Tutor Ricky

This quick explainer breaks down Deferred Tax Liabilities (DTL) under HKAS 12. Using simple visuals, it shows how temporary differences between accounting profit and taxable profit create DTLs—for example, accelerated depreciation in tax vs. accounting records.

The video highlights why DTLs matter, how they impact future tax payments, and gives a practical illustration to help students and professionals grasp the concept in seconds.

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HKAS 16 - Property, Plant and Equipment (PPE)

HKAS 16 Property, Plant and Equipment (PPE) governs the accounting treatment for tangible assets used in production, supply, rental, or administration for more than one period.

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HKAS 12 - Income Taxes

Deferred tax liabilities are recognized for all taxable temporary differences with limited exceptions. Deferred tax assets require probable future taxable profit.

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