A tax liability that a company owes and does not pay at that current point, although it will be responsible for paying it at some point in the future. This is often caused by a difference in a company's balance sheet, due to the differences between accounting practices and tax regulations. Occasionally, a company will have a difference in their taxable income and income before tax due to these differences, resulting in a deferred tax liability.
Related information about deferred tax liability:
- Deferred Tax Liability Definition | Investopedia
An account on a company's balance sheet that is a result of temporary differences between the company's accounting and tax carrying values, the anticipated ...
- Deferred tax - Wikipedia, the free encyclopedia
As the tax value, or tax base, is lower than the accounting value, or book value, in years 1 and 2, the company should recognize a deferred tax liability. This also ...
- Deferred Tax Liabilities
Jan 12, 2007 ... When companies delay their tax payments, they create deferred tax liability accounts (DTLs) to reflect future tax obligations. The most common ...
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Definition of deferred tax liability: A tax liability that a company owes and does not pay at that current point, although it will be responsible for paying it at some ...
- Deferred Tax Assets (Deferred Tax Liabilities)
Taxable temporary differences give rise to deferred tax liabilities. A deferred tax liability arises. If the carrying value of an asset is greater than its tax base OR ...
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1. Farm Management Guide. MF-2358. Financial Management 11—Revised November 2011. Computation of Deferred Tax. Liability — An Example. Department ...
- Tax One: Deferred Tax Liability - YouTube
May 17, 2010 ... Ken Boyd, owner of St. Louis Test Preparation (www.stltest.net) presents part 1 of his course on Understanding Tax Accounting. Boyd points out ...
- Summary of Statement No. 109 - Financial Accounting Standards ...
A deferred tax liability or asset is recognized for the estimated future tax effects attributable to temporary differences and carryforwards. The measurement of ...