Analysis of the Tax Effect Method Application in the Patrimonial Societies
José Moreno Rojas
This paper makes a reflection on the particularities that the tax effect method application will have in the companies where the special tax regime of patrimonial societies is applicable. This regime, that went into effect in 2003, implies that these societies determine their tax basis following the norm of the Physical People Rent Tax, which will produce large differences between their accounting profiles and their tax basis. On the other hand, the fact that these societies ' tax basis is divided in two parts, generic and special, which will be paid to two different taxes, generates problems when valuing the tax expense yielded and deferred tax assets and liabilities, being analyzed different possibilities for this situation in this paper.
tax accounting, income taxes, tax effect, patrimonial societies.
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