FOREIGN EXPERIENCE OF ACCOUNTING DIFFERENCES OF TAXATION AND THEIR REFLECTION IN THE FINANCIAL STATEMENTS OF THE ENTERPRISE

Анотація

Today, in the financial and economic crisis, accounting for differences that arise in determining the pre-tax financial result is an urgent problem that needs to be addressed and foreign experience shows that accounting and calculation of tax differences has its advantages. This article explores the peculiarities of tax accounting differences in foreign countries and analyzes international financial reporting standards regarding accounting and reporting differences. The experience of countries that reflect tax differences is analyzed and compared with the experience of reflecting tax differences in reporting in Ukraine. The authors consider the causes of tax differences and the need to study foreign experience to use it in the national accounting system. At the international level, the need for accounting for tax differences and their reflection in the financial statements was recognized during the adoption of the first edition of International Accounting Standard 12 Income Taxes. It should be noted that in foreign countries there are two approaches to the definition and reflection of the object of taxation. Therefore, in this regard, world experience divides countries into two groups: countries where accounting is carried out in accordance with the requirements of tax legislation and countries where tax legislation does not meet the requirements of accounting. Permanent accounting practice with the calculation of temporary tax differences of foreign countries involves determining the financial result according to accounting data and its further adjustment to calculate pre-tax profit. The main disadvantage of accounting for differences in foreign countries is that countries apply different approaches to the order of calculation of differences and there is no unambiguous interpretation of the order of their calculation and reporting. There is also the problem of forming information about differences in the accounting system. Ukraine is currently at the initial stage of implementing the difference accounting model. To date, the task is to develop and work out a method of determining differences in accordance with the terms of the Tax Code of Ukraine in calculating the taxable financial result based on the experience of countries that already distinguish differences in accounting.

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