Received:
2024-05-18 | Accepted:
2024-09-05 | Published:
2024-09-30
Title
Evaluation of revenues, EBITDA, net profit, and corporate income taxes in relation to the income side of the state budget
Abstract
The effective operation of small, medium, and large enterprises is essential for society and the state budget. The efficiency of companies from an accounting and financial reporting perspective can be measured based on data presented in financial statements. The structure of financial statements is defined by the Decree of the Ministry of Finance of the Slovak Republic, and these statements also serve as a mandatory attachment to the corporate income tax return. According to the Accounting Act, legal entities' financial statements are published in the Register of Financial Statements, which is publicly accessible. The state aims to build a control system that ensures the monitoring of accounting and corporate income tax to secure the income side of the state budget. In the Slovak Republic, the control body for business entities is the Financial Administration of the Slovak Republic, including tax offices under its jurisdiction. This paper aims to highlight the correlation between achieved revenues, net profit, the EBITDA financial indicator, and corporate income tax with a focus on the results of the control activities of the Financial Administration of the Slovak Republic. The research involved 146,560 business companies, with the analyzed companies selected from the following sectors: retail, metalworking and metallurgy, construction, transport and logistics, vehicle sales and maintenance, electrical engineering, energy and mining, healthcare, and the automotive industry.
Keywords
financial statements, revenues, EBITDA, net profit, corporate income tax, income side of the state budget, tax audit
JEL classifications
H83
URI
http://jssidoi.org/jesi/article/1243
DOI
Pages
459-467
Funding
This paper is an output of the science project VEGA no. 1/0429/22 with the title The assessment of property valuation impacts on the financial health of agricultural enterprises in the Slovak Republic
This is an open access issue and all published articles are licensed under a
Creative Commons Attribution 4.0 International License
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