Description and analysis of current changes in research and development and their solution in accounting and tax context within Czech legislation and international accounting standards

Kód výsledku v IS VaVaI

<a href="https://www.isvavai.cz/riv?ss=detail&h=RIV%2F61989100%3A27510%2F18%3A10239967" target="_blank" >RIV/61989100:27510/18:10239967 - isvavai.cz</a>

Výsledek na webu

<a href="http://www3.ekf.tuke.sk/cefe2018/CEFE2018FV.pdf" target="_blank" >http://www3.ekf.tuke.sk/cefe2018/CEFE2018FV.pdf</a>

DOI - Digital Object Identifier

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Jazyk výsledku

angličtina

Název v původním jazyce

Description and analysis of current changes in research and development and their solution in accounting and tax context within Czech legislation and international accounting standards

Popis výsledku v původním jazyce

The paper focuses on the description of specialized terminology related to the research and development and the analysis of related issues in terms of valuation, bookkeeping and reporting results of research and development, as well as the comparison from the view of Czech accounting legislation and international financial reporting standards. Research and development can be considered as a very specific area, which is significantly monitored in the accounting; not only in terms of reporting accounting entity&apos;s results of the development and research, which is problematic in itself, but also in terms of the potential tax effect. The paper so focuses on the issues of tax effect and support, especially in terms of the recognized deduction of costs from research and development activities from the tax base. It also deals with the specific issue of possible double application of research and development costs, since in addition to claiming the costs in question within the tax base, the taxpayer can deduct these costs under the applicable income tax act also in the form of a deductible item from the tax base. In connection with claiming the tax deduction for research and development, there are a number of risks and uncertainties, which are often underestimated in practice and not given sufficient attention. The assessment of research and development in terms of Czech legislation and international accounting standards led to mutual convergence in the past, but there are still some differences between the two systems. The paper also provides information and analysis of current research and development changes as well as all related present and expected changes.

Název v anglickém jazyce

Description and analysis of current changes in research and development and their solution in accounting and tax context within Czech legislation and international accounting standards

Popis výsledku anglicky

The paper focuses on the description of specialized terminology related to the research and development and the analysis of related issues in terms of valuation, bookkeeping and reporting results of research and development, as well as the comparison from the view of Czech accounting legislation and international financial reporting standards. Research and development can be considered as a very specific area, which is significantly monitored in the accounting; not only in terms of reporting accounting entity&apos;s results of the development and research, which is problematic in itself, but also in terms of the potential tax effect. The paper so focuses on the issues of tax effect and support, especially in terms of the recognized deduction of costs from research and development activities from the tax base. It also deals with the specific issue of possible double application of research and development costs, since in addition to claiming the costs in question within the tax base, the taxpayer can deduct these costs under the applicable income tax act also in the form of a deductible item from the tax base. In connection with claiming the tax deduction for research and development, there are a number of risks and uncertainties, which are often underestimated in practice and not given sufficient attention. The assessment of research and development in terms of Czech legislation and international accounting standards led to mutual convergence in the past, but there are still some differences between the two systems. The paper also provides information and analysis of current research and development changes as well as all related present and expected changes.

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

2018

Kód důvěrnosti údajů

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

Název statě ve sborníku

Central European Conference in Finance and Economics (CEFE 2018) : September 04-06, 2018, Herľany, Slovak Republic

ISBN

978-80-553-2736-5

ISSN

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e-ISSN

neuvedeno

Počet stran výsledku

8

Strana od-do

616-623

Název nakladatele

Technical University of Košice

Místo vydání

Košice

Místo konání akce

Herľany

Datum konání akce

4. 9. 2018

Typ akce podle státní příslušnosti

WRD - Celosvětová akce

Kód UT WoS článku

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