Do subsidiaries of foreign companies need to confirm deferred income tax assets?

Make sure. When issuing consolidated statements and acquiring subsidiaries, it is necessary to confirm the corresponding deferred income tax. Deferred income tax means that when there is a timing difference between the taxable income of a joint venture and the total accounting profit, in order to adjust the accounting difference, income tax can be accrued from the total book profit and charged as the total profit, and the income tax payable can be calculated according to the provisions of the tax law. The difference between them is called deferred income tax.