Globalization Trends in Financial Accounting and Taxation of Business Entities in Compliance with the Implementation of EU Directives and Upcoming Recodification of Tax Legislation in the Czech Republi

Kód výsledku v IS VaVaI

<a href="https://www.isvavai.cz/riv?ss=detail&h=RIV%2F61989100%3A27510%2F17%3A10236695" target="_blank" >RIV/61989100:27510/17:10236695 - isvavai.cz</a>

Výsledek na webu

<a href="http://ke.uniza.sk/sites/default/files/content_files/part_ii_final_3.pdf" target="_blank" >http://ke.uniza.sk/sites/default/files/content_files/part_ii_final_3.pdf</a>

DOI - Digital Object Identifier

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Jazyk výsledku

angličtina

Název v původním jazyce

Globalization Trends in Financial Accounting and Taxation of Business Entities in Compliance with the Implementation of EU Directives and Upcoming Recodification of Tax Legislation in the Czech Republi

Popis výsledku v původním jazyce

The paper deals with selected globalization trends in financial accounting and taxation of business entities in accordance with the implementation of EU directives and the upcoming recodification of tax legislation in the Czech Republic. The accounting of business entities in the Czech Republic is getting closer to the International Financial Reporting Standards (IFRS), which proved the amendment to the Act on accounting and other related accounting regulations in 2016 and 2017. After introducing these harmonizing changes, the paper for example defines key issues of the relationship between financial accounting and income tax, which are being discussed by the experts. These issues concern proposed options of using economic results from the accounting under IFRS as a base for income tax in the context of the current solution when the IFRS is first transformed to Czech Accounting Standards for tax purposes, which results in unwanted construct of tax accounting. The paper also lists tax issues and proposals which are being prepared and discussed – mainly in relation to the recodification of income taxes associated with the implementation of EU directives in the tax area as well as changes in other tax institutes, which primarily lead to greater tax neutrality of direct taxes.

Název v anglickém jazyce

Globalization Trends in Financial Accounting and Taxation of Business Entities in Compliance with the Implementation of EU Directives and Upcoming Recodification of Tax Legislation in the Czech Republi

Popis výsledku anglicky

The paper deals with selected globalization trends in financial accounting and taxation of business entities in accordance with the implementation of EU directives and the upcoming recodification of tax legislation in the Czech Republic. The accounting of business entities in the Czech Republic is getting closer to the International Financial Reporting Standards (IFRS), which proved the amendment to the Act on accounting and other related accounting regulations in 2016 and 2017. After introducing these harmonizing changes, the paper for example defines key issues of the relationship between financial accounting and income tax, which are being discussed by the experts. These issues concern proposed options of using economic results from the accounting under IFRS as a base for income tax in the context of the current solution when the IFRS is first transformed to Czech Accounting Standards for tax purposes, which results in unwanted construct of tax accounting. The paper also lists tax issues and proposals which are being prepared and discussed – mainly in relation to the recodification of income taxes associated with the implementation of EU directives in the tax area as well as changes in other tax institutes, which primarily lead to greater tax neutrality of direct taxes.

Druh

D - Stať ve sborníku

CEP obor

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OECD FORD obor

50205 - Accounting

Projekt

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Návaznosti

I - Institucionalni podpora na dlouhodoby koncepcni rozvoj vyzkumne organizace

Rok uplatnění

2017

Kód důvěrnosti údajů

S - Úplné a pravdivé údaje o projektu nepodléhají ochraně podle zvláštních právních předpisů

Název statě ve sborníku

Globalization and its socio-economic consequences : proceedings of the 17th international scientific conference : October 4-5, 2017, Rajecké Teplice, Slovak Republic

ISBN

978-80-8154-212-1

ISSN

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e-ISSN

neuvedeno

Počet stran výsledku

8

Strana od-do

613-620

Název nakladatele

University of Žilina

Místo vydání

Žilina

Místo konání akce

Rajecké Teplice

Datum konání akce

4. 10. 2017

Typ akce podle státní příslušnosti

WRD - Celosvětová akce

Kód UT WoS článku

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