Tax deferral account balance

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 ...

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...

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

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...

Release by the tax authority of funds held on a tax deferral account, i.e., permission to access or use amounts that have been deposited to defer tax ...