In May 2017, the AASB issued draft guidance to the TTC with the aim of assisting corporations to meet the TTC recommendations. As a potential user of the draft guidance, your feedback is important to us in assessing how helpful our guidance has been to you in preparing and presenting TTC disclosures, and will help us think about how best to finalise the guidance.

* 1. Does the guidance clearly explain the key TTC terms? (For example, income tax payable, income tax paid, accounting profit, company tax expense.)

* 2. Is the guidance outlining factors to consider in preparing and presenting TTC disclosures useful?

* 3. Would further guidance and / or an example on setting out Part A disclosures for an entity that incurs tax / accounting losses be helpful?

* 4. Are the illustrative examples helpful for entities generating accounting profit / taxable income?

* 5. Does the guidance clearly explain what Australian and global operations mean?

* 6. Does the guidance clearly explain what company tax expense means?

* 7. Is the guidance helpful in working out how and what an entity needs to disclose in presenting a TTC ETR?

* 8. Is the guidance helpful in working out how and what an entity needs to disclose in presenting a reconciliation of accounting profit to income tax expense to income taxes paid or payable?

* 9. Are there any other matters regarding Part A of the TTC you believe the draft guidance should address?

* 10. Would further guidance in relation to Part B disclosures be useful?

Page1 / 1
 
100% of survey complete.

T