Financial Impact Accounting in Determining the Fiscal Result

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.

Keywords

• accounting information
• accounting policies
• taxable base
• profit tax
• value added tax