current year
noun

the year in which an accounting period falls

Example

Under self-assessment, income is taxed on a current year basis - i.e. it is taxed in the year in which it is received.

Browse by Subjects
preceding year
replacement cost depreciation
retroactive
current earnings per share (current EPS)
forecast dividend
See All Related Terms »

balance sheet audit
marketable security
average cost of capital
Chicago Stock Exchange (CHX)
District Bank