Accounting and taxation of nonprofit entities

Abstract

This work speaks of accounting and taxation of non-profit entity. This analysis focuses on the comparison of the financial statements of a charity with the financial statements of a business company, and also, it explains tax legislation enjoyed by such entities. To carry out this comparative analysis I have made an extensive study of the Accounting General Plan and the Adaptation of the Accounting Plan to non-profit entities. On the other hand, to explain the taxation of an entity, specifically the corporate income tax and the value added tax, I have resorted to laws (Law 27/2014 and Law 37/1992, respectively). Also, the study which I have made to know whether non-profit entities require a new accounting rules by their special differences it will be observing in the course of work. And finally, you will know what the charities have not the same fiscal regulation as the commercial enterprise and you are able to understand the reason of it.