Accounting Profit and Taxable Profit: Shall Never the Twain Meet?

The profitability of a company is important for both the company and the tax authority as both need to know the economic result of the company. However accounting income and taxable income are computed differently as they serve different purposes. Profitablity is used to guide the company in decidin...

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Main Authors: KHOO, Teng Aun, TAN, Kai Guan
格式: text
語言:English
出版: Institutional Knowledge at Singapore Management University 2012
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在線閱讀:https://ink.library.smu.edu.sg/soa_research/848
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機構: Singapore Management University
語言: English
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spelling sg-smu-ink.soa_research-18472014-02-03T04:02:21Z Accounting Profit and Taxable Profit: Shall Never the Twain Meet? KHOO, Teng Aun TAN, Kai Guan The profitability of a company is important for both the company and the tax authority as both need to know the economic result of the company. However accounting income and taxable income are computed differently as they serve different purposes. Profitablity is used to guide the company in deciding whether the business is viable, whereas it is used by the tax authority to determine how much tax is to be levied on the company. 2012-01-01T08:00:00Z text https://ink.library.smu.edu.sg/soa_research/848 Research Collection School Of Accountancy eng Institutional Knowledge at Singapore Management University Profitability taxable income accounting income Accounting Corporate Finance Taxation
institution Singapore Management University
building SMU Libraries
continent Asia
country Singapore
Singapore
content_provider SMU Libraries
collection InK@SMU
language English
topic Profitability
taxable income
accounting income
Accounting
Corporate Finance
Taxation
spellingShingle Profitability
taxable income
accounting income
Accounting
Corporate Finance
Taxation
KHOO, Teng Aun
TAN, Kai Guan
Accounting Profit and Taxable Profit: Shall Never the Twain Meet?
description The profitability of a company is important for both the company and the tax authority as both need to know the economic result of the company. However accounting income and taxable income are computed differently as they serve different purposes. Profitablity is used to guide the company in deciding whether the business is viable, whereas it is used by the tax authority to determine how much tax is to be levied on the company.
format text
author KHOO, Teng Aun
TAN, Kai Guan
author_facet KHOO, Teng Aun
TAN, Kai Guan
author_sort KHOO, Teng Aun
title Accounting Profit and Taxable Profit: Shall Never the Twain Meet?
title_short Accounting Profit and Taxable Profit: Shall Never the Twain Meet?
title_full Accounting Profit and Taxable Profit: Shall Never the Twain Meet?
title_fullStr Accounting Profit and Taxable Profit: Shall Never the Twain Meet?
title_full_unstemmed Accounting Profit and Taxable Profit: Shall Never the Twain Meet?
title_sort accounting profit and taxable profit: shall never the twain meet?
publisher Institutional Knowledge at Singapore Management University
publishDate 2012
url https://ink.library.smu.edu.sg/soa_research/848
_version_ 1770571158691774464