Effectiveness of Modern Tools Used by Financial Administration in Terms of Globalization Trends in Accordance with the Implementation of EU Directives and Forthcoming Changes in Tax Legislation in the Czech Republic

Kód výsledku v IS VaVaI

<a href="https://www.isvavai.cz/riv?ss=detail&h=RIV%2F61989100%3A27510%2F18%3A10239733" target="_blank" >RIV/61989100:27510/18:10239733 - isvavai.cz</a>

Výsledek na webu

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

DOI - Digital Object Identifier

—

Jazyk výsledku

angličtina

Název v původním jazyce

Effectiveness of Modern Tools Used by Financial Administration in Terms of Globalization Trends in Accordance with the Implementation of EU Directives and Forthcoming Changes in Tax Legislation in the Czech Republic

Popis výsledku v původním jazyce

This article is focused on selected aspects of modern tools used by the Financial Administration and their effectiveness in terms of globalization trends in accordance with the implementation of European Union directives and forthcoming changes in tax legislation in the Czech Republic. Contemporary tools of financial administration, which have been in place since 2016, include mainly VAT control report and the VAT summary report (both relating to business entities in positions of VAT payers) as well as the electronic registration of sales, which aimed at balancing the business environment in the Czech Republic, and other tax measures. The article presents not only the identification of related areas, which have been positively influenced by introducing these modern tools in the years 2016-2018, but also the definition of some negative impacts that significantly affect business entities. Every year, the Czech accounting and tax legislation undergoes a number of significant changes which bring the Czech legislation closer to the European concept. The article draws attention to this issue in connection with the forthcoming tax concept for the period of 2020-2030, which is being prepared by the Ministry of Finance of the Czech Republic and it is also connected with the financial accounting and reporting. The conclusion then lists upcoming changes in the taxation in terms of Czech tax legislation as well as new concepts and approaches while respecting European legal norms and all related present and expected changes.

Název v anglickém jazyce

Effectiveness of Modern Tools Used by Financial Administration in Terms of Globalization Trends in Accordance with the Implementation of EU Directives and Forthcoming Changes in Tax Legislation in the Czech Republic

Popis výsledku anglicky

This article is focused on selected aspects of modern tools used by the Financial Administration and their effectiveness in terms of globalization trends in accordance with the implementation of European Union directives and forthcoming changes in tax legislation in the Czech Republic. Contemporary tools of financial administration, which have been in place since 2016, include mainly VAT control report and the VAT summary report (both relating to business entities in positions of VAT payers) as well as the electronic registration of sales, which aimed at balancing the business environment in the Czech Republic, and other tax measures. The article presents not only the identification of related areas, which have been positively influenced by introducing these modern tools in the years 2016-2018, but also the definition of some negative impacts that significantly affect business entities. Every year, the Czech accounting and tax legislation undergoes a number of significant changes which bring the Czech legislation closer to the European concept. The article draws attention to this issue in connection with the forthcoming tax concept for the period of 2020-2030, which is being prepared by the Ministry of Finance of the Czech Republic and it is also connected with the financial accounting and reporting. The conclusion then lists upcoming changes in the taxation in terms of Czech tax legislation as well as new concepts and approaches while respecting European legal norms and all related present and expected changes.

Druh

D - Stať ve sborníku

CEP obor

—

OECD FORD obor

50204 - Business and management

Projekt

—

Návaznosti

I - Institucionalni podpora na dlouhodoby koncepcni rozvoj vyzkumne organizace

Rok uplatnění

2018

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 : 18th international scientific conference : proceedings : 10th – 11th october 2018, Rajecke Teplice, Slovak Republic. Part IV. - behavioural finance

ISBN

978-80-8154-249-7

ISSN

2454-0943

e-ISSN

neuvedeno

Počet stran výsledku

8

Strana od-do

1591-1598

Název nakladatele

University of Žilina

Místo vydání

Žilina

Místo konání akce

Rajecké Teplice

Datum konání akce

10. 10. 2018

Typ akce podle státní příslušnosti

WRD - Celosvětová akce

Kód UT WoS článku

—