Ways of Improving Tax Accounting in Small and Medium Enterprises of RA

Authors

  • Tigran Avetisyan Yerevan State University

DOI:

https://doi.org/10.46991/BYSU:G/2014.5.3.058

Keywords:

“International Financial Reporting Standards for Small and Medium Enterprises”, income tax, gross revenue, taxable income, finance income, effective interest rate, revenue, inventory, construction contracts

Abstract

When the law on "Income Tax" of RA does not define the calculation or determination of the specifications of the gross income or deductions from gross income, organizations may apply the laws of accounting and financial reporting. If in the calculation of financial costs, revenues and inventory in certain cases organizations apply the principles of the IFRS for SMEs, the tax authorities, which have a positive independent audit opinion on the financial statements of the company, may not spend the time and resources to verify the accuracy of numbers and costs. Thus, the audit of SMEs can make a significant contribution to the improvement of the mechanisms of accounting of taxable profits and in issues of improving tax administration of such organisations.

Published

2014-12-29

How to Cite

Avetisyan, T. (2014). Ways of Improving Tax Accounting in Small and Medium Enterprises of RA. Bulletin of Yerevan University G: Economics, 5(3 (144), 58–64. https://doi.org/10.46991/BYSU:G/2014.5.3.058

Issue

Section

Articles