Innovations in Income Tax Accounting

Abstract

Relevance. For any commercial enterprise, one of the main goals is to make a profit, because further development of the organization depends on its size. One of the most important factors affecting the solvency of an enterprise is the correct planning and distribution of funds. A positive result testifies to the effectiveness of the company's activities in the current period, respectively, a negative result indicates the need to change the vector of development of commercial activities and resort to changes that contribute to an increase in the level of the organization's income. Based on the above definition, it is possible to determine the actual problems of tax accounting in the calculation of corporate income tax, find ways to solve this problem.
The purpose of this article is to disclose innovations in PBU 18/02 «Accounting of income tax settlements» and IAS 12 «Income taxes».
Objectives. The realization of the goal led to the formulation and solution of the following main tasks: to study the main changes in PBU 18/02 and IAS 12; consider in detail the similarities and differences between the two PBU 18/02 and IAS 12.
Methodology. In the course of the study, general scientific methods of logical and statistical analysis, qualitative and quantitative analysis were used.
Results. The proposed developments of the authors can be used in the educational activities of universities specializing in the training of specialists in the course "International Financial Reporting Standards", "Consolidation and Transformation of Reporting".
Conclusion. The theoretical provisions presented in the article are aimed at a detailed understanding of the similarities and differences in the provisions governing the payment of income tax.