The going concern's accounting principle and its incorporation in corporate income tax law of Spain

dc.contributor.authorAldeia, Susana
dc.date.accessioned2019-05-22T14:54:11Z
dc.date.available2019-05-22T14:54:11Z
dc.date.embargo2019-11-30
dc.date.issued2019-04
dc.description.abstractThe main goal of this paper is to understand how the going concern’s accounting principle was merged in the Spanish corporate income tax law. During this study the national tax law dispositions was analysed and an effort was made towards understanding what kind of tax figures or tax rules obey the investigated accounting principle in the studied jurisdiction. For this purpose, the spanish tax law was examined, particularly the - Ley del Impuesto sobre Sociedades. The results show that the going concern accounting principle was incorporated in the spanish accounting and tax laws, mainly because it assumes the accounting profit as a starting point to determine the taxable profit. Therefore, the accounting principles are incorporated, expressly or implicitly, in Spain's jurisdiction. It is possible to find the going concern accounting principle in several tax figures, such as the deduction of tax losses, the reinvestment and the capitalization reserve. The recognition or use of these fiscal figures by the company shows its determination in continuing to develop its activity. The case of the deduction of tax losses is one example because it makes sense that the company's taxable capacity can be determined under several tax periods and not an isolated period. Another is the case of reinvestment. When the legislator foresees an exemption, a reduction or a deferral of the tax bases in consequence of the reinvestment he deduces that this entity is fuctionig in continuity and will continue to operate in a predictable future.pt_PT
dc.identifier.citationAldeia, S. (2019). The going concern's accounting principle and its incorporation in corporate income tax law of Spain. In 39th International Scientific Conference on Economic and Social Development "Sustainability from an Economic and Social Perspective", Lisbon, Portugal, 29-30 Apr.2019 (pp. 523-528). Disponível no Repositório UPT, http://hdl.handle.net/11328/2709pt_PT
dc.identifier.urihttp://hdl.handle.net/11328/2709
dc.language.isoengpt_PT
dc.peerreviewedyespt_PT
dc.rightsembargoed accesspt_PT
dc.rights.urihttp://creativecommons.org/licenses/by/4.0/pt_PT
dc.subjectAccounting principlept_PT
dc.subjectCorporate income tax lawpt_PT
dc.subjectGoing concernpt_PT
dc.subjectSpainpt_PT
dc.titleThe going concern's accounting principle and its incorporation in corporate income tax law of Spainpt_PT
dc.typeconferenceObjectpt_PT
degois.publication.firstPage523pt_PT
degois.publication.lastPage528pt_PT
degois.publication.locationLisbon, Portugalpt_PT
degois.publication.title39th International Scientific Conference on Economic and Social Developmentpt_PT
dspace.entity.typePublicationen
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