ΔΛΠ 12- Αναβαλλόμενη Φορολογία

Abstract

Deferred taxes—arising from differences between financial and tax accounts—are a long-standing contentious issue in financial accounting regulation, practice, and research. Debates about concepts and standards have been accompanied by doubts about whether and to what extent deferred taxes provide relevant information to users of financial statements and are employed by firms to manage their earnings. This paper systematically reviews the body of empirical evidence that has emerged over the past three decades on deferred taxes on value relevance and earnings management. Bibliographic analysis and narrative synthesis are presented within thematic categorization. Key findings show that existing research focuses on the US environment. There is considerable evidence on the value relevance of various deferred tax items, but only limited evidence that firms use deferred taxes to manage their earnings. The findings suggest implications for both future research and the regulatory debate.