Abstract:

One of the main informational interests approached by accountancy is the fiscal one. The matter of conciliating accountancy with fiscality has a long history. Unlike accounting rules, fiscal rules do not obey the display of a fiscal image of the company’s operations. The issuing matter regards the conciliation of accountancy representing the company’s interest and subordinated to a truthful image, with fiscal interest representing the State. IAS 12 exhibits the circumstances according to which different evaluation rules determine differences between accounting profit and fiscal profit. The standard settles the matter of the so-called “passage” between the two results – the accounting one and fiscal (taxable) one.