Is a deferred tax asset a provision?
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Studied at the University of Barcelona, Lives in Barcelona, Spain.
Deferred tax assets generally arise where tax relief is provided after an expense is deducted for accounting purposes: a company may accrue an accounting expense in relation to a provision such as bad debts, but tax relief may not be obtained until the provision is utilized.
2023-05-17 23:44:34
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Charlotte Perez
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Deferred tax assets generally arise where tax relief is provided after an expense is deducted for accounting purposes: a company may accrue an accounting expense in relation to a provision such as bad debts, but tax relief may not be obtained until the provision is utilized.
