Financial Statements
Deferred Tax Liability
Definition
What is Deferred Tax Liability?
Tax expected to be paid in future because accounting and tax treatments differ temporarily.
Example in practice
How This Looks in Practice
Accelerated tax depreciation creates a deferred tax liability.
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Related Terms
Financial Statements
Revenue
Income generated from selling goods or services before expenses are deducted.
Financial StatementsSales Growth
The percentage increase or decrease in revenue over a period.
Financial StatementsCost of Goods Sold
Direct costs attributable to goods or services sold during a period.
Financial RatiosGross Margin
Gross profit expressed as a percentage of revenue.