This video by Arif Irfanullah discusses the key aspects of income taxes, as a part of the CFA Level 1 syllabus. This is one of the most difficult sections in the CFA syllabus.

This video discusses:

• Taxes Payable and Tax Expense
• Creation of Deferred Tax Liability
• Changes in Income Tax Rates
• Permanent Differences
• Effective Tax Rate
• Unused Tax Losses and Tax Credits
• Valuation Allowance
• Presentation and Disclosures
• Comparison of IFRS and U.S. GAAP