Deferred tax definition

Deferred tax means the difference in the tax based on agricultural or horticultural value and the tax based on fair cash value.

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Deferred tax means the amount of any liabilities for income taxes payable in future periods in respect of taxable temporary differences together with the amount of any assets for income taxes recoverable in future periods in respect of deductible temporary differences, the carryforward of unused tax losses and the carryforward of unused tax credits as defined in International Accounting Standard 12, or the equivalent amount of any liability or asset as calculated in accordance with the applicable GAAP;

Deferred tax means a provision which deals with the timing differences in the accounting for and tax treatment of any allowable deductions and/or payment of Tax;

Examples of Deferred tax in a sentence

Deferred tax assets and liabilities are measured using enacted tax rates expected to apply to taxable income in the years in which those temporary differences are expected to be recovered or settled.
Deferred tax assets, including the tax value of tax losses allowed for carryforward, are recognised at the value at which they are expected to be realisable, either by settlement against tax of future earnings or by set-off in deferred tax liabilities within the same legal tax unit.
Deferred tax is measured based on the tax rules and tax rates applying under the legislation prevailing in the respective countries on the reporting date when the deferred tax is expected to be released as current tax.
Deferred tax is measured on the basis of temporary differences in assets and liabilities with a focus on the statement of financial position.
Deferred tax assets are reduced by a valuation allowance when, in the opinion of management, it is more likely than not that some portion or all of the deferred tax assets will not be realized.
Deferred tax assets and liabilities are recognized for the future tax consequences attributable to differences between the financial statement carrying amounts of existing assets and liabilities and their respective tax bases and operating loss and tax credit carryforwards.
Deferred tax assets, including the tax base of tax losses allowed for carryforward, are recognised at the value at which they are expected to be used, either by elimination in tax on future earnings or by set-off against deferred tax liabilities in enterprises within the same legal entity and jurisdiction.
Deferred tax assets and liabilities are measured at the tax rates that the Company and its subsidiaries expect to apply to the period when the deferred tax assets are realized or the deferred tax liabilities are settled, based on tax rates and tax laws that have been enacted or substantively enacted by the end of the reporting period.
Deferred tax is measured on the basis of the tax rules and tax rates that will be effective under the legislation applicable at the balance sheet date when the deferred tax is expected to crystallize as current tax.
Deferred tax is not reflected in the monthly management accounts.

More Definitions of Deferred tax

Deferred tax means changes in the deferred tax liability or asset that occur in a reporting period (other than those arising from the translation of deferred tax balances of foreign operations, which are treated in accordance with AASB 1012 “Foreign Currency Translation”).

Deferred tax means deferred federal income tax for purposes of United States generally accepted accounting principles.