Accounting and tax aspects of selected transformations carried out in the Czech Republic

The thesis focuses on the tax and accounting aspects of business transformations carried out in the Czech Republic in 2021 and 2022. The theoretical part first presents the legislative framework for transformations of business corporations and cooperatives, followed by a description of the accounting and tax impacts of these transformations. The chapter on accounting aspects focuses on determining the decisive day and its impact on the accounting period length of the involved entities, discusses the issue of valuation of assets by an expert, and analyzes the reporting of deferred tax. From a tax perspective, the thesis addresses the periods for which the participating companies file corporate income tax returns. Additionally, it briefly mentions how companies involved in the transformation process pay advance tax payments, how transformations affect tax depreciation, and whether it is possible to carry forward the tax loss of a dissolved company. The practical part deals with specific transformations, where the analysis revealed cases of tax optimization, including tax-exempt sales of ownership interests, the avoidance of taxation on borrowing costs, or the taxation of interest on acquisition loans.