Commercial Goods and Materials in the Tax Book of Revenues and Expenses – Implementing Regulation and Statutory Regulation

Abstract

The article deals with the subject of recording events by entities conducting business activity in the tax book of revenues and expenses, with particular emphasis on the purchase of commercial goods and materials, as well as determining the tax result – income or loss – based on the entries in the book. The author tries to show that the regulation on keeping the book goes beyond the scope of the regulations of the Personal Income Tax Act, because it regulates various methods of recording economic events in a manner different from those specified in the subject act for the generally understood costs of obtaining income.