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  • The Financial Encyclopedia
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Accounting

  Accounting   |   Terms
  • 2811
  • September 10, 2020
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Non-Tax-Deductible Goodwill

A goodwill that is not deductible for tax purposes- that is, accounting for goodwill is carried out on the basis that deferred tax liabilities (DTL) arising in association with it are not deductible. Amortization for non-tax deductible goodwill (for financial reporting) usually gives rise to an effective tax rate reconciling item (which may constitute a disadvantageous permanent difference). Typically, whether the goodwill is deductible for tax purposes, i.e., the selection between deductible and non-deductible tax treatment, will define the goodwill accounting- particularly formation of provisions for income taxes.


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