PIB 3.13.9 Guidance
1. Associated deferred tax liabilities of the
Authorised Firm used for the purposes of PIB Rule 3.13.9 may not include deferred tax liabilities that reduce the amount of intangible assets or defined benefit pension fund assets required to be deducted. The amount of associated deferred tax liabilities referred to in this guidance should be allocated between the following:
a. deferred tax assets that rely on future profitability and arise from temporary differences that are not deducted as part of a threshold exemption for deductions from CET1 Capital; and
b. all other deferred tax assets that rely on future profitability.
Authorised Firm should allocate the associated deferred tax liabilities according to the proportion of deferred tax assets that rely on future profitability that the items referred to in Guidance note 1a and b represent.
Derived from RM111/2012 (Made 15th October 2012). [VER20/12-12]