deferred tax
noun[CorU]
ukus(alsodeferred taxation)TAX
moneythat acompanyowesintaxonincomealreadyearned, but that it will notpayuntil afuturedate:
Thepoorperformancewasblamedon adeferredtaxexpenseof $5.8 million and anabnormallossof $7.9 million.
Provision must be made in theaccountsfordeferredtaxation.