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Deferred Tax (IAS 12) | Explained with Examples
In this accounting lesson, we explain what deferred tax is, and go through examples of calculating deferred tax. We explain and go through an example of permanent difference, temporary difference, deferred tax asset, and deferred tax liability. Deferred tax definition: 00:00 Accounting profit vs Taxable profit: 02:56 Tax expense explained: 04: ...
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