Talk:Deferred tax

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Taxation (inactive)

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Untitled

Expert needed - the article makes generalisations and does not distinguish between various local GAAPs and IFRS. There is no deferred tax under some European GAAPs (e.g. Belgian GAAP AFAIR). It needs to provide more context for some terms but be technically specific where appropriate. --Danrees 08:47, 25 August 2006 (UTC)[reply]

I added annuities because in the US they provide tax deferral and belong on the list 68.6.45.250 04:34, 1 November 2007 (UTC)[reply]
I removed Roth IRA, as it is not a tax deferred type account.--Billymac00 (talk) 21:29, 7 February 2008 (UTC)[reply]

Split

This article deals with two unrelated topics - first, the accounting treatment of tax and possible deferrals, and second, using pension or retirement savings accounts for an individual to pay tax later rather than sooner. These should be separated. Stifle (talk) 12:25, 27 March 2008 (UTC)[reply]

Agreed, these are totally different topics as deferred tax is a pure accounting concept. I will move the section on tax deferral to a new page. --DWR (talk) 02:39, 22 April 2008 (UTC)[reply]

Overhaul of article

The article previously focused specifically on temporary differences.

Some GAAPs such as UK GAAP adopt a timing difference (P&L) approach, so I have added sections relating to this.

Have also removed some repetition in the previous article. --DWR (talk) 03:27, 22 April 2008 (UTC)[reply]

I have also added in example to the temporary differences section. --DWR (talk) 00:40, 23 April 2008 (UTC)[reply]

Peer review

Morphh

I'm going to try and review this more completely later but at first glance, here are some things to work on.

More references, and footnotes go after punctuation (See WP:FOOT).
Increase the size (at least two paragraphs) of the lead to summarize the article (See WP:LEAD).
Reorder TOC per WP:GTL, consider a "See also" section
Don't repeat the article title in the header titles if possible (See WP:HEAD).
Consider reducing bullets if the material can be easily read in paragraph form (See WP:MOS)

Keep up the great work. Morphh ^(talk) 13:12, 25 April 2008 (UTC)[reply]

The discussion of "derecognition of deferred tax assets/liabilities" is not accurate. Management's assessment of a valuation allowance against a deferred tax asset needs to be addressed more thoroughly and the article. In addition, DTLs are not evaluated to be "derecognized" as DTAs are. In what situation would one "derecognize" a DTL? If there was a DTL erroneously recorded in a prior period this would not be a "derecognition" event. 68.108.27.221 (talk) 09:05, 11 April 2010 (UTC)[reply]

Question

I'm a learner but I found something may not be correct in the example. Isn't it the comparison should be based on the value of the depreciation amount but not the asset's remaining book value.

ie

                               Yr 1   Yr 2  Yr 3  Yr 4

straight line dep'n expenses 200 200 200 200 reducing balance dep'n expenses 250 187 141 106 Difference 50 (13) (59) (94) And apply 35% to the difference 18 (5) (20) (33)

And the last row is the deferred liailities/ (assets)?

Chesterky (talk) 12:48, 15 May 2008 (UTC)[reply]

No, you are not correct. You are describing the 'timing differece' (i.e. profit and loss approach). Bot US GAAP and IFRS have a 'temporary difference' (balance sheet) approach which compares the tax base (i.e. tax depreciation remaining for fixed assets) with the accounting value (net book value of fixed assets). --DWR (talk) 20:14, 11 June 2008 (UTC)[reply]

Calculation error?

	Purchase	Year 1	Year 2	Year 3	Year 4
Accounting value	$1,000	$800	$600	$400	$200
Tax value	$1,000	$750	$563	$422	$316
Taxable/(deductible) temporary difference	$0	$50	$37	$(22)	$(116)
Deferred tax liability/(asset) at 35%	$0	$18	$13	$(8)	$(41)

since 200-316 would be (116). No?

I feel he is right tax difference arises from the value of depreciation considered not the value of assets. I dont find any logic in considering the value of assets except the case when you are looking for net asset value of the assets or book value of assets. I think for the purpose of earnings calculation the depreciation value should be considered. —Preceding unsigned comment added by 220.226.204.200 (talk) 06:13, 25 November 2008 (UTC)[reply]

Assessment comment

The comment(s) below were originally left at Talk:Deferred tax/Comments, and are posted here for posterity. Following several discussions in past years, these subpages are now deprecated. The comments may be irrelevant or outdated; if so, please feel free to remove this section.

==Class==

Start class because broad content, but needs more indepth coverage and also more citations. Also needs to be globalized.EECavazos 04:44, 30 October 2007 (UTC)[reply]

I've revised the class to C, due to improvements since the previous rating. With a few more citations, an upgrade to B should be considered. Folklore1 (talk) 21:08, 18 January 2011 (UTC)[reply]

==Priority==

Mid priority because this is a huge topic in taxation. It is also a global topic.EECavazos 04:45, 30 October 2007 (UTC)[reply]

Last edited at 21:08, 18 January 2011 (UTC). Substituted at 13:08, 29 April 2016 (UTC)

Huh?

Coming in as a lay person this article really is as clear as mud. 2A02:C7F:4C3B:3F00:821F:2FF:FE2F:35DE (talk) 22:43, 18 May 2018 (UTC)[reply]