EIOPA · 2196 - Reflection of deferred tax assets in S.23.01
Own Funds (OF)
- Regulation
- (EU) No 2017/1469 - standardised presentation format for the insurance product information document, Guidelines on classification of own funds
- Article
- N/A
- Topic
- Own Funds (OF)
- Submitted
- 2020-09-23
- Answered
- 2022-11-16
Question
Hi could i check my understanding, i have a deferred tax asset on my balance sheet, does this have to be reflected in "Own Funds" in R0160, C0050 Tier 3
Background
I have a tax asset and not sure what if i have to reflect on own funds
Answer
Yes, as deferred tax assets reported on the balance sheet should be net from deferred tax liabilities according to Guideline 9 on the valuation of assets and liabilities other than technical provisions, in line with IAS 12.71. Therefore, S.23.01, R0160 / C0050 corresponds to the value of deferred tax assets in the solvency balance sheet S.02.01, R0040 / C0010.
This Q&A is published by European Insurance and Occupational Pensions Authority and is non-binding. It does not constitute legal advice. Updated weekly from official ESA sources.
Similar Q&As
📋 Track EU financial regulation continuously
Forseti monitors EU financial regulation and delivers personalised alerts anchored to verified official sources.
14-day free trial. No credit card required.