A tax loss carry forward is best described as the:（）
A: net taxable loss that can be used to refund paid taxes from the previous year.
B: difference of deferred tax liabilities and deferred tax assets.
C: net taxable loss that can be used to reduce taxable income in the future.
A: net taxable loss that can be used to refund paid taxes from the previous year.
B: difference of deferred tax liabilities and deferred tax assets.
C: net taxable loss that can be used to reduce taxable income in the future.
举一反三
- Which of the following statements is FALSE（） A: A deferred tax asset results when pretax income exceeds taxable income. B: Taxable income is a term used for tax reporting, while pretax income is used with financial reporting. C: When a deferred tax liability reverses, it means that a cash outflow for taxes is occurring.
- According to EIT Law, which of the following statements is correct about tax loss-carry-forward? A: tax loss occurs when the calculated taxable income is negative B: tax losses can be carried forward up to 10 years C: 50% of tax losses can be used to offset taxable profits D: an enterprise's worldwide tax losses can be used to offset worldwide profits E: 16.0
- 雨课堂: Which of following methods is/are used to determine the tax base for taxable pollutants of Environmental Protection Tax ?
- If the tax base of an asset exceeds the asset"s carrying value and a reversal is expected in the future: A: a deferred tax asset is created. B: a deferred tax liability is created. C: neither a deferred tax asset nor a deferred tax liability is created.
- 雨课堂: The resource tax is a kind of tax which only levied on the taxable amount of the unit and individual for the production of the taxable mineral products in our country.