 Entrepreneur’s Tax RecordsMPRA Paper from University Library of Munich, Germany Abstract: The introduction of tax records did not bring the abandonement of the existing basic construction of the system of income taxation. Only the manner of recording is changed by its factual simplification, which has no influence on national taxation policy and on the obligations of persons undertaking an independent gainful activity to record income and expenses in a provable manner and other obligations following from it for tax payers. The main subject of discussion after the introduction of tax records was the amount of turnover defined by the Value-Added Tax Act for the obligatory origin of the unit of account and bookkeeping. The original amendment to the Bookkeeping Act stipulated the limit of CZK 6 mil., the next amendments increased the amount of the turnover to CZK 15 mil. and CZK 25 mil. as of 1 January 2008. Undoubtedly, this regulation will increase requirements for monitoring activities of national institutions because the vague form and contents of tax records can bring certain problems in practice. It will be practice that shows how justified the increase in turnover to assess the obligation to keep books was. Keywords: Tax records; bookkeeping; entrepreneur; Income Tax Act; Bookkeeping Act; personal income tax; records of income and expenses; corporate assets. (search for similar items in EconPapers) Downloads: (external link) Related works: Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text Persistent link: https://EconPapers.repec.org/RePEc:pra:mprapa:18154 Access Statistics for this paper More papers in MPRA Paper from University Library of Munich, Germany Ludwigstraße 33, D-80539 Munich, Germany. Contact information at EDIRC. |
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