Glossary entry

English term or phrase:

the tax that must be paid

English answer:

payable taxes

Added to glossary by mockingbird (X)
Apr 20, 2005 10:19
19 yrs ago
2 viewers *
English term

the tax that must be paid

English Law/Patents Law: Taxation & Customs
I guess there is a term for "the tax that must be paid"?

Context:
According to Satriyo, the deferred tax amounting to Rp 116.8 billion was not the tax that had to be paid, but the tax on the current account resulting from the time and method difference.

Responses

+1
6 mins
Selected

payable taxes

IMO
Peer comment(s):

agree npis
3 hrs
Thanks npis! :-)
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4 KudoZ points awarded for this answer. Comment: "thanks"
+6
8 mins

the tax due

Even if you're not filing your income tax until June 15th, though, you still need to pay any income tax due by April 30th, to avoid paying interest charges.

http://sbinfocanada.about.com/cs/taxinfo/f/paytax.htm
Peer comment(s):

agree Robert Donahue (X)
1 hr
Ôhanks, Robert!
agree npis
3 hrs
Thanks!
agree Can Altinbay
4 hrs
Ôhanks, Can!
agree Mihaela Brooks : payable tax (sg)
7 hrs
Thanks, Mihaela!
agree Valentini Mellas
1 day 8 hrs
Thanks, Val!
agree Emmanouil Tyrakis
4 days
Thanks, stranger! :-)
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+1
2 hrs

current taxes payable/current taxes due

as opposed to deferred taxes payable, to be paid in the future
Peer comment(s):

agree Can Altinbay
2 hrs
thanks, Can
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2 hrs

the real/original tax

tax that had to be paid: the tax amount which was to be paid originally without any increase/decrease resulting from tax deferral or the time and method difference: the original tax
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+1
3 hrs

the tax payable

An alternative to "due" which is also fine.
Peer comment(s):

agree Can Altinbay
58 mins
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14 hrs

tax owed/due

Look at line 74 of form 1040, "amount you owe".
Also, line 67 of California 540, "amount you owe".
1040 and 540 are the forms for reporting individual taxes.
However, the corporate and trust forms have "amount due".
So, Mockingbird, it is your choice.
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