Deferred Income Tax
In other words, this would mean that income has been realized, but the tax on that income has not.
For example, let's say that the amount of tax that a business should pay is $100,000, but due to tax laws, the amount actually payable for this fiscal year is $85,000. The additional $15,000 would be a deferred income tax liability that the company would need to pay later on.
Investment dictionary. Academic. 2012.
Look at other dictionaries:
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