Accounting and taxes of legal entities II

Syllabus

1. Corporate income tax - theoretical basis of corporate taxation. Basic structural elements of corporate income tax. 2. The relationship between the accounting and tax system in determining the tax base and corporate income tax in the conditions of the Slovak Republic. 3. Accounting presentation and tax deductibility of expenses / costs related to: creation of provisions and adjustments, assignment and write-off of receivables. 4. Accounting presentation and tax deductibility of overdue liabilities, subsequent adjustment of the tax base in the tax period in which the liabilities were paid, remission of liabilities. 5. Problems of transformation of profit or loss based on income tax and its consequences. Items that increase and decrease profit or loss. 6. Items deductible from the tax base: deduction of tax loss, deduction of expenses (costs) for research and development. Tax relief for recipients of investment aid. Tax relief for incentive recipients. Income tax declaration of income of legal entities. 7. Value added tax: taxable persons, registration obligation, taxable transactions, determination of the place of taxable transaction. 8. Basic principles of the value added tax mechanism: tax liability, tax deduction, excessive deduction. 9. Application of value added tax in the implementation of taxable transactions in the country. 10. Application of value added tax to taxable transactions with other Member States of the European Union and with third countries. 11. Obligations of persons liable to pay value added tax. Relation of accounting and tax declaration to value added tax. 12. Accounting and tax system in a market economy and their relationship. Accounting concepts (models) in relation to the tax system. 13. Tax harmonization in EU countries.