Income tax - European and Domestic Theoretical Approach

Barbu Costel () and Niþoi (Barbu) Nicoleta ()
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Barbu Costel: Valahia University of Targoviste
Niþoi (Barbu) Nicoleta: Valahia University of Targoviste

Ovidius University Annals, Economic Sciences Series, 2013, vol. XIII, issue 1, 1081-1084

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.

Keywords: income tax; fiscality; depreciation; international accounting standards (search for similar items in EconPapers)
JEL-codes: M48 (search for similar items in EconPapers)
Date: 2013
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Persistent link: https://EconPapers.repec.org/RePEc:ovi:oviste:v:xii:y:2012:i:1:p:1081-1084

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