How To Write Off Deferred Tax Assets

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How To Write Off Deferred Tax Assets
How To Write Off Deferred Tax Assets

Video: How To Write Off Deferred Tax Assets

Video: How To Write Off Deferred Tax Assets
Video: Deferred tax assets 2024, April
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In the course of the economic activity of the organization, namely, during accounting, the following situation may arise: when recognizing income or expenses, the accounting amounts differ from the tax one. This can arise from the application of different depreciation methods. A so-called deferred tax asset (SHA) arises, which is generated from deductible temporary differences. The accountant must write off this SHE upon disposal of the object.

How to write off deferred tax assets
How to write off deferred tax assets

Instructions

Step 1

To get information about the movement and the presence of a deferred tax asset, open the account 09 card, this is where all the information is located. To create the deductible temporary difference, multiply it by the income tax rate. The difference can occur in the case of amortization accrual, in the overpaid amount of tax, in the recognition of selling expenses in the cost of goods sold and in other cases.

Step 2

For example, an organization purchased a computer for 35400 rubles, including VAT 5400. After some time, it was decided to sell office equipment for 236000 rubles, including VAT 3600 rubles. The amount of depreciation in accounting was 8,000 rubles, and in tax - 7020 rubles. The deductible temporary difference is RUB 980 and the deferred tax asset is RUB 980 * 24% / 100 = RUB 235.

Step 3

In accounting, reflect this as follows: D62 K91 subaccount "Other income" - 23,600 rubles - reflects the proceeds from the sale of a computer; D91 subaccount "Other expenses" K68 - 3600 rubles - the amount of VAT was charged; D01 subaccount K01 subaccount "Disposal of fixed assets" - 30,000 rubles - the amount of the initial cost of the computer was charged to the “Disposal” account; D02 K01 - - 8000 rubles - the depreciation amount was written off according to accounting data; D91 subaccount “Other expenses” K01 - the residual value of the fixed asset is written off; D99 K09 - 235 rubles - the deferred amount is repaid tax liability; D68 K99 - 235 rubles - the amount of a permanent tax liability is reflected.

Step 4

You are not entitled to use the received permanent difference for tax purposes. SHE are recognized in the reporting period in which they are carried out by the organization. In the balance sheet, such temporary differences should be reflected in line 145 in the section "Non-current assets".

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