Normative compliance on taxes on profits reported by stock market companies under IFRS

Authors

DOI:

https://doi.org/10.15381/quipu.v27i53.15984

Keywords:

Regulations, financial statements, taxes, deferred, profits, stock market

Abstract

Objective: To evaluate the level of regulatory compliance of the International Financial Reporting Standards IFRS with respect to the application of International Accounting Standards IAS 12 Income tax on the financial information reported and published by companies listed on the Lima Stock Exchange for the period ended in 2016. Method: It is a practical, descriptive, quantitative and non-experimental research, with numerical data processing through statistical analysis. Results: The sample consisted of 52 companies from the industrial, mining and public service strata. Their frequencies of compliance with financial information under IFRS were reviewed and it was determined that the companies that report their financial information do not comply a 100% with the regulations proposed by the IAS 12 Income tax. Conclusions: The financial information prepared under IFRS and reported by industrial, mining and public service companies has a high propensity to comply with the normative criteria of IAS 12 Income tax with respect to the presentation and disclosure of tax information to earnings.

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Author Biography

  • Percy Antonio Vilchez Olivares, Universidad Nacional Mayor de San Marcos
    Doctor in Accounting and Business Sciences from the Universidad Nacional Mayor de San Marcos. Master in Organizational Development from the Universidad Diego Portales de Chile. Certified Public Accountant at the National University of San Marcos. He has Postgraduate degrees in International Accounting IFRS at the University of Chile, in International Financial Reporting Standards at Centrum Graduate Business School Pontificia Universidad Católica del Perú, in Management at the Universidad Adolfo Ibañez de Chile, Business Administration in Finance at the Universidad ESAN de Perú , Banking and Finance at the University of Lima. Benemérito Accountant of Peru granted by the Board of Deans of Colleges of Public Accountants of Peru (2018) and Honorary Accountant of the College of Public Accountants of Loreto (2017). Research Professor at the UNMSM belonging to the Financial and Accounting Sciences Research Institute.          

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Published

2019-04-16

Issue

Vol. 27 No. 53 (2019)

Section

Original papers

License

Copyright (c) 2019 Percy Antonio Vilchez Olivares

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How to Cite

Vilchez Olivares, P. A. (2019). Normative compliance on taxes on profits reported by stock market companies under IFRS. Quipukamayoc, 27(53), 41-48. https://doi.org/10.15381/quipu.v27i53.15984