Advanced accounting, audit of the accounts, accounting, State budget, ordinary taxation, oil taxation, tax control, tax evasion, principle of equality before taxes, Public Treasury, Algerian tax system, financial balances of the compagny
The current financial context, marked by the decline in revenue from hydrocarbons, the main source of funding for the State budget, is reviving the debate on the need to increase the share of ordinary taxation compared to oil taxation.
To achieve this, the State has a panoply of tools, increasing the rates of compulsory levies on individuals and companies, promoting entrepreneurial activity by removing the obstacles that weigh on the creation of businesses, strengthening of tax control.
Of all these tools presented, the strengthening of tax control is the least restrictive, insofar as its implementation requires little time, and has no negative impact on growth unlike the other tools.
Thus, in addition to being a means of combating tax evasion and concretizing the principle of equality before taxes, tax audits can play a very important role in bailing out the coffers of the Public Treasury, which is not negligible. In the context of the current situation.
Tax control is essential because of the declarative nature of the Algerian tax system. Under this system, taxpayers determine their own tax bases and declare them spontaneously to the tax authorities through the various declarations (G50, G01, G29, etc.). The latter are deemed to be sincere and complete and to confirm or invalidate them, the tax authorities reserve the right to do a posteriori check of the elements thus declared.
In the absence of this control, the tax could no longer be anything more than a voluntary contribution left to the discretion of each individual and will thus be characterized by inequality in the contribution to the financing of public budgets.
[...] The approach to be favored is that from the bottom of the balance sheet, because it allows the creditors of the company to assess its risk of bankruptcy by reconciling the assets at less than one year with its debts at less than one year, the existence of a positive difference constitutes a guarantee against this risk. Financial FR variation factors It is fundamental to revitalize the RF, that is to say, to specify the explanatory factors of its variation. Table N°4: Factors of variation of the financial FR. [...]
[...] Origin and calculation of BFR Operating cycle and non-operating cycle operations give rise to real and monetary flows in opposite directions. It is common for there to be a time lag between receiving the actual flow and paying for it. This explains on the one hand the existence of receivables and debts in the company and on the other hand the existence of stocks. These discrepancies therefore create a need for working capital that the company will have to finance. In the functional approach, a separation is made between operational needs and non-operational needs. [...]
[...] This approach is centered on the company's solvency. Therefore, it is generally adopted by banks and credit institutions. Objectives of the financial statement The financial statement allows: To assess the financial structure of a company with a view to liquidation; To evaluate the real assets of the company; To determine the financial balance by comparing the different masses of the balance sheet; To study the solvency and liquidity of the company; Calculate the company's financial margin of safety; To estimate the risks run by creditors and partners. [...]
[...] v Trade payables and related accounts:include debts contracted by the company on the occasion of the purchase of goods or services necessary for its activity; some of these debts are evidenced by commercial paper, bills of exchange or promissory notes. v Tax and social security debts:they include the debts that the company has vis-à-vis the Public Treasury, public bodies and its employees. Tax and social security liabilities include the following items in particular: Value Added Tax (VAT) pending settlement; Wages pending payment; Social contributions (employer and employee charges pending payment); Corporation tax. [...]
[...] It is equal to the difference between operating needs on the one hand and operating resources on the other. BFRE = Operating Requirements - Operating Resources The BFRE can be represented as follows: Table N°7: Representation of the BFRE. Operating needs Operating resources Inventory and work in progress Advances and installments paid on operating order Trade receivables and related accounts Prepaid expenses relating to operations Discounted bills not due Advances and deposits received on orders in progress Trade payables and related accounts Tax and social security payables Other operating payables Prepaid income relating to operations BFRE Due to its repetition over time, it is assimilated to a permanent need, it will therefore have to be financed by a stable resource, the FRNG. [...]
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