METHODOLOGICAL APPROACHES TO THE ORGANIZATION OF ACCOUNTING AND TAX ACCOUNTING OF THE BUDGETARY SETTLEMENTS ON THE PROFIT TAX

The article is devoted to the consideration of problematic issues and prospects for the organization of accounting (financial) and tax accounting related to the emergence of settlement obligations with the budget for income tax. Profit tax in accounting practice is considered one of the most time-consuming in terms of settlement. At the same time, it occupies one of the leading positions in terms of the volume of revenues of regional budgets formed from tax revenues. It should also be noted that the greatest number of errors detected during tax audits are associated precisely with the correct definition of the tax base for income tax. Significant difficulties arise in the budget settlements of the income tax due to the discrepancy between the data reflected in the accounting system with the data contained in the tax accounting system. The occurrence of the above-mentioned inconsistencies can be explained by various methodological principles laid down by the legislator in the system of accounting (financial) and tax accounting. In general, accounting (financial) for income tax is intended to ensure the accuracy of liabilities arising before the budget. Tax accounting is allocated as a whole from accounting precisely with the purpose of providing information for the calculation of income tax. The authors conducted a comparative analysis of independently established accounting directions accounting and tax accounting of settlements with the budget for income tax. This kind of analysis is due to the need to identify differences in approaches to the calculation of income tax in terms of accounting (financial) and tax accounting. In the process of analysis, the causes of differences between the accounting and tax accounting data were identified and streamlined.

tax accounting, accounting (financial) accounting, income tax, accounting profit, tax profit, permanent tax differences, temporary tax differences, deferred tax assets, deferred tax liabilities, permanent tax liability, permanent tax asset.

Polyakova E. V., Ageeva E. S. Methodological approaches to the organization of accounting and tax accounting of the budgetary settlements on the profit tax // Business. Education. Law. 2019. No. 1 (46). Pp. 246–250. DOI: 10.25683/ VOLBI.2019.46.117.