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Legal Consequences of the Determination of Corporate Income Tax Base Referring to IFRS

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  • Jan Molín
  • Simona Jirásková

Abstract

This paper is concerned with certain legal consequences of the determination of corporate income tax base. The introductory part analyses the term tax, discusses the constitutional dimensions of taxation, and formulates requirements as to tax legislation. The subsequent part of the contribution discusses the structure of corporate income tax base of those taxpayers, which keep accounting records. Special emphasis is placed on the relationship of accounting revenues and income that is subject to tax. The topic is set in the context of Czech Supreme Administrative Court case law, as the Court has been previously concerned with the issue. Next, we explore the specifics of the determination of a tax base of those taxpayers that are accounting entities, preparing their statutory financial statements in compliance with International Financial Reporting Standards (IFRS).

Suggested Citation

  • Jan Molín & Simona Jirásková, 2014. "Legal Consequences of the Determination of Corporate Income Tax Base Referring to IFRS," European Financial and Accounting Journal, Prague University of Economics and Business, vol. 2014(4), pages 25-44.
    • Handle: RePEc:prg:jnlefa:v:2014:y:2014:i:4:id:128
    DOI: 10.18267/j.efaj.128
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    References listed on IDEAS

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    1. Eva Eberhartinger & Margret Klostermann, 2007. "What if IFRS were a Tax Base? New Empirical Evidence from an Austrian Perspective," Accounting in Europe, Taylor & Francis Journals, vol. 4(2), pages 141-168, December.
    2. Stetter, Thorsten & Spengel, Christoph & Jacobs, Otto H. & Wendt, Carsten, 2005. "EU Company Taxation in Case of a Common Tax Base: A Computer-based Calculation and Comparison Using the Enhanced Model of the European Tax Analyzer," ZEW Discussion Papers 05-37, ZEW - Leibniz Centre for European Economic Research.
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    More about this item

    Keywords

    Corporate income tax; International Financial Reporting Standards; Tax base; Taxable income;
    All these keywords.

    JEL classification:

    • H25 - Public Economics - - Taxation, Subsidies, and Revenue - - - Business Taxes and Subsidies
    • M48 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Accounting - - - Government Policy and Regulation

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