Comparison of the Corporate Income Tax in Selected Countries

Bolin Shang

Master's thesis

Abstract:

Korporátní důchodová daň hraje důležitou roli při tvorbě fiskálních příjmů, při podpoře sociálního a ekonomického rozvoje a při sledování makroekonomických cílů. Cílem práce je popsat a srovnat korporátní důchodovou daň ve vybraných zemích jihovýchodní Asie s ohledem na aktuálně platnou daňovou legislativu. Pro zachycení rozdílů mezi systémem korporátního zdanění těchto zemí je využita modelová situace konkrétního subjektu.

Abstract:

Corporate income tax plays an important role in increasing fiscal revenue, promoting social and economic development, and implementing macro-control. Corporate income tax is an important part of national fiscal revenue. While increasing fiscal revenue for the state, corporate income tax, as an important means of national macro-control, has also promoted the adjustment of the national industrial structure and the sound and rapid development of the economy. In addition, corporate taxation will also affect the amount of savings and entrepreneurs’ choice of direct investment in the country, which will create more opportunities for economic growth and create new jobs. The aim of this thesis is to describe and compare the corporate income tax in selected countries and regions, namely Hong Kong, Taiwan, Korea, Singapore, China and India, with respect to the current legislation of these jurisdictions. The difference in the tax effect of a company's final tax burden on a particular entity is used to illustrate the differences in each tax system. This thesis is divided into five chapters. The first chapter is introduction and the last chapter is conclusion. The second chapter describes the basic aspects of taxation. The third chapter focus on a description of corporate income tax legislation in the selected countries and regions, which describes the formation of the tax base, and highlights the various components of taxation. The fourth chapter is the practical part of this thesis, focusing on comparing the specific aspects of corporate income tax between the jurisdictions studied. At the end of the fourth chapter, the tax base and consequently the tax liability of the model company are set out with the help of a practical example.

Keywords

korporátní důchodová daň, daňový subjekt, objekt daně, daňový základ, vynětí z předmětu daně, daňová sazba, poplatník daně, slevy na dani

Keywords

Corporate income tax, tax subject, tax object, tax exemption, tax base, tax rate, tax deduction, tax payer

Language used: English

Date on which the thesis was submitted / produced: 24. 4. 2020

Thesis defence

• Date of defence: 30. 6. 2020
• Supervisor: Karolina Lisztwanová
• Reader: Kateřina Krzikallová

VSB – Technical University of Ostrava

Ekonomická fakulta

Master programme / field:
Hospodářská politika a správa / Finance