How to Account for the Corporate AMT

A company is going to account for this incremental tax owed under the corporate AMT system as incurred. And it's going to continue to measure its deferred taxes at the regular statutory rate. Under IFRS you are expected to consider your corporate AMT status. So think about it if a company's projections of future taxable profits indicate that a certain amount of deductible temporary differences will not be realized because the company is expected to be subject to corporate AMT, it needs to take that into accounting for its deferred tax assets.