ACCOUNTING IN ROMANIA – BETWEEN CURRENT AND DETERRED TAXES REGARDING PROFIT

Boni Mihaela Străoanu
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Boni Mihaela Străoanu: Petroleum-Gas University of Ploiesti

Theoretical and Applied Economics, 2007, vol. 6(511)(supplement)(vol2), issue 6(511)(supplement)(vol2), 173-176

Abstract: Determination of the profit tax, calculation and accounting thereof is an issue of maximum topicality in our country, considering the international accounting norms. In this spirit, IAS 12 defines both the current tax as well the deterred tax regarding profit. The temporary differences which give birth to debts or liabilities regarding deterred taxes have in view the balance sheet approach and represent the differences which appeared between the taxing basis of an asset or a debt and its accounting value registered in the balance sheet.

Keywords: deterred tax; temporary difference; liability regarding the deterred tax; debt regarding the deterred tax; benefits. (search for similar items in EconPapers)
Date: 2007
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