K-IFRS 도입에 따른 세법상 고정자산감가상각 방법 개선안 연구 (Study on Depreciation Methods under K-IFRSfor Tax Purpose and Amendment of Tax Law)

서지정보

· 발행기관 : 한국국제조세협회
· 수록지 정보 : 조세학술논집 / 26권 / 2호 / 213 ~ 238페이지
· 저자명 : 이진영, 이중현

초록

Korean listed companies are required to adopt K-IFRS from 2011. The adopting K-IFRS will likely result in the reduction of the deductible depreciation amount for tax purpose. This study comprehensively analyzes tax issues that may occur due to the change of accounting standards for depreciation methods. In order to mitigate the tax problems, this study look further into the cases of other countries on how to solve the problems incurred from adopting IFRS, and suggest the amendment of the tax laws and regulations .
This study suggests the tax treatments on depreciation of the fixed assets should be as follows. First, providing special depreciation rule under the Tax Incentive Control Law to recognize additional depreciation expenses up to the tax limit. Second, allowing the taxpayers to adopt tax reconciliation method for all the assets held by companies to reconcile the difference between K-IFRS and the existing depreciation. The above two methods may reduce the tax collection revenue of Korean government. In order to mitigate the insufficient tax revenue, using longer useful life for tax purpose should be considered.
As for intangible assets, the study suggests the taxpayers should be allowed to adopt the tax reconciliation method by using the useful life table specified by the tax laws from the year of 2010 for intangibles assets which are not depreciated under the K-IFRS. In addition to this, it is recommended to recognize the impairment loss of intangibles assets for tax purposes.
The Korea tax law and regulation has not yet established to accommodate the changes effected from adopting K-IFRS. This may cause numerous tax disputes and controversies in the near future. Therefore, in order to properly solve the tax problems, this study may be a starting point for the tax authorities to consider the additional amendment of the tax regulations in relation to the depreciation method for fixed assets and intangible assets

영어초록

Korean listed companies are required to adopt K-IFRS from 2011. The adopting K-IFRS will likely result in the reduction of the deductible depreciation amount for tax purpose. This study comprehensively analyzes tax issues that may occur due to the change of accounting standards for depreciation methods. In order to mitigate the tax problems, this study look further into the cases of other countries on how to solve the problems incurred from adopting IFRS, and suggest the amendment of the tax laws and regulations .
This study suggests the tax treatments on depreciation of the fixed assets should be as follows. First, providing special depreciation rule under the Tax Incentive Control Law to recognize additional depreciation expenses up to the tax limit. Second, allowing the taxpayers to adopt tax reconciliation method for all the assets held by companies to reconcile the difference between K-IFRS and the existing depreciation. The above two methods may reduce the tax collection revenue of Korean government. In order to mitigate the insufficient tax revenue, using longer useful life for tax purpose should be considered.
As for intangible assets, the study suggests the taxpayers should be allowed to adopt the tax reconciliation method by using the useful life table specified by the tax laws from the year of 2010 for intangibles assets which are not depreciated under the K-IFRS. In addition to this, it is recommended to recognize the impairment loss of intangibles assets for tax purposes.
The Korea tax law and regulation has not yet established to accommodate the changes effected from adopting K-IFRS. This may cause numerous tax disputes and controversies in the near future. Therefore, in order to properly solve the tax problems, this study may be a starting point for the tax authorities to consider the additional amendment of the tax regulations in relation to the depreciation method for fixed assets and intangible assets

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