Jakość tworzonego prawa podatkowego i jego wpływ na obraz jednostki prezentowany w sprawozdaniu finansowym
The quality of tax legislation and its impact on the image of the unit presented in the financial statement
Author(s): Cyryl KotylaSubject(s): Economy
Published by: Wydawnictwo Naukowe Uniwersytetu Szczecińskiego
Keywords: tax bill; financial statement; accounting; tax law; the quality of legislation; balance sheet; profit and loss statement; tax settlement
Summary/Abstract: Despite the fact that tax law and accounting are two separate fields, in business practice impact of tax law on accounting is significant. This is caused by necessity of recording the same business operations in two sections, namely the tax section — for the purposes of tax settlements and accounting section - for the purpose of financial statements, which must comply with the requirements of accounting. Such record-billing dualism of the same transaction, and high cost (penalties) of mistakes in tax settlements mean that, in practice, quite often there is a primacy of the tax rules over accounting. Thus, if the tax solutions are unclear, unintelligible, contradictory, etc., this translates into a negative impact on the quality of information provided to users of financial statements.
Journal: Finanse, Rynki Finansowe, Ubezpieczenia
- Issue Year: 2014
- Issue No: 68
- Page Range: 137-144
- Page Count: 8