Deferred tax and Corporation Tax
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It is easier to understand the nature of deferred tax if you treat income tax as a cost and you follow the matching concept of costs and incomes.
Income tax is just a cost of 24% of gross profit; however, in fact it is calculated on the taxation base and therefore it is necessary to calculate deferred tax in order to preserve commensurability.
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Next It is easier to understand the nature of deferred tax if you treat income tax as a cost and you follow the matching concept of costs and incomes.
Income tax is just a cost of 24% of gross profit; however, in fact it is calculated on the taxation base and therefore it is necessary to calculate deferred tax in order to preserve commensurability.
