Understanding Deferred Tax Rate Calculator
Download Rate Related Excel Templates for Microsoft Excel 2007 2010 from excelhawk.com Calculating your deferred tax rate is an important part of financial planning and analysis. It helps you estimate the amount of taxes you will owe in the future based on the difference between your accounting profit and taxable profit. This article will provide you with a comprehensive guide to understanding and using a deferred tax rate calculator. What is a Deferred Tax Rate Calculator? A deferred tax rate calculator is a tool that helps individuals and businesses estimate their future tax liabilities. It takes into account the differences between accounting and tax rules and calculates the amount of tax that will be payable or recoverable in future periods. How does it Work? The calculator works by considering the temporary differences between the carrying amounts of assets and liabilities for accounting purposes and their tax base. It then applies the relevant tax rates to these differences t...