Income tax is always referred to as direct taxes, because it is taken from the profits received by a company that operates in Russia. To calculate this indicator, it is necessary to determine the amount of the tax base and the tariff rate that is in effect for the reporting period.
Instructions
Step 1
Calculate the notional income or the value of income tax expense (PD), which was generated by the company during the reporting period. It must be equal to the product of the accounting loss or profit by the tax rate. In turn, the accounting profit must be reflected in the report of Form No. 2, and also be equal to the sum of lines 170 and 140 minus 180 lines. Reflect the received indicator of conditional income on special sub-account 99 of the Profit and Loss account.
Step 2
Calculate the sum of the constant differences. A similar amount can be formed only if the dates of recognition of the amounts of expenses and incomes coincide in accounting and tax accounting, and their amounts will differ. It can form for some specific reason. For example, if expenses are recognized in full in accounting.
Step 3
Perform the calculation. To do this, subtract from the value of expenses recognized in accounting, expenses that are indicated in tax accounting. This way you will be able to get permanent differences. Next, multiply the resulting value by the tax rate that applies to profits. This will give you the Permanent Tax Liability (PSL) value.
Step 4
Determine the indicator of the deferred tax asset (abbreviated: SHE), which is equal to the product of the temporary differences, as well as the income tax rate. It should be borne in mind that temporary deductible differences arise if certain expenses in accounting are recognized earlier than in tax, and the amount of income, on the contrary, later.
Step 5
Calculate the LEO (tax deferred liability) that is the taxable temporary difference times the tax rate. The first value may appear when expenses in accounting are less than expenses recognized in tax accounting. Calculate the amount of income tax for the reporting period. To do this, add up the calculated values of PNO, UR, ONA, LEO.
