+7 495 989 9610, 9am6pm (GMT+3), Monday – Friday
ИД «Финансы и кредит»






International Accounting

Filling in the gaps in bookkeeping and tax accounting: A comparative analysis of international and Russian practices

Vol. 24, Iss. 3, MARCH 2021

Received: 4 February 2021

Received in revised form: 19 February 2021

Accepted: 4 March 2021

Available online: 15 March 2021


JEL Classification: H26, H29, M41, M49

Pages: 338–368


Ekaterina V. OLOMSKAYA Kuban State University (KubSU), Krasnodar, Russian Federation


Andrei A. AKSENT'EV Kuban State University (KubSU), Krasnodar, Russian Federation


Subject. This article explores the origination of the differences between bookkeeping and tax accounting, and their impact on decision-making.
Objectives. The article aims to examine the reasons for the discrepancies between bookkeeping and tax accounting, reveal some aspects of accounting of differences from the position of their registration in a uniform accounting system or two parallel systems, if available, and determine the impact of such gaps on investment and management decisions.
Methods. For the study, we used analysis and synthesis, observation, comparison, and the dialectical and data collection methods.
Results. The article reveals the key features of the interaction between bookkeeping and tax accounting in Russia and foreign countries. It justifies that in today's economic realities, addressing shortcomings between these information systems is not a necessity, and shows the possible impact of differences on investment decisions. The article also graphically presents the application of cost-plus and balance-based methods of accounting for deferred taxes depending on the way information systems are organized, as well as their comparative characteristics.
Conclusions and Relevance. The discrepancies between the two accounting systems provide an opportunity to assess the impact of tax planning on drawing a veil over the accounting profit. Studying the cost and balance methods, as well as the dialectic of the interaction of tax planning with the accounting information system, remain relevant. The results of the study can be useful to accounting and tax specialists, and other stakeholders who are studying the interactions of these information systems.

Keywords: bookkeeping, tax accounting, gaps, investment decisions, deferred taxes


