Regulatory Alerts2011-12-12
Added · Updated
BRPD Circular No. 11: Maintenance of Deferred Tax Accounts
Banks operating in Bangladesh must recognize Deferred Tax Assets and Liabilities in financial statements in accordance with Bangladesh Accounting Standards. Deferred Tax Assets require specific disclosures in the Notes to the Accounts, including calculation methods and expected adjustment times. For Islamic Shariah-compliant banks, recognized Deferred Tax Assets on provisions cannot be distributed as dividends and must be deducted when calculating Regulatory Eligible Capital. This circular takes effect immediately and cancels BRPD Circular No. 6 dated 31 July 2011.
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Topics
capital
islamic-finance
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