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Financial Impact Accounting in Determining the Fiscal Result

Author

Listed:
  • Marius Boita

    (“Vasile Goldiş†Western University of Arad)

  • Luminita Paiusan

    (“Vasile Goldiş†Western University of Arad)

  • Adina Maria Motica

    (Romanian Academy)

Abstract

In the present empirical study, we aimed to analyze the suggestive accounting information as relevant to the deductible expenses in the calculation of the taxable profit and the profit tax and their incidence to the deductibility of the Value Added Tax. Following the empirical study we concluded that the equipment purchased by the company, in our opinion, does not meet the conditions for classification of individual protective equipment defined by regulations, we believe that the expenses incurred by the company with their acquisition are non-deductible expense in calculating taxable profit and of the profit tax, respectively, do not meet the legal conditions and the right to deduct the value added tax was not granted during the analyzed period.

Suggested Citation

  • Marius Boita & Luminita Paiusan & Adina Maria Motica, 2021. "Financial Impact Accounting in Determining the Fiscal Result," Ovidius University Annals, Economic Sciences Series, Ovidius University of Constantza, Faculty of Economic Sciences, vol. 0(2), pages 940-944, December.
    • Handle: RePEc:ovi:oviste:v:xxi:y:2021:i:2:p:940-944
    as

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    References listed on IDEAS

    as
    1. Vickers, John, 1995. "Concepts of Competition," Oxford Economic Papers, Oxford University Press, vol. 47(1), pages 1-23, January.
    2. Willenbockel, Dirk, 2004. "Specification choice and robustness in CGE trade policy analysis with imperfect competition," Economic Modelling, Elsevier, vol. 21(6), pages 1065-1099, December.
    3. Stefano Scarpetta & Thierry Tressel, 2002. "Productivity and Convergence in a Panel of OECD Industries: Do Regulations and Institutions Matter?," OECD Economics Department Working Papers 342, OECD Publishing.
    Full references (including those not matched with items on IDEAS)

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    More about this item

    Keywords

    accounting information; accounting policies; taxable base; profit tax; value added tax;
    All these keywords.

    JEL classification:

    • M21 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Business Economics - - - Business Economics
    • M41 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Accounting - - - Accounting
    • E62 - Macroeconomics and Monetary Economics - - Macroeconomic Policy, Macroeconomic Aspects of Public Finance, and General Outlook - - - Fiscal Policy; Modern Monetary Theory
    • E63 - Macroeconomics and Monetary Economics - - Macroeconomic Policy, Macroeconomic Aspects of Public Finance, and General Outlook - - - Comparative or Joint Analysis of Fiscal and Monetary Policy; Stabilization; Treasury Policy

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