Deferred Taxes on Operations With the Capital: Acceptance and Accounting

The article analyses requirements of the national standards of accounting and international standards of fiscal accounting in application of the mechanism of deferred taxes that ensures reflection of the current and future tax consequences of economic operations of a company and envisages provision of information about deferred taxes in financial reports. It justifies that accounting of tax consequences of operations and other events should be carried out in the same manner as the accounting of the operations and events is carried out. It identifies possible methods of reflection of deferred taxes: in profits (losses), in other aggregate profit, in own capital items and in goodwill. It considers approaches to acceptance of deferred taxes by operations, which are reflected by items of the capital on the example of re-evaluation of fixed assets. It formulates directions of improvement of the legislation and provides recommendations on accounting of deferred taxes in the moment of re-evaluation of the objects of fixed assets and also gradual transferral of the sum of increase in the value of fixed assets to the undistributed profit and writing-off the deferred tax liability, realisation of which would allow increase the quality of fiscal accounting.