| Abstract [eng] |
The main purpose of this master thesis is to examine the relationships between financial accounting and corporate tax regulation, as well as the factors that statistically significantly affect the deferred tax in EU renewable electricity production companies. Additionally, the study aims to evaluate the moderating effect of differences in corporate tax legal regulation on these relationships. The work consists of three main parts: the analysis of literature, the research and its results, conclusion and recommendations. Literatures analysis reviews the book-tax conformity, presents the main principles of permanent and temporary differences, introduces the concept of deferred tax, and highlights its significance. Additionally, it analyses previously conducted scientific studies to identify the key aspects of book-tax conformity. As well as the significance of deferred tax for decision-making by users of financial statements. After the literatures analysis the author has carried out a study to investigate which factors have a statistically significant impact on the deferred tax in the consolidated financial statements of EU renewable electricity production companies, and whether differences in corporate tax legal regulation moderate the relationship between significant factors and the deferred tax. The study sample included 27 EU renewable electricity production companies, which accounted for 135 financial years. The correlation-regression analysis was performed using the SPSS program, and the moderation effect was analysed using Andrew F. Hayes' PROCESS v4.2 plugin. The performed research revealed that there is a statistically significant relationship between the deferred tax and the factors of tax avoidance and company size. The impact of company size on deferred tax is weaker than that of tax avoidance. Additionally, the depreciation of non-current assets consistently affects the deferred tax. Finally, corporate tax legal regulation weakens the relationship between deferred tax and tax avoidance, meaning that a strong relationship between financial and tax accounting increases the impact of tax avoidance on deferred tax. The conclusions and recommendations summarize the main concepts of the literature analysis as well as the results of the performed research. The author believes that the results of the study could benefit companies operating in the EU renewable electricity production sector, as well as potential investors evaluating the financial statements of these companies. |
