Meaning of “deferred tax” in the English Dictionary


"deferred tax" in Business English

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deferred taxnoun [ C or U ]

uk us also deferred taxation

TAX money that a company owes in tax on income already earned, but that it will not pay until a future date:

The poor performance was blamed on a deferred tax expense of $5.8 million and an abnormal loss of $7.9 million.
Provision must be made in the accounts for deferred taxation.

(Definition of “deferred tax” from the Cambridge Business English Dictionary © Cambridge University Press)