A tax deferral account is a transitional ledger account used to record tax liabilities that have arisen but are not yet due for payment – for instance, deferred import duties or postponed import VAT.
Source: https://www.investopedia.com/terms/t/tax-deferral.asp
Tools that match this term
You might also be interested in these terms
Weekly: Top news, industry facts and insights from the world of logistics – free.
Share your knowledge, ask follow-up questions, or add practical insights to this page. Every contribution is moderated before publication.