayed in the Adjustment of Prior Periods column in the Deferred taxes summary table area). The balances of deferred taxes of the previous year can be corrected.

Adjustments to the previous year must be made, for example, whenever there is a difference between the opening balance sheet of the current year and the closing balance sheet of the previous year. This may be the case if manual postings were made at the reporting data level in the previous year, but this pool of data was not taken into account in Income Taxes.