Deferred Income Tax – Current Liability (SF.BS.DeferredIncomeTax_CurrentLiability)
Deferred Income Tax – Current Liability (SF.BS.DeferredIncomeTax_CurrentLiability) refers to income taxes estimated and expected to be paid within one year or an operating cycle, whichever is longer. When liabilities of a company are not delineated between current and non-current, all deferred income tax liabilities are classified in the non-current section as Deferred Income Tax – LT Liability (SF.BS.DeferredIncomeTax_LTLiability).
Deferred Income Tax – Current Liability (SF.BS.DeferredIncomeTax_CurrentLiability) does not include:
- Income taxes payable (classified as Income Taxes Payable (SF.BS.IncomeTaxesPayable))
- Deferred income taxes in the non-current liability section of the balance sheet (classified as Deferred Income Tax – LT Liability (SF.BS.DeferredIncomeTax_LTLiability))