№ 5/2016

Fìnansi Ukr. 2016 (5): 48–

TAX POLICY

BONDAR Mykola ¹, BABICH Vitaliy Vasylovych

¹SHEE “Kyiv National Economic University named after Vadym Hetman”
OrcID ID : https://orcid.org/0000-0002-1904-1211

IDENTIFICATION OF THE INCOME TAX OBJECT TAKING INTO ACCOUNT THE DIFFERENCES

The peculiarities of the income tax object taking into account the financial result and foreseen differences are considered in the article. The procedure and methodology of identification of the differences’ components considered within calculation of the income tax object in accordance with the newly presented Chapter III “Income Tax” of the Tax Code of Ukraine are clarified. An attention is paid to feasibility of exclusion of timing differences from the calculation of income tax object due to theirs inefficiency. An existence of difference between calculation of depreciation in accordance with financial accounting and tax rules is justified. An unjustified exclusion of production method of depreciation from the Tax code of Ukraine which causes more differences in accounting, in particular in identification of the assets’ value to the particular date, is proven. The impact of adjustments of financial result before taxation by revaluation and change of the fixed assets’ usefulness is identified. Taking into account the adjustment of taxable financial results by the amount of residual value of separate asset or intangible asset, which is under negotiation of selling or liquidation, it is proposed to take similar norms for the fixed assets which are transferred free of charge to other entities, as a free provision of goods is also considered to be realization. In determination of the differences on transactions of selling or liquidation of intangible assets an attention is focused on the fact that calculation of residual value by subtracting of depreciation value from the initial value of object, the depreciation value can be different in financial and tax accounting, what lead to conclusion that it is more prudent to use tax method of calculating the depreciation of an asset.

Keywords:object of taxation, income tax, margin, profit or loss before tax.

JEL: Н21, Н32, М41.

BONDAR M. . IDENTIFICATION OF THE INCOME TAX OBJECT TAKING INTO ACCOUNT THE DIFFERENCES / M. . BONDAR, V. V. BABICH // Фінанси України. - 2016. - № 5. - C. 48-.

Article original in Ukrainian (pp. 48 - 56)

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