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
Format:	text
Language:	English
Published:	Institutional Knowledge at Singapore Management University 2012
Subjects:	Profitability taxable income accounting income Accounting Corporate Finance Taxation
Online Access:	https://ink.library.smu.edu.sg/soa_research/848
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Institution:	Singapore Management University
Language:	English

id	sg-smu-ink.soa_research-1847
record_format	dspace
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

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

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