Simplified business information: a technical position in accounting and taxation

David, Fátima; Abreu, Rute; Carreira, Francisco José Alegria

http://hdl.handle.net/10400.26/21065

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Authors

David, Fátima

Abreu, Rute

Carreira, Francisco José Alegria

Abstract(s)

This paper is focused on Simplified Business Information (SBI) – “Informação Empresarial Simplificada” (IES), hereinafter IES, in the accounting and taxation context. IES is a new way for firms to deliver business information online to public services, by using a totally dematerialized procedure. The theoretical framework of this paper is based on accounting and taxation information that evaluate the impact of the online submission of the IES files, since firms fulfil, at once, four different obligations: 1) Deposit of annual accounts in the Commercial Registry of the Ministry of Justice; 2) Delivery of annual fiscal declaration to the Ministry of Finances and Public Administration; 3) Delivery of annual information to National Statistics Institute for statistical purposes; and 4) Delivery of information to the Portuguese Central Bank. Thus, the paper attempts to provide an understanding the adoption of the dematerialized procedure, because the increasing of a firm’s activity and changes in its accounting and taxation environment require new attitudes of disclosure information, as a key factor that negatively and positively influences the accounting and taxation regime, particularly on Portugal.