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What is Deferred Tax and how we calculate.?

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Question added by Muhammad Ishaq , Cost Controller , nestlé saudi arabia llc
Date Posted: 2018/12/25
ahtesham vohra
by ahtesham vohra , senior accountant , friends corporation stevedors private ltd

Two types of deferred tax.one is deferred tax assets and another is deferred tax liability. deferred tax assets are reduction is future taxes payable and deferred tax liability assessed or is due for the current period but has not yet been paid. A deferred tax liability records the fact the company will, in the future, pay more income tax because of a transaction that took place during the current period, 

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