Permanent and Temporary Tax Differences-Good or Bad for the Company?

A task. According to the legislation of the Russian Federation, companies must keep tax records in order to calculate income tax. At the same time, tax accounting differs from accounting, since it is based on other principles. This article compares accounting and tax accounting, and also gives an assessment of certain differences that have arisen. The purpose of this article is to analyze tax legislation, including its impact on Russian companies. Model. The article offers a classification of tax differences, explains the reasons for their occurrence. The adopted legislative acts in the field of taxation (income tax) are assessed from the point of view of their expediency, both for the state and for companies and the country's economy as a whole. Conclusions. The issues examined in the article are quite important, since they affect the overwhelming part of Russian business. The article raises the question of how to most effectively build a tax accounting system to obtain the greatest benefit. In addition, the focus is on which companies do it better, and which ones do it worse, and why. Originality. The uniqueness of this article is due to the fact that the author uses mathematical calculations to confirm his conclusions and relies not only on legislative data, but also on statistical data.

accounting, tax accounting, deferred tax assets, deferred tax liabilities, permanent tax differences, income tax, taxation