Glossary entry

English term or phrase:

income tax expense/benefit

Italian translation:

oneri e proventi afferenti le imposte sui redditi

Added to glossary by Giorgia Dona
Mar 31, 2008 23:13
16 yrs ago
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English term

income tax expense/benefit

English to Italian Bus/Financial Finance (general) audit instruction letter
The amount of income tax expense (or benefit) presented in the income statement is fairly stated.

Proposed translations

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10 hrs
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oneri e proventi afferenti le imposte sui redditi

Si tratta di una attestazione di veridicità della dichiarazione dei redditi, in cui si dice che gli oneri e proventi sono correttamente esposti.
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9 mins

oneri / proventi tributari

Income Tax Expense
Cell: H26


Definition: The effects of income taxes on net income for the year, as measured under GAAP rules. Income tax expense is calculated as the sum of Income Tax Payable (what is owed to the IRS based on the return) plus any deferred tax effects due to, for example, being able to take more depreciation for tax purposes than is taken on the income staement as depreciaiton expense.

http://connection.cwru.edu/mbac416/learning/popup.cfm?pg=D&c...

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