Deferred tax in the Hungarian national and international accounting regulations

• Published in: Multidiszciplinaris Tudomanyok Vol. 14; no. 3; pp. 226 - 235
• Main Authors: Füredi-Fülöp, Judit, Murányi, Klaudia, Várkonyiné Juhász, Mária
• Format: Journal Article
• Language: English
• Published: 17.12.2024
• ISSN: 2062-9737; 2786-1465
• DOI: 10.35925/j.multi.2024.3.20

With the amendments of the Accounting Act of 2024, a new set of concepts was added to the Hungarian accounting vocabulary, the clear inducer of which is the harmonization of the global minimum tax. Deferred tax is therefore a new concept in the Hungarian accounting system, but it has long been an important element in international accounting systems. In our article, we present the theory of this in a descriptive manner, and then examine its operation through numerical example. Deferred tax is not a new concept in the IAS/IFRS framework; however, with its inclusion in the Accounting Act, entities that have not previously prepared their financial statements in accordance with international standards now have the option to apply it. In the theoretical section, we will examine how deferred tax may appear in individual financial statements, followed by a review of its practical application.