(18) As regards deferred income tax assets liabilities, it is required to list the beginning balance and ending balance in the account book of the confirmed deferred income tax assets liabilities item by item, and list the deductible temporary variance and deductible losses of unconfirmed deferred income tax assets.

Deferred credits and other liabilities

(k) Deferred charges shown under other assets

(31) As regards income tax expenses, it is required to make disclosure of the composition of income tax expenses (proceeds), including current income tax and deferred income tax it is also required to make disclosure of the relations between income tax expenses (proceeds) and accounting profits.

Income, deferred

Deferred retirement benefit

Deferred chargesc

(m) Deferred charges.

Note 4. Deferred charges

Note 13. Deferred income

Pledges received for future years are recorded as deferred income

c Excludes deferred credits of 127.4 million, being expenditures reimbursable by Member States.

Due from UNAVEM b Comparative figures are reclassified to conform to current presentation.

However, such flat taxes may significantly reduce the progressive impact of taxation.

Other receivables and deferred charges

The notification also said that the overseas investors actually recovered the direct investment which enjoyed the policy treatment of temporary exemption from withholding income tax via equity transfer, repurchase and liquidation. The deferred tax should be reported and paid to the tax department according to stipulated procedures within 7 days after actually collecting relevant payments.

Note 9. Accounts receivable and deferred charges

(h) Deferred income Deferred income as at 31 December 1997 and 1995, in millions of United States dollars, is shown in statement V

Deferred income consists of contributions received in advance for future periods and included the following (in United States dollars)

Formerly, such balance had been treated as deferred charges pending an accounting by IAEA of the unspent balance.

a Excludes deferred credits (reimbursable by Member States but not for the current period) of 127.4 million.

Thus, goods in transit to and from Paraguay can now remain in storage without payment of duties, taxes and other levies for up to 180 days, extendable for a further 90 days.

(iii) Deferred credits include income received for future periods and income received but not yet earned

The presentation of deferred charges in previous financial statements included inter office transactions pending processing, which is now shown as a separate category

ITC has been in consultation with the Accounts Division of the Office of Programme Planning, Budget and Accounts at United Nations Headquarters on the accounting treatment of deferred charges and deferred income for financial reporting.

(e) Deferred charges The totals below provide a comparison of the amounts shown in statement V as deferred charges, in millions of United States dollars, as at 31 December 1997 and 1995

, or had commuted a deferred retirement benefit under article 30 (c) .

(a) To apply cost of living adjustments to deferred retirement benefits as from age 50

(iii) Deferred charges comprise expenditure items that are not properly chargeable in the current financial period and will be charged as expenditure in a subsequent period.

Pledges received for future years for purposes specified by donors are considered deferred income and recorded as pledged and received in advance .

In the 2004 05 period, provisions reflected the application of a 5 per cent delayed recruitment factor.

At the end of 1997, these deferred charges had been reduced to 113,619.

Funds received for future years for purposes specified by donors are considered deferred income and recorded as contributions received in advance .

(iii) Deferred charges comprise expenditure items that are not properly chargeable in the current financial period and will be charged as expenditure in a subsequent period.

Unlike the PWA program, the Work Premium is a tax credit and is accessible through filing of an annual income tax return.

ITC, in liaison with United Nations Headquarters, should review the accounting treatment of deferred charges and deferred income to ensure that it is consistent with best accounting practice (para. 13).

(i) Deferred charges comprise expenditure items that are not properly chargeable in the current fiscal period and that will be charged as expenditure in a subsequent fiscal period

(ix) Income relating to future financial periods is not recognized in the current financial period and is recorded as deferred credits, as referred to in paragraph (m) (iii) below

(v) Deferred charges normally comprise expenditure items that are not properly chargeable to the current financial period. They will be charged as expenditure in a subsequent period.

Since 1994 a satellite simulator is included allowing individual measurement of the difference of the transmit and receive delays in conjunction with each time transfer measurement.

The computation of international staff costs reflects the application of a 5 per cent delayed recruitment factor.

The strategy of increasing fuel duties by an average of at least 5 per cent above the inflation rate every year is an important measure to reduce CO2 emissions.

(b) To apply cost of living differential factors to deferred retirement benefits as from the date of separation

a Cost estimates for additional 2005 06 requirements are inclusive of a 25 per cent delayed recruitment factor.

UNITAR will ensure that deferred income is recorded correctly at the closure of the biennium 2004 2005.