| Abstract [eng] |
Although financial accounting rules is the base of company accounting and preparation of tax declarations, the relationship between financial and tax accounting was always difficult. There are different levels of dependency within countries and no country is able to avoid the difficult relationship between accounting and taxation. Rising gap between financial and tax accounting in recent years have received great interest and debate. In Lithuania relationship between financial accounting and taxation is weak. When business accounting standarts took effect, discrepancy between financial and tax accounting became inevitable. Corporate tax accounting is particularly important, as financial and tax accounting the base of corporate tax are computing differential. Taxable profit varies from financial profit, therefore it is important to determine sources of divergence between financial accounting and taxation., typies of differencies and their influence to the size of corporate tax. For this reason effective tax rate evaluation is very important for Lithuanian companies. Subject of the work – financial and tax accounting. Objective of the work – to explore discrepancy between financial and tax accounting by setting basic sources of divergence and possible types of relationship between financial and tax accounting internationally, and going further analyse interface between financial and tax accounting in Lithuania. To meat an aim, these tasks are braught forward: 1) To define essence and purpose of financial and tax accounting and to determine basic sources of divergence between financial and tax accounting. 2) To educe possible types and cases of relationship or discrepancy between financial accounting and tax accounting. 3) To describe characteristics of corporate tax accounting in Lithuania according to the rules of financial accounting and requirements of taxation, and to determine the type of relationship between financial and tax accounting. 4) To measure influence of discrepancy between financial and tax accounting to the size of corporate tax. 5) To make a research of effective tax rate and factual corporate tax of Lithuanian companies and give results of the research. In this study qualitative and quantitative methods of analysis were used: systemtic nonfiction literature analysis, comparison of information and data, statistical analysis methods – average, standart deviation, correlation, regression. Work consists of three main parts. In the first part there is reviewed foreign literature and various authors research analysing sources of discrepancy between financial and tax accounting ang possible relationship or discrepancy cases, educing the main rules, purposes and objectives of financial and tax accounting. In the second part there is determined effective tax rate calculating order and reviewed in the other countries made research of effective tax rate. It is analysed relationship between financial and tax accounting in Lithuania in this part, setting differencies between taxable and financial profit and studying influence of those discrepancies to the size of corporate tax. In the third part it would be refered methodology and results of effective tax rate and factual corporate tax research made, proved hypothesis and given answers to the questions of discrepancy importance between financial and tax accounting in Lithuania. |
