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    Inter II GENAP - Session 11 - Income Taxes

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    nathania k
    1. The company reported pretax financial income of $212 million in 2019 with various permanent and temporary differences. 2. Permanent differences included fines, entertainment expenses, and donations totaling $223.5 million. 3. Temporary differences included depreciation, insurance, credit sales, bad debt, advertising, and rent revenues totaling -$31 million. 4. The taxable income for 2019 was $192.4 million resulting in a current tax expense of $57.7 million and deferred tax expense of $9.3 million for a total income tax expense of $67.1 million and net income of $144.9 million.

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    Inter II GENAP - Session 11 - Income Taxes

    Uploaded by

    nathania k
    44 views6 pages
    1. The company reported pretax financial income of $212 million in 2019 with various permanent and temporary differences. 2. Permanent differences included fines, entertainment expenses, and donations totaling $223.5 million. 3. Temporary differences included depreciation, insurance, credit sales, bad debt, advertising, and rent revenues totaling -$31 million. 4. The taxable income for 2019 was $192.4 million resulting in a current tax expense of $57.7 million and deferred tax expense of $9.3 million for a total income tax expense of $67.1 million and net income of $144.9 million.

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    1. The company reported pretax financial income of $212 million in 2019 with various permanent and temporary differences. 2. Permanent differences included fines, entertainment expenses, and donations totaling $223.5 million. 3. Temporary differences included depreciation, insurance, credit sales, bad debt, advertising, and rent revenues totaling -$31 million. 4. The taxable income for 2019 was $192.4 million resulting in a current tax expense of $57.7 million and deferred tax expense of $9.3 million for a total income tax expense of $67.1 million and net income of $144.9 million.

    Copyright:

    © All Rights Reserved
    Download as XLSX, PDF, TXT or read online from Scribd
    Download as xlsx, pdf, or txt
    44 views6 pages

    Inter II GENAP - Session 11 - Income Taxes

    Uploaded by

    nathania k
    1. The company reported pretax financial income of $212 million in 2019 with various permanent and temporary differences. 2. Permanent differences included fines, entertainment expenses, and donations totaling $223.5 million. 3. Temporary differences included depreciation, insurance, credit sales, bad debt, advertising, and rent revenues totaling -$31 million. 4. The taxable income for 2019 was $192.4 million resulting in a current tax expense of $57.7 million and deferred tax expense of $9.3 million for a total income tax expense of $67.1 million and net income of $144.9 million.

    Copyright:

    © All Rights Reserved
    Download as XLSX, PDF, TXT or read online from Scribd
    Download as xlsx, pdf, or txt
    of 6

    Pretax Financial Income 2019 $ 212,000,000 Penyusutan Equipment:

    Permanent Difference Depresiasi (book)


    Fines (4) $ 205,000 Depresiasi (Tax)
    Entertaiment Expense (5) $ 10,000,000 2016
    Donation (7) $ 1,322,500 2017
    $ 223,527,500 2018
    2019
    Temporary Difference
    Depreciation Expense-Equipment (1) $ 2,343,750 DTA
    Depreciation Expense - Vehicle (2) $ -1,750,000 DTL Penyusutan Vehicle:
    Insurance Expense (3) $ -60,000 DTL Book
    Credit Sales (6) $ -35,250,000 DTL Tax
    Bad Debt Expense (8) $ 2,494,500 DTA
    Advertising Expense (9) $ -500,000 DTL
    Rent Revenue (10) $ 1,625,000 $ -31,096,750 DTA AFDA
    Taxable Income 2019 $ 192,430,750
    $ 180,000
    Journal:
    Income Tax Expense € 67,058,250
    Deferred Tax Asset € 1,938,975
    Deffered Tax Liability € 11,268,000
    Income Tax Payable € 57,729,225

    Partial Income Statement:


    Income before income taxes € 212,000,000
    Income tax expense
    Current € 57,729,225
    Deffered € 9,329,025 € 67,058,250
    Net Income € 144,941,750
    utan Equipment: 1 Book Tax Selisih Kategori
    $ 15,000,000 $ 15,000,000 $ 12,656,250 $ 2,343,750 DTA

