Features of taxation and reporting of income tax by insurance companies

Economic Annals-XXI: Volume 120, Issue 5-6, Pages: 71-74

Citation information:
Shkuta, I. V. (2012). Features of taxation and reporting of income tax by insurance companies. Economic Annals-XXI, 5-6, 71-74. https://ea21journal.world/index.php/ea-v120-21/


I. V. Shkuta

Features of taxation and reporting of income tax by insurance companies

Abstract. The paper examines major features of income tax of insurance companies. The study explains procedures of reporting followed by the insurance companies, describes a method of preparing income tax statements. The research highlights charging late payment penalties for self-identification mistakes.

Keywords: Income Tax; Income and Costs of Insurance Companies; the Declaration of Income Tax of the Insurer