Tax Accounting

This book attempts to bring the concept of taxes and their applications closer together, based on the Libyan Income Tax Law No. (7) of 2010, and focusing on taxes imposed on income, being one of the prime taxes currently imposed in Libya, particularly income and jihad taxes. All this is accomplished by addressing the general theory of taxation, in terms of its characteristics, objectives, and close relationship with other sciences, such as public finance, economics, law, politics, accounting, and sociology, and follows the scope of its application, its fundamental principles, and the tax’s technical divisions. The book then reviews the law enforced in Libya relating to income taxes and additional taxes and applies the above to the taxes imposed on individuals, solidarity companies, and other companies. The book's material is supported by examples and exercises and addresses tax problems that have not been addressed previously, in addition to Law No. (7) of 2010 and its executive regulations, to facilitate direct reference to the legislation texts. Understanding and comprehending the science of taxation is extremely important for accounting sciences students and accountants in general. The book is also beneficial for researchers in taxation and financial sciences in particular.