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Deferred taxes after consolidation
After completing all consolidation procedures, you need to calculate deferred taxes for consolidation adjustments. To do this, use the Calculation of deferred taxes document.
Calculating deferred taxes at the consolidation level is similar to calculating deferred taxes at the individual level.
The document table contains account balances of a trial balance report instance under IFRS after consolidation and conversion to the presentation currency grouped by the Asset/liability kind for deferred taxes dimension. Similar data is collected from trial balance accounts under IFRS after translation reserve calculation, consolidation procedures, entry repetition, and intercompany transaction exclusion. Next, the difference between the balances is calculated, multiplied by the tax rate, and entries are generated based on the algorithm used to calculate deferred taxes at the individual level. These entries reflect consolidated deferred taxes.