Effective Tax Rate of Corporate Income Tax in the Post-Crisis Period: The Case of Non-Financial Companies Listed on the Bucharest Stock Exchange

Mihaela Teodorescu and Istudor Ileana Iulia ()
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Istudor Ileana Iulia: “Valahia†University of Targoviste

Ovidius University Annals, Economic Sciences Series, 2017, vol. XVII, issue 2, 655-661

Abstract: The intention of the paper is to analyse the evolution of the effective tax rate of corporate income tax for the 2011-2016 period, calculated for the non-financial companies listed on the Bucharest Stock Exchange (Romanian: Bursa de Valori București - BVB). The first part of the paper presents the main causes for the divergence between the statutory and effective rate of the corporate income tax, based on the provisions of the Romanian Fiscal Code. The differences between the gross income and the taxable profit, which form the basis for calculating the income tax, are highlighted. The second part is devoted to the methodology for calculating the effective income tax rate and its analysis, based on data from the financial statements published in the post-crisis period by Romanian companies listed on BVB.

Keywords: taxable profit; profit tax; statutory tax rate; effective tax rate (search for similar items in EconPapers)
JEL-codes: G39 H25 K34 (search for similar items in EconPapers)
Date: 2017
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Persistent link: https://EconPapers.repec.org/RePEc:ovi:oviste:v:xvii:y:2017:i:2:p:655-661

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