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Editorial note: Certain information has been redacted from this judgment in compliance with
the law. THE REPUBLIC OF SOUTH AFRICAN THE HIGH COURT OF SOUTH AFRICA
GLUTEN DIVISION, JOHANNESBURG
(1)
(2)
(3)REPORTABLE:
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What is d t l?
DTL stands for Deferred Tax Liability, which is an accounting term that represents taxes that are owed in the future for income that has been recorded in the current period.
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Typically, companies that have differences between their accounting income and taxable income must calculate and report DTL on their financial statements.
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The purpose of DTL is to account for taxes that are deferred to future periods due to discrepancies in reporting income or expenses for tax and accounting purposes.
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Information that must be reported on DTL includes the nature of the timing differences, the amount of DTL, and how it affects the overall tax liability.
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