The "true and fair view" concept in business and tax law: the Portuguese and Spanish case studies

dc.contributor.authorAldeia, Susana
dc.date.accessioned2019-05-22T12:53:08Z
dc.date.available2019-05-22T12:53:08Z
dc.date.embargo2019-10-30
dc.date.issued2019
dc.description.abstractThe main goal of this paper is to understand how the “true and fair view” concept was incorporated in the Spanish and Portuguese national laws, comparing the national legal dispositions and understanding how this concept was accepted in each of these countries. For this purpose, the business and tax law of both European countries were investigated. In Spain, the Commerce Code (Código de Comercio), the Capital Companies Law (Ley de Sociedades de Capital), the Accounting law (Plan General de Contabilidad) and the Corporate Income Tax Law (Ley del Impuesto sobre Sociedades) were studied. In Portugal was made an analysis of the Code of Commercial Companies (Código das Sociedades Comerciais), the Securities Code (Código dos Valores Mobiliários), the Accounting law (Plano Oficial de Contabilidade and Sistema de Normalização contabilística) and the Corporate Income Tax Law (Código do Imposto sobre o Rendimento das Pessoas Coletivas). The results show that the true and fair view concept was incorporated by both national laws, mainly because as member states of the European Union they were obliged to integrate it. This integration occurred in both business and tax law. The business legislation has a general understanding of the concept as an overriding principle, being the accounting principles simple means to reach it. In the corporation income tax law, this concept is implicitly recognized in both laws by inherent acceptance of generally accepted accounting principles under Articles 10.3 of the Ley del Impuesto sobre Sociedades and 17.3 of the Código do Imposto sobre o Rendimento das Pessoas Colectivas.pt_PT
dc.identifier.citationAldeia, S. (2019). The "true and fair view" concept in business and tax law: The Portuguese and Spanish case studies. Academy of Accounting and Financial Studies Journal, 23(2), 1-11. Disponível no Repositório UPT, http://hdl.handle.net/11328/2706pt_PT
dc.identifier.issn1096-3685
dc.identifier.urihttp://hdl.handle.net/11328/2706
dc.language.isoengpt_PT
dc.peerreviewedyespt_PT
dc.relation.publisherversionhttps://www.abacademies.org/articles/the-true-and-fair-view-concept-in-business-and-tax-law-the-portuguese-and-spanish-case-studies-8130.htmlpt_PT
dc.rightsembargoed accesspt_PT
dc.rights.urihttp://creativecommons.org/licenses/by/4.0/pt_PT
dc.subjectTrue and Fair Viewpt_PT
dc.subjectAccountingpt_PT
dc.subjectBusiness ethicspt_PT
dc.subjectEuropean Unionpt_PT
dc.subjectPortugalpt_PT
dc.subjectSpainpt_PT
dc.titleThe "true and fair view" concept in business and tax law: the Portuguese and Spanish case studiespt_PT
dc.typejournal articlept_PT
degois.publication.firstPage1pt_PT
degois.publication.issue2pt_PT
degois.publication.lastPage11pt_PT
degois.publication.titleAcademy of Accounting and Financial Studies Journalpt_PT
degois.publication.volume23pt_PT
dspace.entity.typePublicationen
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