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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: 04:24 Current tax explained: 04:59 Permanent difference deferred tax Explained with Example: 05:42 Temporary difference deferred tax Explained with Example: 12:18 Deferred tax liability (Taxable temporary difference) explained: 15:52 Deferred tax asset explained (Deductible temporary difference): 17:38 Deferred tax calculation examples: 19:35 Check out other straightforward examples on our channel. We also offer one-on-one tutorials at reasonable rates. Connect with us: Email: [email protected] Our Website: https://Counttuts.com Our Facebook Page:   / counttuts   Support our Efforts: paypal.me/counttuts