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    What is a deferred tax liability?

    Answered 21-Oct-2022

    The tax liability that a company owes and does not pay at the current point, but is responsible for paying it at some point in the near future is termed deferred tax liability. It is a balance sheet item that accounts for the difference between taxes that are due in the future and the taxes paid today.

    The unrealized tax and depreciation are the type of an item that comes under deferred tax liability.

     

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