Analysis of Deferred Taxes in the Business Environment in Serbia

Savka Vuckovic-Milutinovic () and Radojko Lukic ()
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Savka Vuckovic-Milutinovic: Faculty of Economics, University of Belgrade
Radojko Lukic: Faculty of Economics, University of Belgrade

Economia. Seria Management, 2013, vol. 16, issue 1, 25-37

Abstract: Flow-through model of income tax reporting in general purpose financial statements had a long history of use in Serbia. It was only in 2004 (and 2003 for banks), when the implementation of deferred taxes model started. It was inevitable, because IAS/IFRS became mandatory basis for preparing financial statements. In this paper we examine quality of deferred taxes disclosures in the financial statements of companies in Serbia. We also documented the most common temporary differences that arise in measuring accounting and taxable income and in that way we identified the major sources of deferred tax. We analyzed the materiality of deferred taxes and their effect on company´s performance in Serbia.

Keywords: book-tax differences; deferred taxes; disclosures; performance evaluation; Serbia (search for similar items in EconPapers)
JEL-codes: H21 H25 M41 (search for similar items in EconPapers)
Date: 2013
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Citations: View citations in EconPapers (1)

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Persistent link: https://EconPapers.repec.org/RePEc:rom:econmn:v:16:y:2013:i:1:p:25-37

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