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ИД «Финансы и кредит»






International Accounting

Methodological specifics of deferred tax registration and the issues of adequate information presentation in financial statements

Vol. 25, Iss. 11, NOVEMBER 2022

Received: 21 July 2022

Received in revised form: 4 October 2022

Accepted: 27 October 2022

Available online: 15 November 2022


JEL Classification: M41, H32, H39

Pages: 1225–1260


Subject. This article discusses the methodological particularities of accounting for deferred taxes within the framework of the procedures of intra- and inter-period distribution of tax effects, as well as the problems of presenting information on deferred taxes in financial statements.
Objectives. The article aims to describe the conceptual and methodological aspects of intra- and inter-period distribution of tax effects, describe current problems of presenting information on deferred taxes, and offer recommendations to improve accounting standards.
Methods. The research is speculative. For the study, I used the dialectical method of scientific knowledge, the method of collecting theoretical and regulatory information, the method of formalization, as well as analysis, synthesis, observation, and comparison.
Results. The article distinguishes the procedures for the primary and secondary distribution of tax effects, describes the main methodological approaches to the registration of deferred taxes, and identifies the problems of using the valuation allowance for deferred tax assets and liabilities from the position of an accounting information system.
Conclusions and Relevance. Currently, accounting standards for accounting for income taxes have significant theoretical shortcomings, including in terms of reporting information. The solution of the problems considered can help improve the quality and transparency of financial information, through using which external users will be able to objectively determine the features of the tax behavior of an economic entity. The results of the study can be used to develop and improve the accounting methodology for accounting for deferred taxes, national accounting standards, and corporate accounting policy to account for income taxes.

Keywords: deferred taxes, income taxes, inter-period allocation, intra-period allocation, tax effects


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November 2022