tax deferral account statement

A postponement of tax payment (for example VAT or customs duties) on goods until a specified time or event occurs.

A tax deferral account is an accounting ledger used to postpone tax payments. It records a tax liability and its future payment in separate reporting ...

Audit of tax deferral accounts used to record tax payments or deferrals in connection with customs and import processes, ensuring proper accounting an...

A tax deferral account block is a temporary restriction on the use of a tax deferral account within accounting or customs/logistics processes. It prev...

A procedure to verify whether a tax deferral (payment postponement) granted for a shipment or a tax obligation in logistics/transport is correct and c...

The balance of an account used to defer taxes, recording amounts postponable for payment until a later tax period; represents outstanding tax amounts ...