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- Title
Income tax - European and Domestic Theoretical Approach.
- Authors
Costel, Barbu; Nicoleta, Niţoi (Barbu)
- Abstract
Taxation of profits made by companies in general was constantly a topic discussed and interpreted, the relationship between accounting and taxation representing an area of conflict because tax principles and methods are not under the control of the company. Measurement and accounting of the accounting and tax results were conducted with different goals in mind: accounting profit reflects the application of accounting principles for fair measuring of the activity, while tax profit represents the interests of the tax authority. A possible solution to the convergence between accounting and fiscality is taxation deferred as a result of the existence of differences between accounting and tax rules.
- Subjects
INCOME tax; PROFIT; ACCOUNTING; DEPRECIATION; INTERNATIONAL accounting standards; ECONOMIC convergence
- Publication
Ovidius University Annals, Series Economic Sciences, 2013, Vol 13, Issue 1, p1081
- ISSN
2393-3127
- Publication type
Article