Tax Issues Arising from the Adoption of IFRS -How to Deal With the Adjustments of Retained Earnings-

• Main Authors: Tzung-Yo Ko, 柯宗佑
• Other Authors: Keh-Chang Gee
• Format: Others
• Language: zh-TW
• Published: 2013
• Online Access: http://ndltd.ncl.edu.tw/handle/47244766781185294541

碩士 === 國立臺灣大學 === 法律學研究所 === 101 === To be more in line with international practice, public listed companies in Taiwan have to adopt International Financial Reporting Standards (IFRS) by 2013. Because there are some differences between ROCGAAP and IFRS, adjustments of retained earnings are required to move from previous GAAP to IFRS at the time of first-time adoption. There are several issues that need to be addressed due to the adjustments of retained earnings. For example, whether the adjustments of retained earnings should be taxed or not (including both income tax and income tax on undistributed earnings). Another question is how to deal with the adjustments of retained earnings under the integrated income tax system, especially the problem of variable income. Competent authorities have responded those issues mentioned above since 2009. The latest revised draft for income tax is also made to solve the same problem. In this paper, the author makes some researches into how other countries deal with, and analyze the problem with principle of legitimate expectation, ability to pay principle, and the relationship between accounting principles and taxation, etc.