1 research outputs found
Valuation of deferred taxes and its impact on companies' performance
Odlaganje poreskih plaćanja jedna je od najatraktivnijih kompanijskih strategija na polju upravljanja poreskim opterećenjem, ali iznosi odloženih poreza (kao i odloženih poreskih ušteda) dugo nisu mogli da se sagledaju iz finansijskih izveštaja. Dilema oko toga da li uopšte treba izveštavati o odloženim porezima i u kojoj meri njihovo iskazivanje omogućava realniju procenu performansi poslovanja još uvek je aktuelna. Cilj ove disertacije je da jednim celovitim istraživanjem fenomena odloženih poreza doprinese razrešenju postavljenih dilema...Tax deferral is one of the most attractive tax management strategie, but amounts of
deferred taxes (as well as deferred tax savings) could not be perceived from the financial
statements for a long period of time. Weather or not deferred taxes should be reported and
to what extant they provide better evaluation of firm’s performance is still a question. The
purpose of this dissertation is to contribute to answer of this question by providing a
comprehensive research of the deffered taxes phenomenon.
Deferred taxes result from temporary differences between financial accounting and
tax rules of the calculation of periodic results. In order to assess justification for these
differences and perspectives of deferred tax, a comparison between objectives and basic
concepts of financial versus tax reporting was made, as well as the comparative analysis of
the status and tendencies across certain countries with the emphasis on demonstrated
advantages and disadvantages of different relationships between one and the other reporting
system. It was shown that the compliance of income calculation for accounting and tax
purposes would be at the expense of the achievement of objectives for both financial
reporting and income taxation, so that the divergence is conceptually founded and
desirable. However, this does not mean that ,in the same time, there does exist a possibility
of using identical approaches on many issues. The divergence raises reporting costs and it
is justified only if it contributes to the increase of expressive power of presented reports.
Advantages of divergence over uniform model back up expectations that the
differences between accounting and tax rules will keep on occurring, as well as deferred
tax. The deffered taxes amount increases with the increase of the temporary differences and
tax rates which applied to the temporary differences and give the amounts of of future
increase and decrease of tax payments