deferred tax Meaning in the Cambridge English Dictionary
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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 ​companyowes in ​tax on ​income already ​earned, but that it will not ​pay until a future ​date: The ​poorperformance was blamed on a ​deferredtaxexpense of $5.8 million and an abnormal ​loss of $7.9 million. Provision must be made in the ​accounts for ​deferredtaxation.
(Definition of deferred tax from the Cambridge Business English Dictionary © Cambridge University Press)
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