Český finanční a účetní časopis 2007(4):57-61 | DOI: 10.18267/j.cfuc.246

Deferred Income Tax in the Czech Republic

Monika Randáková

Ing. Monika Randáková, Ph.D. - odborná asistentka; Katedra finančního účetnictví a auditingu, Fakulta financí a účetnictví, Vysoká škola ekonomická v Praze, nám. W. Churchilla 4, 130 67 Praha 3; <randakm@vse.cz>.

The aim of this article is to outline the evolution of the methods of accounting deferred tax in the Czech Republic, since the 1990's until present day. The basis of this article was an article Holečková in European Accounting Review, which focused not only on the subject of deferred tax, but generally on the reform of the accounting and tax system of the Czech Republic that started in 1993. There was very little attention given to the entry of deferred tax (deferred tax liability or receivable) during the 90's. The broad legal amendments of the Czech accounting system, at the beginning of the 21st century, brought change in the way deferred tax was reported and accounted. The backbone of the legal layout of deferred tax in the Czech Republic today is the international accounting standard IAS 12.

Keywords: Deferred tax liability; Deferred tax receivable; Interim differences; Income approach; Balance approach.

JEL classification: M41

Published: December 1, 2007  Show citation