Scientific Bulletin (Jun 2015)

The Difference between Accounting Amortization and Fiscal Amortization

  • Florescu Nicu,
  • Ciubotaru Gheorghe,
  • Grigorie Lăcriţa N.

DOI
https://doi.org/10.1515/bsaft-2015-0018
Journal volume & issue
Vol. 20, no. 1
pp. 116 – 122

Abstract

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Although the issue of deferred taxes is very important, it is very little known to the taxpayers and to the fiscal bodies, both in meaning and content and in the practical methodology of application. This paper describes the meaning and the content of deferred income taxes, the distinction between accounting amortization and fiscal amortization, the practical methodology for the application of deferred income, all of these in the line of tax facilities granted as accelerated amortization applied pursuant to art. 24 paragraph (9) of the Tax Code.

Keywords