cryptohunter
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- PPF Points
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Companies note current and deferred tax in their financial statements. Current tax is whats owed or refundable for the current period based on taxable profits or losses. Its calculated using applicable tax rates by the reporting date.
Deferred tax comes from temporary differences between assets and liabilities for financial reporting and their tax bases. These differences lead to future tax consequences, and deferred tax is recognized for these effects.
Changes in tax rates are in the financial statements when enacted. Companies also share info about uncertain tax positions being transparent about potential taxrelated risks.
Deferred tax comes from temporary differences between assets and liabilities for financial reporting and their tax bases. These differences lead to future tax consequences, and deferred tax is recognized for these effects.
Changes in tax rates are in the financial statements when enacted. Companies also share info about uncertain tax positions being transparent about potential taxrelated risks.