To have an idea of what a deferred tax asset, we must first understand what is the content of the concept of deferred taxes, which the company must pay to profits.In the most general sense, this tax serves as the obligations arising from the business or organization in the future.Moreover, the main reasons for their occurrence are now existing problems in the state of economic activity and taxes.
This, to some extent, conditional tax may be calculated according to the financial statements of an entity or organization, as a rule, it is an amount equal to the actual tax that must be paid by a business entity in the tax period.
In these calculations naturally arise differences between the tax and accounting, as they use different methods of estimation of cost.These differences are temporary, but in the future may lead to inconsistencies in the valuation of assets and liabilities, expense and income taken into account when calculating taxes.
conditions of a conditional tax are made, usually by means of three methods.Deferral method consists in the fact that deferred tax is determined in accordance with the rate of income tax, which is legal at the time of recognition of difference.In the Russian Federation, such a method of calculation was used until 2010, then, in accordance with the regulations on accounting, the liability method has been applied.This method provides for recognition of liabilities of the enterprise or the company's income statement.There is a third method - the balance sheet, which consists of comparing estimated costs according to tax and accounting.
Accordingly, a deferred tax asset represents the share of deferred taxes, which objectively leads to a decrease in the amount of tax payable by the company or organization to profit, and which must be paid according to the legislation in the next reporting period and beyond.
entity recognizes a deferred tax asset at a time when the image of the previously mentioned temporary differences, and provided further that, in the coming fiscal periods, it will make a profit, which will be able to pay the tax.In accounting deferred tax asset is recorded based on the sum of all these differences, except in cases where these differences will not be reduced or completely eliminated.
formula by which to determine such deferred tax liabilities is as follows: But BP = x CCTV where: But - the value of deferred assets, BP - an indicator of the time difference, CCTV - the value of the tax rate, which is set at the moment the legislation.
The system of accounting deferred tax assets - are indicators that are recognized as a separate stand-alone bill, which is designed for accounting purposes and is reflected in deferred tax assets.It is also important that, as already stated, these assets are recorded in accounting independently, ie separately for each type of assets that generate temporary differences in the evaluation.
themselves are formed as a result of differences:
- the use of different methodologies for calculating depreciation, which uses a specific company or organization in accounting;
- recognition of revenue from goods sold in the form of income from the ordinary business of the enterprise;
- in the event of breach of the rules of payment of corporate income tax or an organization;
- use do not match the rules and regulations reflect the interest that the company or organization pays for the loans.
The accounting system such assets shows the opposite postings: accrual AT 77 - 68 Km and, accordingly, to repay AT 68 - Km 77.
