Home  Journals  International Accounting  23(317) - 2014 June

Road map: simplification of registration for taxation and its convergence with accounting

Available online: 21 June 2014

Subject Heading: ISSUES ON ACCOUNTING

JEL Classification: 

Pages: 25-33

Conducting of the independent tax accounting separated from the accounting is currently due to the need to regulate tax payments exclusively within the framework of the legislation on taxes and fees. Currently, inconsistent provisions of the legislation on taxes and fees and accountant legislation lead to problems and risks of tax administration. Differences arising during the formation of the accountant and taxable profits lead to complication and cost increase of a business. Removal of permanent and temporary differences can be found among the fundamental objectives of the road map of the project "improving of tax administration" of the National entrepreneurial initiative aimed to improve the investment climate in the Russian Federation. The author of the article presents the most complete classification of the differences in the rules of financial and tax accounting, as well as suggests the ways to simplify the process of generating summary data using appropriate accounting policies.

Keywords: road map, tax administration, accounting policies, taxation, constant and temporary differences, convergence, accounts

References:

1. RF Federal Law “On Tax Code of the Russian Federation (part one)” of July 31, 1998 № 146-FZ. (In Russ.)
2. RF Federal Law “On Tax Code of the Russian Federation (part two)” of August 05, 2000 № 117-FZ. (In Russ.)
3. RF Federal Law “On Accounting” of December 06, 2011 № 402-FZ.
4. Order of the RF Ministry of Finance “Accounting and financial reporting in the Russian Federation” of July 29, 1998 № 34n. (In Russ.)
5. Order of the RF Ministry of Finance “Accounting Regulations. Accounting policies of an organization (RAS 1/2008)” of October 06, 2008 № 106n. (In Russ.)
6. Order of the RF Ministry of Finance “Accounting Regulations. Revenue of an organization (RAS 9/99)” of May 06, 1999 № 32n. (In Russ.)
7. Order of the RF Ministry of Finance “Accounting Regulations. Expenses of an organization (RAS10/99)” of May 06, 1999 № 33n. (In Russ.)
8. Order of the RF Ministry of Finance “Accounting Regulations. Cost keeping of a profit tax (RAS 18/02)” of November 19, 2002 № 114n. (In Russ.)
9. Decree of the Government of the Russian Federation “On the Main directions of tax policy of the Russian Federation for 2014 and for 2015 and 2016 planning period” of May 30, 2013. (In Russ.)
10. Decree of the Government of the Russian Federation “Road map of the project “Improving tax administration” of February 10, 2014 № 162-r. Available at: Link. (In Russ.)

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