    $ 30,000,000 2 Book Tax Selisih Kategori


    $ 22,500,000 $ 7,000,000 $ 8,750,000 $ 1,750,000 DTL
    $ 16,875,000
    $ 12,656,250 $ 12,656,250 3 Book Tax Selisih Kategori
    $ 2,343,750 $ 120,000 $ 180,000 $ 60,000 DTL

    utan Vehicle: 4 Book Tax Selisih Kategori


    $ 7,000,000 $ 205,000 $ - $ 205,000 Permanent Difference (+)
    $ 8,750,000
    $ 1,750,000 5 Book Tax Selisih Kategori
    X X - $10.000.000 $ 10,000,000 Permanent Difference (+)
    AFDA
    $ 255,000 6 Book Tax Selisih Kategori
    $ 352,500,000 $ 317,250,000 $ 35,250,000 DTL
    $ 2,674,500
    $ 2,749,500 7 Book Tax Selisih Kategori
    $ 1,322,500 $ - $ 1,322,500 Permanent Difference (+)

    8 Book Tax Selisih Kategori


    $ 2,674,500 $ 180,000 $ 2,494,500 DTA

    9 Book Tax Selisih Kategori


    $ 625,000 $ 1,125,000 $ 500,000 DTL

    10 Book Tax Selisih Kategori


    $ 4,375,000 $ 6,000,000 $ 1,625,000 DTA
    Permanent Difference (+)

    Permanent Difference (+)

    Permanent Difference (+)


    Pretax Financial Income 2019 Rp 564,341,425
    Permanent Difference
    Travel Expense (5) Rp 31,552,346
    Entertaiment Expense (7) Rp 13,677,060
    Interest Revenue (10) -Rp 16,000,000
    Rp 593,570,831

    Temporary Difference
    Unearned Revenue (1) Rp 20,544,000 DTA
    Bad Debt Expense (2) Rp 1,805,893 DTA
    Depreciation Expense (6) -Rp 2,916,016 DTL
    Insurance Expense (8) Rp 18,306,960 DTL
    Advertisement Expense (9) -Rp 54,040,000 DTL
    Premium Expense (11) Rp 3,612,000 DTA
    Credit Sales (12) -Rp 25,829,900 -Rp 38,517,063 DTL
    Taxable Income 2019 Rp 555,053,768

    Journal:
    Income Tax Expense € 148,392,708
    Deferred Tax Asset € 6,490,473
    Deffered Tax Liability € 16,119,739
    Income Tax Payable € 138,763,442
    AFDA 1 Book
    Rp 1,015,815 $ 23,887,778
    Rp 650,335
    Rp 2,456,228 2 Book
    Rp 2,821,707 $ 2,456,228

    Penyusutan: 3 Book
    Depresiasi (Book) Rp 11,000,000 $ 375,750,000
    Depresiasi (Tax)
    -2016 Rp 26,041,667 4 Book
    -2017 Rp 24,739,583 $ 24,000,000
    -2018 Rp 18,554,688
    -2019 Rp 13,916,016 Rp 13,916,016 5 Book
    Rp 2,916,016 $ 78,880,865

    6 Book
    $ 11,000,000

    7 Book
    $ 56,987,750
    Tahun lalu
    Book Tax Selisih Kategori 8 Book
    Rp 10,679,060 Rp 64,074,360 Rp 53,395,300 DTL $ 18,306,960
    Saldo DTL Rp 13,348,825
    9 Book
    $ 42,460,000

    10 Book
    $ 16,000,000

    11 Book
    $ 12,900,000

    Premium Expense
    Premium Inventory

    Premium Expense
    Premium Liability

    12 Book
    $ 78,577,450
    Tax Selisih Kategori
    $ 44,431,778 $ 20,544,000 DTA

    Tax Selisih Kategori


    $ 650,335 $ 1,805,893 DTA

    Tax Selisih Kategori


    $ 375,750,000 $ - -

    Tax Selisih Kategori


    $ 24,000,000 $ - -

    Tax Selisih Kategori


    $ 47,328,519 $ 31,552,346 Permanent Difference (+)

    Tax Selisih Kategori


    $ 13,916,016 $ 2,916,016 DTL

    Tax Selisih Kategori


    $ 43,310,690 $ 13,677,060 Permanent Difference (+)

    Tax Selisih Kategori


    $ - $ 18,306,960 DTL, tapi koreksi fiskal +

    Tax Selisih Kategori


    $ 96,500,000 $ 54,040,000 DTL

    Tax Selisih Kategori


    $ - $ 16,000,000 Permanent Difference (-)

    Tax Selisih Kategori


    $ 9,288,000 $ 3,612,000 DTA

    mium Expense $ 9,288,000


    emium Inventory $ 9,288,000

    mium Expense $ 3,612,000


    remium Liability $ 3,612,000

    Tax Selisih Kategori


    $ 52,747,550 $ 25,829,900 DTL

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