Deffered Tax

What is accounting profit

• profit or loss for the period in respect of current tax

• profit/(loss) for a period based on rulings by the IRD

• the aggregate amount included in the determination of profit

• profit or loss for a period after deducting tax expense.

What is Taxable Profit

• profit for a period based on rulings by the IRD

• payable(recoverable) due to the taxable profit(loss) for a period

• profit for a period time

• Taxable profit is the total revenue earned

What is the Current Tax

• amount of income tax payable in future period in respect of taxable temporary differences

• amount of tax payable(recoverable) due to the taxable profit(loss) for a period

• amounts of tax recoverable in future period due to temporary differences

What is Tax expense/(income)

• profit or loss for a period after deducting tax expense.

• aggregate amount included in the determination of profit for the period in respect of current tax and deferred tax.

• aggregate amount included in the determination of profit or loss for the period in respect of current tax and deferred tax.

• aggregate amount included in the determination of loss for the period in respect of current tax and deferred tax.

What is Deferred tax liabilities

• amount of income tax payable in future period in respect of taxable temporary differences

• amount of income tax payable in future period in respect