INCOME TAX – A PRODUCT OF THE RECONCILIATION BETWEEN THE ACCOUNTING RESULT AND TAX RESULT

Abstract

The income tax is one of the present problems of accounting, because in the most countries the rules of measuring and accounting of the accounted and tax result have been realized taking into account different objectives. If the accounted profit reflects the application of the accounted principles of real measurement activity, the tax profit represents the interests of fiscal organs in each country.

Keywords

• income tax
• accounting result
• tax result