Tax holiday
Regulation & taxA period during which a company pays reduced or no tax on certain income.
In plain terms
It inflates post-tax profit until a published expiry date, then profit drops with nothing happening operationally.
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Glossary
Every term is defined twice: once the way a filing would put it, and once the way somebody would explain it to you across a table. The second one is usually the one that sticks.
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Profit quality
AccountingHow well reported profit converts into cash and how repeatable it is.
In plain terms
Profit flattered by a tax holiday or a deferred tax reversal is real but not repeatable.