TaxTMI 
TaxTMI 
Please Opine as to the method of valuation of Carbon Credit Points. Should it be shown as income or in Balance Sheet as Intangible assets. Currently it is valued in terms of Euro Currency.
Treatment of Carbon Credits
21 Jul 2014 
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Treatment of carbon credits: whether to recognise as income or as intangible asset and which valuation method applies.
Whether carbon credit points should be recognised as income or recorded on the balance sheet as intangible assets, and the proper method of valuation, are the central tax-accounting issues posed; the question notes that the credits are presently valued in euro terms and seeks guidance on how such valuation affects their income tax and accounting treatment. (AI Summary)
Whether carbon credit points should be recognised as income or recorded on the balance sheet as intangible assets, and the proper method of valuation, are the central tax-accounting issues posed; the question notes that the credits are presently valued in euro terms and seeks guidance on how such valuation affects their income tax and accounting treatment. (AI Summary)
