Title

Accounting Profit and Taxable Profit: Shall Never the Twain Meet?

Publication Type

Journal Article

Publication Date

1-2012

Abstract

The profitability of a company is important for both the company and the tax authority as both need to know the economic result of the company. However accounting income and taxable income are computed differently as they serve different purposes. Profitablity is used to guide the company in deciding whether the business is viable, whereas it is used by the tax authority to determine how much tax is to be levied on the company.

Keywords

Profitability, taxable income, accounting income

Discipline

Accounting | Corporate Finance | Taxation

Research Areas

Financial Performance Analysis

Publication

CPA Singapore

Volume

3

Issue

1

First Page

30

Last Page

32

ISSN

2010-1864

Publisher

CPA Singapore

City or Country

Singapore

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