7 Current tax should be measured using tax rate and tax law that: Have been enacted by the end of the reporting period Have been enacted by the date that the financial statements are authorized for issue Have been enacted or substantively enacted by the end of the reporting period Have been enacted or substantively enacted by the date that the financial statements are authorized for issue 8 The tax base of an asset is defined by IAS 12 as the amount which is attributable to that asset for tax purposes. If the tax base of an asset is less than its carrying amount, this is evidence of? A taxable temporary difference. A taxable permanent difference. A deductible temporary difference. A deductible permanent difference. 3