Tax deferral account block

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...

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

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 ...