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INCOME TAXES | 12 Months Ended
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Dec. 31, 2019
Income Tax Disclosure [Abstract] |
INCOME TAXES |
9. | INCOME TAXES
The components of income tax expense are as follows:
| Year ended December 31 |  |  |  |
(in thousands of $) | 2019 |  | 2018 |  | 2017
Current tax expense | 906 |  |  | 836 |  |  | 1,478 |
Deferred tax expense | 118 |  |  | 431 |  |  | 27 |
Total income tax expense | 1,024 |  |  | 1,267 |  |  | 1,505 |
The income taxes for the years ended December 31, 2019, 2018 and 2017 differed from the amount computed by applying the Bermuda statutory income tax rate of 0% as follows:
| Year ended December 31 |  |  |  |
(in thousands of $) | 2019 |  | 2018 |  | 2017
Effect of movement in deferred tax balances | 118 |  |  | 431 |  |  | 27 |
Effect of adjustments in respect of current tax in prior periods | 86 |  |  | (369) |  |  | (5) |
Effect of taxable income in various countries | 820 |  |  | 1,205 |  |  | 1,483 |
Total tax expense | 1,024 |  |  | 1,267 |  |  | 1,505 |
Jurisdictions open to examination The earliest tax years that remain subject to examination by the major taxable jurisdictions in which we operate are: 2018 (UK) and 2015 (Norway). Deferred taxes Deferred income taxes reflect the impact of temporary differences between the amount of assets and liabilities recognized for financial reporting purposes and such amounts recognized for tax purposes and pension. As of December 31, 2019, we have deferred tax assets of $1.1 million and deferred tax liabilities of $1.7 million.

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- Definition The entire disclosure for income taxes. Disclosures may include net deferred tax liability or asset recognized in an enterprise's statement of financial position, net change during the year in the total valuation allowance, approximate tax effect of each type of temporary difference and carryforward that gives rise to a significant portion of deferred tax liabilities and deferred tax assets, utilization of a tax carryback, and tax uncertainties information. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 740 -URI http://asc.fasb.org/topic&trid=2144680 + Details
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