Accounting and tax aspects of earnings under the scope of the peruvian tax legislation

Authors

DOI:

https://doi.org/10.15381/quipu.v29i60.20194

Keywords:

Accrual, Tax Court, Taxpayers, Income Tax, IFRS 15

Abstract

Objectives: Describe technically the accounting and tax aspects of the accrual under the scope of the Peruvian tax legislation and identify a trend in the interpretation of the matter in the tax field for its application therein. Method: The research was quantitative, cross-sectional, non-experimental and descriptive in scope. The sample was made up of the various conclusions of the Tax Court from 1997 to 2017. Results: The results of the investigation show that 68% of the resolutions issued by the Tax Court consider an accounting concept compared to 32% that take a legal concept to resolve the controversy facing the accrual. Conclusion: In conclusion, there is a significant trend in the use of the accounting concept by the Tax Court from 1997 to 2017 for its application in the Income Tax Law, given that seven out of ten cases were solved under an accrual accounting concept; because of this, it is necessary to incorporate an accrual concept in the Income Tax Law, whose validity is as of fiscal year 2019 in order to mitigate said controversy that was given in the previous years.

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Author Biographies

  • Bill Frank Oscanoa Ponce, Ernst & Young consultants SRL

    Certified Public Accountant from Universidad Mayor de San Marcos. Master in Taxation from the same university. He also completed postgraduate studies in advanced specialization in Taxation and International Financial Reporting Standards (IFRS) at Universidad ESAN and Pontificia Universidad Católica del Perú respectively. He is a member of the International Fiscal Association (IFA) and the Peruvian Institute of Research and Tax Law (IPIDET).

     

  • Ronald Studer Levano Huamaccto, Ernst & Young consultants SRL

    Accountant with a major in Tax Management from Universidad Nacional Mayor de San Marcos (UNMSM). He has postgraduate specialization studies from UNMSM. He also has specializations in International Financial Reporting Standards. Currently, he is senior corporate Tax of the auditing and consulting firm Ernst & Young.

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Published

2021-09-01

Issue

Vol. 29 No. 60 (2021)

Section

Original papers

License

Copyright (c) 2021 Bill Frank Oscanoa Ponce, Ronald Studer Lévano Huamaccto

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This work is licensed under a Creative Commons Attribution 4.0 International License.

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How to Cite

Oscanoa Ponce, B. F., & Levano Huamaccto, R. S. (2021). Accounting and tax aspects of earnings under the scope of the peruvian tax legislation. Quipukamayoc, 29(60), 73-80. https://doi.org/10.15381/quipu.v29i60.20194