Proceedings of The 5th International Conference on Research in Management and Economics
Deferred Tax Reporting in Czech Limited Partnerships
Michal Šindelář, Richard Stiebal
This paper discusses the role of deferred tax in pass-through entities and examines how Czech limited partnerships, which can be classified as partly pass-through, approach deferred tax reporting. It is found that Czech partnerships mostly acknowledge their tax position for deferred tax purposes and comply with basic deferred tax accounting principles, with desirable outcome being more frequent among partnerships audited by any of the Big Four accounting firms. This paper also presents a proposed method of deferred tax computation for partly pass-through entities which is formulated on the background of interperiod income tax allocation.
keywords: Deferred Tax, Limited Partnership, Pass-through Entity, Accounting.