لغة أجنبية متخصصة 2

The tax system is a framework established by governments to collect revenues from individuals and businesses to fund public services and infrastructure. Taxes can take various forms, such as income tax, corporate tax, value-added tax (VAT), and property tax, each governed by specific rules and regulations that may change with economic policy and societal needs. A well-designed tax system aims to be fair, efficient, and simple, ensuring that all contributors fulfill their obligations to support the functioning of the country3.

Tax accounting is a specialized field within accounting that focuses on the preparation, analysis, and presentation of tax payments and returns. Unlike financial accounting, which is guided by generally accepted accounting principles (GAAP) or International Financial Reporting Standards (IFRS), tax accounting follows the tax laws and regulations set by the government4. Tax accountants help individuals and organizations comply with these laws by accurately calculating taxable income, identifying allowable deductions and credits, and ensuring timely filing of tax returns. They also provide advice on tax planning strategies to minimize liabilities and avoid penalties35.

The importance of tax accounting has grown as tax regulations have become more complex and businesses have expanded internationally. Effective tax accounting not only helps organizations remain compliant but also supports better financial decision-making. By keeping up-to-date with changing tax laws and leveraging available tax benefits, tax accountants play a key role in optimizing an organization’s financial performance and supporting its long-term sustainability35.