Issues regarding accounting and reporting of income tax. Summary of the doctoral thesis in economic sciences

Abstract

THE RELEVANCE of the research topic and the importance of the problem addressed. A country in the process of European integration, such as the Republic of Moldova, has to deal with internal and external factors, which require all entities to be properly informed about the current operating conditions, especially the regulatory framework, including the tax system, as well as the level of development and application of modern technologies. As the business models of entities become increasingly complex, the accounting and tax regulatory framework must capture the plethora of possible situations and regulate them clearly. Using the power of technology, the accounting profession provides information that guides entities and individuals through complex matters and integrates tax considerations into the sustainability agenda. Looking at tax strategy through a sustainability lens is becoming the norm for companies. The management of an entity requires the operation of accounting departments, either as a separate structure or through an employed accountant or a service provider. Oftentimes, accounting is also approached in terms of tax obligations, so the accountant also manages the tax aspects. The relationship between accounting and taxation, especially regarding income tax, is extensively addressed in the literature, generating divergent opinions and difficult matters in applying regulations. The relevance of the topic is justified by the continuous dynamics of legislative changes in the accounting and tax field, with an accelerated pace of tax changes, making it difficult for taxpayers to assimilate. The interest of the research is supported by the universal nature of income tax, applicable to all entities and individuals with economic activities, regardless of size, field, or tax regime, and with particularities related to the use of the NAS or IFRS. The research topic remains relevant because capital holders will always be interested in obtaining the highest possible profits and paying as few taxes as possible.