Income Tax: The Relationship between Accounting and Taxation

Abstract

The present research focuses on the study of income tax through the lens of accounting and the lens of taxation by establishing the interdependence links that are formed. The taxation of entities' income and profits is a particularly important component of any tax system, but also of how it is determined, calculated, recorded, and reported (by accounting) for each entity. In this context, this research addresses the relationship between accounting and taxation with regard to income tax, starting from the principles on which it is based, the reporting period, and the regulatory framework. UDC: 657.446:336.226.1(478); JEL: M41, H29; DOI: https://doi.org/10.53486/2537-6179.9-2.13