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What is a deferred tax asset?

Mia Coleman | 2023-05-07 23:43:51 | page views：1665
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Felix Johnson

Studied at the University of Cape Town, Lives in Cape Town, South Africa.
Deferred tax asset is an accounting term that refers to a situation where a business has overpaid taxes or taxes paid in advance on its balance sheet. These taxes are eventually returned to the business in the form of tax relief, and the over-payment is, therefore, an asset for the company.
2023-05-17 23:43:51
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Isabella Thompson

QuesHub.com delivers expert answers and knowledge to you.
Deferred tax asset is an accounting term that refers to a situation where a business has overpaid taxes or taxes paid in advance on its balance sheet. These taxes are eventually returned to the business in the form of tax relief, and the over-payment is, therefore, an asset for the company.
Deferred Tax Asset - Investopedia
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