|
|
Depreciation of fixed assets from an accounting and tax point of view
FLORIANOVÁ, Kristýna
This bachelor thesis analyzes the depreciation policy of the company Podzimek a synové s.r.o. After a brief introduction of the company and its market position, both accounting and tax depreciation methods applied by the company to most of its assets are calculated. These methods include accelerated tax depreciation and accounting percentage depreciation. Depreciation is calculated for a passenger car, container and camera system. This asset is further subjected to calculations of other depreciation methods, namely straight-line tax depreciation, and from accounting perspective, SYD method, DDB method, annuity method, slow depreciation method, and performance method. All types of depreciation are subsequently compared to each other and the result of this comparison is the annual differences between accounting and tax depreciation. The differences indicate whether there is a decrease or increase in the accounting profit when transformed into the tax base. The ideal combination of methods, both accounting and tax depreciation, for the company is evaluated not only from this aspect but also with regard to the increase in the corporate income tax rate from 2024. For a passenger car, the combination of accelerated tax depreciation and performance method is proposed for the greatest reduction in accounting profit. Compared to the combination used by the company, for example in 2023, it would result in tax savings of 12 315,61 CZK. However, considering the increase in the corporate income tax rate, it is advantageous for the company to have a higher tax base at the end of 2023 than at the end of 2024. Therefore, from this perspective, the combination of straight-line tax depreciation and the DDB method is considered to be moe appropriate, as the tax base is slightly increased until the rate is increased, but from the moment the rate is increased, the company can start to reduce the tax base. Evaluation of the remaining types of assets is performed on a similar basis.
|
|
|
Comparison of Corporate Taxation in the Czech Republic and the United Kingdom
Štěpánková, Zuzana ; Skálová, Jana (advisor)
This master thesis deals with the comparison of corporate taxation in the Czech Republic and the United Kingdom. In the first chapter, the terms tax and tax system are described and the Czech and the UK tax systems are analysed and compared. The second chapter deals with corporate taxation, its history and current trends. It is deeply focused on the corporate taxation in the observed countries. In the third chapter the deferred tax is explained and the impact of corporate taxation rules on deferred tax is analysed. The crux of my thesis lies in the evaluation and comparison of both systems of the corporate taxation.
|
|
|
Using IFRS for taxation
Tuzarová, Simona ; Mejzlík, Ladislav (advisor) ; Procházka, David (referee) ; Tumpach, Miloš (referee)
Tato práce popisuje rozdíly dvou systemů - účetnictví a korporátního zdanění a take mapuje současné vědění o vzájemné intenzitě mezi oběma disciplínami. Díky analýze vědeckých prací, které byly doposud napsány, lze říci, že najít ideální vztah mezi oběma veličinami je nemožné a optimální krajně složité. Vztah mezi účetnictvím a zdanění je v České republice řízen pomocí zákona o daních z příjmů. Díky evropské harmonizaci účetnictví přijaly kótované společnsoti IFRS, které ale pro zdanění nesmí být aplikovány. Hlavním cílem této práce je zhodnotit přijetí IFRS také pro zdanění. Pro naplnění tohoto cíle byly použity informace a data získané osobním pohovorem s dotčenými společnostmi. Výsledky výzkumu ukazují, že IFRS jsou použitelné pro zdanění a drtivou většinou respondentů by takový krok byl vítán.
|
|
|
Transformation of accounting profit to the corporate tax base
Svobodová, Petra ; Jurka, Robert (advisor) ; Dolanská, Darina (referee)
The bachelor thesis deals with transformation of accounting profit to the corporate tax base in accordance with appropriate laws in Czech republic. The thesis is comprised of two parts. The first one, theoretical part, is focused on the most common adjustments of accounting profit. It defines expenses and revenues, which can not be contained in corporate tax base. The practical part is comprised of complex example, which includes filling of the tax return.
|
|
|
Corporate income tax bases and accounting profits
Dyškant, Jan ; Vítek, Leoš (advisor) ; Pavel, Jan (referee)
This diploma thesis presents the relationship between corporate tax bases and corporate profits. It lists current steps taken by the EU in that area and defines the following terms: Corporate Income Tax Base, Common Consolidated Corporate Tax Base, International Financial Reporting Standards, methods for measuring the connection between tax bases and profits. Tax base is analyzed through description of the Common Consolidated Corporate Tax Base and evaluation of its benefits for the user is based on data from a study made by Deloitte. Profit is analyzed with regards to IFRS implementation in Czech Republic and declared value of profit according to both systems is compared using a case study. The methods measuring connection between the specified variables are coupled with arguments against and in favor of converging of both variables. Arguments are documented on selected topics published in Czech Republic.
|
|
|
Corporate Income Taxes in Accounting focused on Ltd
Holíková, Zuzana ; Müllerová, Libuše (advisor) ; Doležalová, Ivana (referee)
The thesis is primarily focused on the procedure to calculate corporate payable tax on income. Given that the taxpayer is forced to rely on accounting profit, the objective of this thesis shows how the accounting and tax system interact each other and what impact does this linkage to determine corporate income tax. Part of this thesis is focused on a specific company, which is a limited company, and its tax implications of the distribution of profits and payment of rewards that accrue to shareholders and managers of the activities in the community.
|
|
|
Corporate Income Tax
Majer, Jakub ; Randáková, Monika (advisor) ; Míková, Marie (referee)
This diploma thesis deals with the corporate income tax. At first there are explained adjustments of accounting profit in the procedure defining the tax base, the most important part of which relates to tax deductible and non-deductible expenses. Subsequently there is defined how to determine the amount of payable tax and how to report this tax in financial statements. There is also mentioned the impact of payable tax on the disposable profit. The hypothesis, that in most cases the payable income tax is higher than the product of accounting profit before tax and tax rate, is tested in the concluding part of this thesis.
|
|
|
Corporate Income Taxes in Accounting
Kalivodová, Tereza ; Randáková, Monika (advisor) ; Bokšová, Jiřina (referee)
The aim of this thesis on "Corporate Income Taxes in Accounting" is to show what takes place this tax in the tax system of Czech Republic, to define the current legislation of this issue, to describe the procedures to detect the amount of payable tax and deferred tax and their subsequent reporting in financial statements. Finally, it views the impact of these taxes on disposable income of the entity.
|
|
|
Application of tax depreciation in the Czech Republic
Bulušková, Andrea ; Slintáková, Barbora (advisor) ; Schvábová, Andrea (referee)
This bachelor thesis analyses tax depreciation of tangible assets in the Czech Republic. Thesis concentrates on impact of tax depreciation on income of juristic persons. The work is divided into three chapters, which are logically connected. The first chapter descibes fundamentals and function of depreciation. There are the differencies between account and tax depreciation. The second chapter defines tangible assets, entrance price and methods of depreciation. Entrance price of tangible essets is transmitted into the expenses through tax depreciations gradually in several terms. Model situations of tangible assets tax depreciation use are in the third chapter.
|
|
|
Adjustment of accounting profit on tax base
Kalivodová, Tereza ; Randáková, Monika (advisor)
The goal of my thesis on " Adjustment of accounting profit on tax base" is explain the issues the survey of the tax base. I specifically focus on finding profit on an accrual basis, on costs, which for tax purposes can or cannot be recognized and at the end of the impact of income tax on disposable income.
|
guest ::
