CONTROVERSIAL ISSUES OF RECALCULATION OF DEFERRED TAX ASSETS AND LIABILITIES IN CONNECTION WITH CHANGES IN TAX LEGISLATION

Abstract

The article aims to structure the approaches used in domestic practice to the formation, reflection in accounting and reporting of deferred tax indicators and to reveal the problems of their recalculation in connection with ongoing tax reforms. The regulatory framework for the formation of deferred tax assets and liabilities by the balance sheet method is summarized using critical analysis methods, calculation formulas and accounting records schemes are given. The shortcomings of the regulatory framework were noted, in particular, the inconsistency of the current version of the Accounting Chart of Accounts with the accounting standards applied and put into effect. The variant of accounting for deferred tax assets and liabilities is disclosed, respectively, the need for approval of the optimal option in accounting policy is indicated. Due to the lack of a clear procedure for recalculation of taxable indicators in the legislation, approaches to their recalculation as changes in accounting policy, changes in estimated values, correction of accounting errors and intercountry adjustments are critically analyzed. The variant of recalculation based on International Financial Reporting Standards with adaptation to the Russian Accounting Chart of Accounts is justified, this conclusion is supported by the norms of the current Russian Accounting Regulations, while the directions of further scientific research on improving the regulatory framework and increasing the transparency of accounting information about the financial position and financial results are outlined.