<abstract xmlns="http://www.w3.org/1999/xhtml"><p>The profit, according to the definition given in the Explanatory Dictionary of the Romanian language (Dex), represents a “gain” obtained in a given period of time by taxpayers, legal entities and individuals, while the total revenue achieved by economic activities performed in order to obtain income, are greater than the costs incurred to obtain the respective income. According to the regulations in effect, this gain is subject to taxation by applying a rate of 16% on the tax base. The resulted amount, represents the income tax, sum which once listed and submitted with a tax return to the tax institution, becomes a tax receivable which the state is entitled to collect.</p><p>A special importance in determining the tax base for income tax calculation, it represented by a correct electronic processing of accounting data for obtaining information in order to determine the correct amounts owed to the state and the electronic preparation and submission of tax returns.</p></abstract>

The profit, according to the definition given in the Explanatory Dictionary of the Romanian language (Dex), represents a “gain” obtained in a given period of time by taxpayers, legal entities and individuals, while the total revenue achieved by economic activities performed in order to obtain income, are greater than the costs incurred to obtain the respective income. According to the regulations in effect, this gain is subject to taxation by applying a rate of 16% on the tax base. The resulted amount, represents the income tax, sum which once listed and submitted with a tax return to the tax institution, becomes a tax receivable which the state is entitled to collect.A special importance in determining the tax base for income tax calculation, it represented by a correct electronic processing of accounting data for obtaining information in order to determine the correct amounts owed to the state and the electronic preparation and submission of tax returns.

Aspects On The Importance Of Electronic Processing Of Information In Calculating The Profit Tax

“DimitrieCantemir” Christian University Bucharest, Cluj-Napoca, Romania

International conference KNOWLEDGE-BASED ORGANIZATION

This work is licensed under the Creative Commons Attribution-NonCommercial-NoDerivatives 3.0 License.

The profit, according to the definition given in the Explanatory Dictionary of the Romanian language (Dex), represents a “gain” obtained in a given period of...

Aspects On The Importance Of Electronic Processing Of Information In Calculating The Profit Tax

Published Online: Nov 24, 2015

Page range: 374 - 378

DOI: https://doi.org/10.1515/kbo-2015-0063

Keywords
information, income, expenses, taxable profit, net profit

© 2015 Miranda Petronella Vlad et al., published by De Gruyter Open

This work is licensed under the Creative Commons Attribution-NonCommercial-NoDerivatives 3.0 License.

Aspects On The Importance Of Electronic Processing Of Information In Calculating The Profit Tax

Published Online: Nov 24, 2015

Page range: 374 - 378

DOI: https://doi.org/10.1515/kbo-2015-0063

Keywordsinformation, income, expenses, taxable profit, net profit

© 2015 Miranda Petronella Vlad et al., published by De Gruyter Open

This work is licensed under the Creative Commons Attribution-NonCommercial-NoDerivatives 3.0 License.

Keywords
information, income, expenses, taxable profit, net profit