deferred tax


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Related to deferred tax: Deferred Income Tax, Deferred tax expense

Deferred Income Tax

On a balance sheet, a tax that a company will owe on its income, but that has not yet been assessed. Because of differences between tax regulations and the Generally Accepted Accounting Principles, income may be recognized on a balance sheet for accounting purposes, but not for tax purposes. However, that income will eventually be recognized for tax purposes and income tax will then be assessed. This tax is called deferred income tax, and is recorded as a liability on the balance sheet.

deferred tax

a PROVISION which a company may make to reflect the difference between CORPORATION TAX actually payable (based on CAPITAL ALLOWANCES), and the tax which would have been payable if the charge had been based solely on accounting profits (reflecting DEPRECIATION rates applied).
References in periodicals archive ?
The new federal tax law resulted in the remeasurement of tax-related items during the fourth quarter, primarily a deferred tax liability that results from deferred gains related to originated MSRs and a deferred tax asset that relates to the step up in basis on exchange of Private National Mortgage Acceptance Company, LLC unitholders for PFSI Class A common stock.
9m on deferred tax liabilities on 30 September 2017; a negative EUR26.
Based on preliminary analysis, TCF expects to record a one-time net tax benefit in an estimated amount of between USD 120 million and USD 140 million primarily related to the revaluation of these deferred tax items.
Under the ASU, all deferred tax assets and liabilities, as well any valuation allowances, will be netted and presented in a classified balance sheet as one noncurrent amount.
KEYWORDS: income tax, accounting options and policies, fiscal policies and options, deferred tax, fiscal consequences, assets, liabilities.
At the time of the acquisition, a company must recognize deferred tax assets and liabilities related to the acquired assets and liabilities and also recognize any related valuation allowance (see ASC paragraph 805-740-25-2).
The interest charge is calculated on the applicable percentage of the deferred tax liability at the end of each year.
In this respect in 2008 resulted a taxable temporary difference that will lead to the recording of a debt concerning the deferred tax of 3,200 lei.
Five banks will be affected most by the tax cut, due to their large amount of deferred tax assets deriving from their loss in previous years.
The amount of the net operating loss must be multiplied by the tax rate in order to determine the amount of the deferred tax asset.
As the stock market slides, more stock options and related deferred compensation instruments are "underwater," and the related deferred tax assets may no longer be recoverable.