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Deferred Taxation, 4th Edition, Tan Liong Tong

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Deferred Taxation, 4th Edition aims to keep practitioners and students up to date with the current developments in accounting for income taxes. It provides a comprehensive guide to the principles and practices of tax effect accounting.

This book provides explanation, illustrations and worked examples on the accounting principles.  Some selected practice questions and answers are provided at the end of each chapter.

Key Features

This fourth edition now incorporates:

  • Learning objectives are available at the beginning of each chapter to highlight the coverage and expectation of readers upon completion of the chapter.
  • Detailed explanations of the tax treatments and tax effects of revenue transactions arising from the adoption of MFRS 15 Revenue from Contracts with Customers.
  • Detailed explanations of the tax treatments and tax effects of lease arrangements arising from the adoption of MFRS 16 Leases.
  • Guidance on the application of IC 23 Uncertainty over Income Tax Treatments.
  • Guidance on the recognition of deferred taxes arising from a single transaction in a lease contract.
  • More detailed explanation on the tax implications of adopting MFRS 9 Financial Instruments, and tax effects of banking and insurance businesses.
  • Explanation on the tax effects of assets measured at fair value, including biological assets measured at fair value and investment property measured at fair value.
  • Specific guidance on tax effects of items recognised outside profit or loss.
  • Updates of the tax treatments for changes in tax laws since 2017, such as tax losses carried forward, real property gains tax rates and income tax rates for small - and medium- sized companies.

Topic Covered

  • Basic Principles of Tax Effect Accounting
  • The Comprehensive Allocation Basis
  • The Temporary Difference Approach
  • Advanced Principles of Tax Effect Accounting – I
  • Advanced Principles of Tax Effect Accounting – II


Tan Liong Tong , Technical Consultant to Mazars Malaysia

Tan Liong Tong is a respected and experienced author on financial reporting practices. He has served as a project manager in working groups assigned to developing the Standards of the Malaysian Accounting Standards Board (MASB). He currently serves as a project manager of the MASB Working Group (WG 63) on Consolidation and as a Technical Consultant to Mazars Malaysia. High in demand as a consultant to various institutions and organisations, he has published numerous research articles, books, monographs and practice manuals in the field of financial accounting and reporting.