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

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.