Definition for : Contingent tax liabilities
Sometimes, if the company were to take certain decisions, it would have to pay additional tax. These taxes are the result of Contingent taxation. They represent contingent tax Liabilities, e.g. stemming from the distribution of reserves on which tax has not been paid at the standard rate.
(See Chapter 7 How to cope with the most complex points in financial accounts of the Vernimmen)
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