The Importance of the Type of Accounting Records from the Perspective of Company's Tax Policy

• Autorzy: Wioletta Talik
• Języki publikacji: EN

Abstrakty

EN

Aim: the aim of the paper is to explore the importance of the type of accounting books for the finances of enterprises. Drawing on the financial data, the differences are shown in the amount of income tax to be paid applying various forms of taxation. Considering the fact that economic entities seek to optimize the level of tax payments, what becomes a priority is the choice of the taxation form from those provided for under the provisions of the Polish tax law. Research methods: In the paper, the Polish tax law was analyzed in terms of personal and corporate income tax and the Accounting Act. The analysis was also carried out concerning the financial results of enterprise in the context of the available options of tax records. Findings/conclusions: Bearing in mind that the financial decisions should be as advantageous as possible from the entrepreneur 's point of view, the decision on the form of income tax declaration is crucial. An in-depth analysis allows for making an optimal decision. Attention should be drawn to the fact that employing the method involving a lower income tax rate while applying the statutory principles of accounting does not ultimately mean that less tax will be paid than while applying the provisions pertaining to the method which imposes a higher income tax rate on the tax payer. Originality/value of the paper: The comparison of the results of the analysis provides information for entrepreneurs on what differences in the amount of income tax occur depending on different forms of tax records. The findings focus on the need to make a careful choice of the taxation method while taking into account all the aspects including the tax amount and accounting service costs, in particular with respect to entrepreneurs applying simplified accounting. The theoretical part of the paper delineating the rules on income tax declaration may also provide the answer as to which method is the most suitable for a particular undertaking. (original abstract)

Słowa kluczowe

EN

Income tax; Accounting; Financial performance; Costs; Banks

PL

Podatek dochodowy; Rachunkowość; Wynik finansowy; Koszty; Banki

• Czasopismo: Central and Eastern European Journal of Management and Economics
• Rocznik: 2019
• Tom: 7
• Numer: nr 1
• Strony: 109--126

Twórcy

autor

Wioletta Talik

Bibliografia

• Barowicz M. (2014). Determinanty struktury kapitałowej przedsiębiorstwa. Podejście empiryczne, edu-Libri s.c., Kraków, pp. 69-70.
• https://badania.parp.gov.pl/raport-o-stanie-sektoramsp/stan-sektora-msp-w-polsce [14.11.2018].
• Łapiński J., Nieć M., Orłowska J., Zakrzewski R. (2018). Obraz statystyczny przedsiębiorstw w Polsce), in: Raport o stanie sektora małych i średnich przedsiębiorstw w Polsce), PARP, Warszawa, pp. 16-17.
• Poszwa M. (2015). Wynik podatkowy, a wynik finansowy - analiza różnic i ich konsekwencji, Finanse. Rynki finansowe. Ubezpieczenia, No 73 pp. 229-239.
• Poszwa M. (2017). Podatek dochodowy a wybór formy prawnej działalności gospodarczej, Finanse. Rynki finansowe. Ubezpieczenia. Finanse. Rynki finansowe. Ubezpieczenia, No 4 (88) cz. 1 Rachunkowość w zarządzaniu jednostkami gospodarczymi, pp.181-189.
• Ustawa z dnia 11.03.2004 r. o podatku od towarów i usług (Act of 11 March 2004 on VAT), J.L. 2017, item. 1669.
• Ustawa z dnia 20.11.1998r. o zryczałtowanym podatku dochodowym od niektórych przychodów osiąganych przez osoby fizyczne (Acto f 20 November 1998 on Lump-Sum Income Tax on Revenue Generated by Natural Persons), J.L.. 2017, item .1291.
• Ustawa z dnia 26.07.1991r. o podatku dochodowym osób fizycznych (Act of 26 July 1991 on Personal Income Tax), J.L. 2018, item. 1509.
• Ustawa z dnia 29.09.1994r. o rachunkowości (Accounting Act of 29 September 1994), J.L.. 2018, item. 395.
• www.finanse.mf.gov.pl/budzet-panstwa/wplywy-budzetowe/-/ [14.11.2018].
• www.mf.gov.pl [30.09.2018].
• www.wskazniki.gofin.pl [30.09.2018].Skrodzka V. (2017). Studia ekonomiczne/ Uniwersytet Ekonomiczny w Katowicach, nr 333, s. 215-225.

Identyfikatory

DOI

10.29015/ceejme.793