Spanish societies' tax law and the fiscal adjustments to the accounting expense

dc.contributor.authorAldeia, Susana
dc.date.accessioned2020-02-19T09:57:46Z
dc.date.available2020-02-19T09:57:46Z
dc.date.embargo2020-07-01
dc.date.issued2020
dc.description.abstractThis paper aims to understand why accounting expenses are not directly accepted as fiscal cost and how operates the fiscal adjustments, in the determination of the taxable base in the Corporate Income Tax (CIT) law. For this purpose, it analyses the legal acts and doctrine, in particular, it researches data sources of Spain: the Ley del Impuesto sobre Sociedades (LIS), it means, the Spanish Corporate Income Tax Law and, in particular, the Spanish doctrinal understandings. The results show that the tax law assumes the net profit measured under the General Accounting Principles, as a starting point for the tax base determination. This fact avoids the duplicate record of economic transaction in the companies, in both domains, fiscal and accounting. Nevertheless, the two dimensions have different objects, so net income may not be integrally considered for tax purposes; legislator makes the taxpayer make the fiscal adjustment to take the taxable income. It is supposed to have extraordinary tax corrections, but Spanish legislator presents a tax code with many exceptions, imposing an increasingly complex Spanish tax system.pt_PT
dc.identifier.citationAldeia, S. (2019). Spanish societies' tax law and the fiscal adjustments to the accounting expense. In 50th International Scientific Conference on Economic and Social Development, Chelyabinsk, Russia, 13-14 February 2020 (pp. 423-428). Disponível no Repositório UPT, http://hdl.handle.net/11328/3022pt_PT
dc.identifier.urihttp://hdl.handle.net/11328/3022
dc.language.isoengpt_PT
dc.peerreviewedyespt_PT
dc.rightsopen accesspt_PT
dc.rights.urihttp://creativecommons.org/licenses/by/4.0/pt_PT
dc.subjectCorporate income tax lawpt_PT
dc.subjectDeductibilitypt_PT
dc.subjectSpainpt_PT
dc.subjectTax expensespt_PT
dc.titleSpanish societies' tax law and the fiscal adjustments to the accounting expensept_PT
dc.typeconferenceObjectpt_PT
degois.publication.firstPage423pt_PT
degois.publication.lastPage428pt_PT
degois.publication.locationChelyabinsk, Russiapt_PT
degois.publication.title50th International Scientific Conference on Economic and Social Developmentpt_PT
dspace.entity.typePublicationen
person.affiliation.nameREMIT – Research on Economics, Management and Information Technologies
person.familyNameAldeia
person.givenNameSusana
person.identifier.ciencia-idAA15-BA15-4CA6
person.identifier.orcid0000-0002-2611-7683
relation.isAuthorOfPublicationff951a4a-7b73-4215-976b-e92764385c5e
relation.isAuthorOfPublication.latestForDiscoveryff951a4a-7b73-4215-976b-e92764385c5e

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