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Definitions from the Web

Deffered Taxation

Description: Deferred taxation refers to the postponement of paying income taxes on certain earnings or gains until a later date. This accounting concept allows businesses and individuals to delay the immediate tax liability associated with particular financial transactions, thereby providing potential financial benefits.

Examples of how it can be used:

1. Noun: The company reported a significant deffered taxation liability, indicating that they would have to pay a large sum in taxes in the future.
2. Verb: The merger allowed the business to deffer their taxation obligations for several years.
3. Adjective: The executive proposed a deffered taxation strategy to minimize the company's immediate tax burden.
4. Adverb: The business smartly chose to deffered taxation on their profits, allowing for reinvestment and growth.

Related Products: Check out these books on taxation and financial accounting:

• Taxation Made Simple: Tax Guide for Individuals and Small Businesses
• Financial Accounting and Reporting