Tax and statement matters of the income tax for the year 2010

Abstract

The numerous legislative changes that occur from one financial year to another are not always able to clarify points of divergence existent between establishing the tax profit and the accounting one. Thus, accountants are sometimes put in difficulty, regarding the obligation to present the accounts respecting the principle of a true and fair view and the desire to optimize the tax cost of their business. The fact is that in the absence of specific accounting rules, the tax norm is set as a practical norm. On the fiscal side, there are clear law provisions governing each type of tax which must be respected. The tax base is the tax result and taxation, by imposing strict rules, is trying to balance the general tendency of the taxpayers to minimize the tax due.