Current tax liabilities are measured at the amount expected to be paid to the taxation authorities using the tax rates and laws that have been enacted or substantively enacted by the reporting date.

Question

Quizplus · Accepted Answer

Current tax liabilities are indeed measured based on the amount expected to be paid, using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date, reflecting the company's current tax obligation to the authorities.

Current Tax Liabilities Are Measured at the Amount Expected to Be