fiskalisaatio

Fiskalisaatio is a process used in accounting and taxation to convert the financial statements of a company into a format that is suitable for tax purposes. This process involves adjusting the financial statements to reflect the taxable income of the company, which may differ from the accounting income. The primary goal of fiscalization is to ensure that the company's tax liability is accurately calculated and that it complies with the tax laws of the jurisdiction in which it operates.

The process of fiscalization typically involves several steps. First, the company's financial statements are reviewed to identify any items that are not tax deductible or are subject to different tax rates. These items are then adjusted to reflect their taxable value. For example, depreciation expenses on assets may be adjusted to reflect the tax depreciation method, which may differ from the accounting depreciation method.

Next, any tax credits or deductions that the company is eligible for are identified and applied. These may include research and development credits, tax incentives for hiring employees, or deductions for charitable contributions. The company's taxable income is then calculated by subtracting the tax deductions and credits from the adjusted financial statements.

Finally, the company's taxable income is used to calculate its tax liability. This may involve applying different tax rates to different types of income, such as corporate income tax rates versus individual income tax rates. The resulting tax liability is then used to determine the amount of tax that the company must pay to the government.

Fiscalization is an important process for companies, as it ensures that they are paying the correct amount of tax and that they are complying with the tax laws of their jurisdiction. It also helps to ensure that the company's financial statements are accurate and reliable, as they are adjusted to reflect the taxable income of the company.