What is Deferred corporate profit tax?

An amount of corporate profit tax that arises because income or expenses are recognized in different periods in financial accounting and in tax accounting (temporary differences). The portion that will reduce tax in the future is accounted for as an asset in account 0950 (current portion 3210), and the portion to be paid in the future as a liability in account 6250 (long-term portion 7250) (NAS No. 21, paragraphs 81, 163 and 267).