Corporate tax reporting

2020 ◽  
pp. 328-350
Author(s):  
Pauline Weetman ◽  
Ioannis Tsalavoutas ◽  
Paul Gordon
Keyword(s):  
Corporate Tax ◽  
Tax Reporting

E-Taxation-An Introduction to the Use of TaxXML for Corporate Tax Reporting

2004 ◽  
Vol 2 (1) ◽  
pp. 29-41 ◽  
Author(s):  
Vikramaditya Pant ◽  
M.Susan Stiner ◽  
William P. Wagner
Keyword(s):  
Corporate Tax ◽  
Tax Reporting

scholarly journals ANALISIS KOREKSI FISKAL UNTUK MENGHITUNG PPH BADAN PADA PT. EMPAT TUJUH ABADI JAYA

2018 ◽  
Vol 13 (02) ◽  
Author(s):  
Mesias Ridel Tulandi ◽  
Harijanto Sabijono ◽  
Sonny Pangerapan
Keyword(s):  
Accounting Standards ◽  
Financial Statements ◽  
Assessment System ◽  
Financial Accounting ◽  
Corporate Tax ◽  
Self Assessment ◽  
Tax Rate ◽  
Income Statement ◽  
Tax Reporting ◽  
A Company

PT. Empat Tujuh Abadi Jaya is a company that is a taxpayer in the form of a body that has responsibility to calculate, deposit and report the tax payable that must be paid to the state based on self-assessment system that gives full trust to the taxpayer in reporting corporate tax. But there is a problem that will be faced in the payment of taxes. This is due to the fact that the financial statements in particular the income statements are different from the commercial profit referring to the Financial Accounting Standards while the fiscal profit refers to the applicable Taxation Law. This difference is simply in the presence of income and expenses recognized as income or expenses by the company but is not recognized by the tax and in the filling as the company does not pay attention to the fiscal correction in tax reporting. For that company must pay attention to fiscal correction / fiscal reconciliation so that the amount of corporate tax payable can be equal to tax. The purpose of this study is to determine the fiscal profit derived from the results of fiscal correction in commercial financial statements to determine the tax payable body. In this study, earnings obtained after the fiscal correction in the financial statements of Rp201,112,732.00 and profit before the fiscal correction of Rp181.510.720,00 for the calculation of corporate taxes using tarif 17 paragraph 2a with tarif 25% Act No. 36 of 2008 Tax The income of the company must pay the tax before it is made Rp45.377.680,00 for the corporate tax rate less attention to the Article 31 E fare with 50% discount from the normal tarif of 25% gross turnover Rp4.8.000.000.000,00 or below and up to Rp50. 000.000.000,00 billion got a discount. Gross circulation of PT. Empat Tujuh Abadi Jaya shall not exceed 4.8M amounting to Rp4,669,400,000.00, so the Company is permitted to use the rate of article 31 E.Keywords: Tax due, Income Statement, Fiscal Correction.

ATA Tax Policy Committee Report—Book-Tax Differences

2015 ◽  
Vol 13 (1) ◽  
pp. 54-85 ◽  
Author(s):  
Debra A. Salbador ◽  
Susan E. Anderson ◽  
William A. Raabe ◽  
Michael S. Schadewald
Keyword(s):  
Financial Reporting ◽  
Income Tax ◽  
Tax Reform ◽  
Committee Report ◽  
Corporate Tax ◽  
Reporting Requirements ◽  
Starting Point ◽  
Corporate Tax Reform ◽  
History Of ◽  
Tax Reporting

ABSTRACT This monograph examines the history of selected important book-tax differences since the inception of the income tax and the financial and tax reporting that has evolved over time that addresses these differences. The purpose is to provide a framework for discussion of policy issues regarding tax reporting and its relation to financial reporting. The focus of this paper is financial and tax reporting requirements. Because the starting point for tax reporting is financial reporting, changes in one have an immediate impact on the other. With movement toward corporate tax reform and continuing consideration of possible convergence with IFRS, it is important to engage in a discussion of this relation and its impact on tax reform.

scholarly journals The Spread of Aggressive Corporate Tax Reporting: A Detailed Examination of the Corporate-Owned Life Insurance Shelter

2011 ◽  
Vol 86 (1) ◽  
pp. 23-57 ◽  
Author(s):  
Jennifer L. Brown
Keyword(s):  
Life Insurance ◽  
Diffusion Of Innovations ◽  
Detailed Examination ◽  
Firm Characteristics ◽  
Corporate Tax ◽  
Network Ties ◽  
Tax Shelter ◽  
Audit Firms ◽  
Weak Evidence ◽  
Tax Reporting

ABSTRACT: This study investigates the spread of aggressive corporate tax reporting by modeling a firm’s decision to adopt the corporate-owned life insurance (COLI) shelter. Prior studies identify firm characteristics associated with aggressive tax reporting (Desai and Dharmapala 2006; Frank et al. 2009) and tax shelter participation (Wilson 2009; Lisowsky 2010). This study examines whether social environment factors explain the pattern of tax shelter adoption. Building on theory related to the diffusion of innovations and institutional isomorphism, I hypothesize direct and indirect ties between prior and potential shelter adopters influence the spread of shelter use. I find that network ties via board interlocks increase the likelihood of adopting the COLI shelter. I also find weak evidence that COLI use spreads geographically. However, I find no evidence that the spread of COLI use is concentrated among a particular set of audit firms or industries.

scholarly journals The role and significance of tax planning in corporate tax optimization

2020 ◽  
pp. 147-152
Author(s):  
S. K. Barysheva ◽  
A. Zh. Dossayeva
Keyword(s):  
Tax Planning ◽  
Corporate Tax ◽  
Tax Legislation ◽  
Financial Condition ◽  
Tax Reduction ◽  
The Republic ◽  
Business Entities ◽  
Tax Reporting ◽  
Tax Structures

The relevance of the article is determined by the fact that tax planning contributes to the optimization of taxes and payments in accordance with the Tax code of the Republic of Kazakhstan. Optimization of tax liabilities is a set of measures of economic entities aimed at reducing taxes and fees using benefits and provisions in accordance with the Tax code of the Republic of Kazakhstan. Tax planning is aimed at solving such tasks as increasing profitability and reducing tax liabilities. By disclosing accounting documents and tax reporting for tax structures, companies aim to optimize taxes and fees. For this purpose, business entities use tax planning, which provides for tax reduction based on the use of benefits in accordance with tax legislation. In general, optimization is any action aimed at improving the overall state. In the tax part, optimization involves combining tax indicators and improving the calculation of tax liabilities and the financial condition of enterprises based on them. One of the tools for optimizing taxes and fees, as well as tax planning, is the development of tax accounting policies. The tax policy discloses all the features of the company's taxes, as well as provides for the disclosure of tax documentation. The article also reveals the types of tax planning as strategic and tactical. Strategic tax planning is developed to optimize taxes and fees for the long term. Developing a plan for the current reporting period for specific types of taxes and fees means a set of tactical tax planning measures. In summary, it should be noted that the main goal of tax planning is to optimize tax liabilities and improve the efficiency of enterprises.

The Effect of Assistance Service for Corporate Tax Reporting on the Tax Compliance

2019 ◽  
Vol 20 (2) ◽  
pp. 229-251
Author(s):  
Byung-kyu Ji ◽  
Sung-hwan Kim ◽  
Do-hyeong Kim
Keyword(s):  
Tax Compliance ◽  
Corporate Tax ◽  
Assistance Service ◽  
Tax Reporting
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