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1. Deferred tax liabilities are amounts of income taxes payable in future periods in respect of taxable temporary differences.
2. Deferred tax assets are the amounts of income taxes recoverable in future periods in respect of:
a) Deductible temporary differences.
b) The carry forward of unused tax losses.
c) The carry forward of unused tax credits.
Wilfykil answered the question on February 8, 2019 at 05:50
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