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deferred tax UK US noun [C or U] (also deferred taxation)
► TAX money that a company owes in tax on income already earned, but that it will not pay until a future date: »
The poor performance was blamed on a deferred tax expense of $5.8 million and an abnormal loss of $7.9 million.
»Provision must be made in the accounts for deferred taxation.
Financial and business terms. 2012.