The pitfalls of deferred and effective tax in Czech accounting and IFRS

The calculation, recognition and presentation of deferred tax is a relatively laborious exercise that many companies are not exactly keen on. It requires a good knowledge of accounting theory and tax rules as well as an understanding of the substance of the transactions that result in deferred tax.

No dates available. If you are interested in attending the training, please fill the form.

Who are the intended participants?

  • Accountants, analysts and internal audit and finance staff seeking practical exercises in these matters.


  • Deferred tax under Czech accounting regulations.
  • The option/obligation to recognise deferred tax.
  • Effective tax and its reconciliation.
  • Special cases that may occur with respect to deferred tax (initial recognition of deferred tax, tax rate changes, consolidation, company conversions).
  • Correlation between deferred and current tax.
  • Deferred tax under IFRS.


After the completion of the course, you will:

  • Understand the essence and logic of deferred tax.
  • Be able to perform a reconciliation of effective tax.
  • By analysing the calculation of current tax, you will be able to identify areas giving rise to deferred tax and calculate deferred tax under Czech legislation as well as in accordance with IFRS.
  • Know how to treat deferred tax within a reporting package and how important it is to reconcile deferred and effective tax and equity (including deferred tax) after making IFRS adjustments.


The financial departments of the P3 Parks Group together participated in a one-day training course on current and deferred tax at the KPMG Business Institute. The focus of the course was to provide participants with an overview of typical items that influence an entity’s tax base, their effect on local deferred tax, and the effective use of tax rates to assess the accurate calculation of tax. Practical examples provided participants with the opportunity to test their newly-acquired understanding. Selected transaction types were then examined further in view of the different legislative approaches in the individual countries in which the P3 Parks Group is active. The expectation was that this training course would provide solid knowledge on deferred tax to the country representatives as well improve the quality of internal tax reporting processes. The training course certainly fulfilled our expectations.

PointPark Properties s.r.o., Lenka Mičianiková, Group Reporting Manager
Lenka Mičianiková, Group Reporting Manager

The pitfalls of deferred and effective tax in Czech accounting and IFRS

Course fee: 6 800,- CZK ex. VAT
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