Transition from tax records to double-entry bookkeeping in the Czech Republic

Kód výsledku v IS VaVaI

<a href="https://www.isvavai.cz/riv?ss=detail&h=RIV%2F62690094%3A18450%2F16%3A50002914" target="_blank" >RIV/62690094:18450/16:50002914 - isvavai.cz</a>

Výsledek na webu

<a href="http://dx.doi.org/10.1007/978-3-319-22596-8_5" target="_blank" >http://dx.doi.org/10.1007/978-3-319-22596-8_5</a>

DOI - Digital Object Identifier

<a href="http://dx.doi.org/10.1007/978-3-319-22596-8_5" target="_blank" >10.1007/978-3-319-22596-8_5</a>

Jazyk výsledku

angličtina

Název v původním jazyce

Transition from tax records to double-entry bookkeeping in the Czech Republic

Popis výsledku v původním jazyce

The aim of this paper is to describe the process of transition from tax records to double-entry bookkeeping in the Czech Republic. The transfer of tax records on double-entry bookkeeping is not a simple matter for physical person and it is not so often used in the Czech Republic. It is expected that it will change. The prerequisite is a change in legislation which have occurred since January 1, 2014. Specifically, the new Law No. 90/2012 Coll. on commercial companies and cooperatives (Law on commercial corporations), which replaced the Act No. 513/1991 Coll. Commercial Code. One of the major changes is the reduction of the share capital of a limited liability company from CZK 200,000 to CZK 1. This change may be the reason for the change of legal form for many physical persons. The transition is by physical person done optional or mandatory. Mostly is the transition done mandatory due crossing sales. The physical person must convert tax records into double-entry bookkeeping in case of change of the status from the physical person on the legal entity. In the article there are described other options when we go to. In the next part there are described the steps that are necessary to do in the transition. The transition affects not only accounting but also taxes. At the end of the article there are the graphs that present the situation in record keeping in the Czech Republic, in Hradec Králové and Pardubice region. A detailed research together with the analysis and critical assessment of accessible materials will enable to identify the main objectives in the field of study. The analysis of the initial state will consequently enable to identify the key factors and knowledge. Primarily and secondary sources were used within the framework of the selected topic.

Název v anglickém jazyce

Transition from tax records to double-entry bookkeeping in the Czech Republic

Popis výsledku anglicky

The aim of this paper is to describe the process of transition from tax records to double-entry bookkeeping in the Czech Republic. The transfer of tax records on double-entry bookkeeping is not a simple matter for physical person and it is not so often used in the Czech Republic. It is expected that it will change. The prerequisite is a change in legislation which have occurred since January 1, 2014. Specifically, the new Law No. 90/2012 Coll. on commercial companies and cooperatives (Law on commercial corporations), which replaced the Act No. 513/1991 Coll. Commercial Code. One of the major changes is the reduction of the share capital of a limited liability company from CZK 200,000 to CZK 1. This change may be the reason for the change of legal form for many physical persons. The transition is by physical person done optional or mandatory. Mostly is the transition done mandatory due crossing sales. The physical person must convert tax records into double-entry bookkeeping in case of change of the status from the physical person on the legal entity. In the article there are described other options when we go to. In the next part there are described the steps that are necessary to do in the transition. The transition affects not only accounting but also taxes. At the end of the article there are the graphs that present the situation in record keeping in the Czech Republic, in Hradec Králové and Pardubice region. A detailed research together with the analysis and critical assessment of accessible materials will enable to identify the main objectives in the field of study. The analysis of the initial state will consequently enable to identify the key factors and knowledge. Primarily and secondary sources were used within the framework of the selected topic.

Druh

D - Stať ve sborníku

CEP obor

—

OECD FORD obor

50206 - Finance

Projekt

—

Návaznosti

S - Specificky vyzkum na vysokych skolach

Rok uplatnění

2016

Kód důvěrnosti údajů

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

Název statě ve sborníku

Business challenges in the changing economic landscape. Vol. 1

ISBN

978-3-319-22596-8

ISSN

—

e-ISSN

neuvedeno

Počet stran výsledku

12

Strana od-do

59-70

Název nakladatele

Springer

Místo vydání

Berlin

Místo konání akce

Barcelona

Datum konání akce

23. 10. 2014

Typ akce podle státní příslušnosti

WRD - Celosvětová akce

Kód UT WoS článku

000416839900005