  1. Whitaker C. Bridging the Book-Tax Accounting Gap. The Yale Law Journal, 2005, no. 115, pp. 680–726. URL: Link
  2. Kirsch H., Olsson S. Financial Accounting and Tax Accounting: Germany and Sweden as Examples. Skattenytt, 2008, pp. 746–757. URL: Link
  3. Kim J.-B., Li Y., Zhang L. Corporate Tax Avoidance and Stock Price Crash Risk: Firm-Level Analysis. Journal of Financial Economics, 2011, vol. 100, pp. 639–662. URL: Link
  4. Sun Y. Research on the Difference Between Accounting System and Tax Laws. MATEC Web Conferences, 2018, vol. 227. URL: Link
  5. Ahmeti S., Aliu M., Elshani A., Ahmeti Y. TAX RESEARCH Financial Accounting versus Tax Accounting – Tax Rules' Impact on Investment Decisions. ILIRIA International Review, 2014, vol. 4, no. 1, pp. 9–24. URL: Link
  6. Kruglyak Z.I. [Interaction of bookkeeping and tax accounting systems: International experience and Russian practice]. Mezhdunarodnyi bukhgalterskii uchet = International Accounting, 2007, vol. 10, iss. 7, pp. 22–30. URL: Link (In Russ.)
  7. Voskresenskaya N.V. [Historical preconditions of bookkeeping and fiscal accounting in modern home practice]. Vestnik Chuvashskogo universiteta = Bulletin of Chuvash University, 2010, no. 4, pp. 335–339. URL: Link (In Russ.)
  8. Levandovskaya E.A. [Significance of deferred taxes in financial reporting]. Ekonomika i biznes: teoriya i praktika = Economics and Business: Theory and Practice, 2019, no. 11-2, pp. 65–67. URL: Link (In Russ.)
  9. Adamenko A.A., Denisenko T.A. [Formation and development of tax accounting in the Russian Federation, and its interaction with accounting]. Vestnik Akademii Znanii = Bulletin of the Academy of Knowledge, 2017, no. 4, pp. 6–11. URL: Link (In Russ.)
  10. Erofeeva V.A. [The problem of convergence of tax accounting and bookkeeping]. Ekonomika. Nalogi. Pravo = Economics. Taxes. Law, 2014, no. 3, pp. 134–137. URL: Link (In Russ.)
  11. Skachko G.A. [The problems of tax accounting in Russia]. Uchet. Analiz. Audit = Accounting. Analysis. Auditing, 2016, no. 2, pp. 48–53. URL: Link (In Russ.)
  12. Kabashkin V.A., Dubovskaya O.I., Luzgina E.I. [Basics of organization and the specific features of accounting in Germany]. Mezhdunarodnyi bukhgalterskii uchet = International Accounting, 2010, vol. 13, iss. 5, pp. 43–49. URL: Link (In Russ.)
  13. Bashkatov V.V. [History of tax accounting formation and development]. Politematicheskii setevoi elektronnyi nauchnyi zhurnal Kubanskogo gosudarstvennogo agrarnogo universiteta, 2011, no. 68 (04), pp. 233–246. (In Russ.) URL: Link
  14. Nasyrov I.N., Shtyrlyaeva E.V. [Accounting costs of taxation of organizations: origins and solutions]. Finansovaya analitika: problemy i resheniya = Financial Analytics: Science and Experience, 2015, vol. 8, iss. 8, pp. 27–37. URL: Link (In Russ.)
  15. Olomskaya E.V., Aksent'ev A.A. [Russian Accounting Standard (PBU) 18/02: Principles on the balance method use]. Mezhdunarodnyi bukhgalterskii uchet = International Accounting, 2020, vol. 23, iss. 12, pp. 1356–1382. (In Russ.) URL: Link
  16. Shakhbanov R.B. [Formation of tax accounting in Russia]. Vestnik Dagestanskogo gosudarstvennogo universiteta. Seriya 3: Obshchestvennye nauki = Herald of Dagestan State University. Series 3: Social Sciences, 2005, no. 5, pp. 100–104. URL: Link (In Russ.)
  17. Kemaeva S.A., Lodygina E.I. [A modern view of the application of PBU 18/02 – Profit Tax Accounting – in the accounting system of organizations]. Bukhgalterskii uchet v byudzhetnykh i nekommercheskikh organizatsiyakh = Accounting in Budgetary and Non-Profit Organizations, 2017, no. 15, pp. 41–50. URL: Link (In Russ.)
  18. Pokrovskaya N.V., Antonets E.A. [Valuation of deferred tax assets and deferred tax liabilities]. Mezhdunarodnyi bukhgalterskii uchet = International Accounting, 2015, vol. 18, iss. 11, pp. 43–54. URL: Link (In Russ.)
  19. Kot E.M., Ogorodnikova N.M., Saburova L.V., Gusel'nikova S.A. [Study of income tax calculation and development of a methodology for comparing accounting and tax accounting data]. Voprosy upravleniya = Management Issues, 2019, no. 6, pp. 147–157. URL: Link (In Russ.)
  20. Medvedeva M.V., Ryakhovskii D.I. [Improving the accounting of calculations for corporate income tax]. Modern Economy Success, 2020, no. 3, pp. 243–251. URL: Link (In Russ.)
  21. Olomskaya E.V., Tkhagapso R.A. [Interrelation of the main flows in accounting and tax information systems]. Vestnik Adygeiskogo gosudarstvennogo universiteta. Seriya 5: Ekonomika = Bulletin of Adyghe State University. Series: Economics, 2016, no. 3, pp. 87–94. URL: Link (In Russ.)

View all articles of issue


ISSN 2311-9381 (Online)
ISSN 2073-5081 (Print)

Journal current issue

Vol. 24, Iss. 3
March 2021